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Atlassian Valued at $3.3 Billion

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Re: Atlassian Valued at $3.3 Billion

#121

Post by notatoad »

zevyoura wrote: post #94
bane wrote: post #73

I don't know why, but this makes me feel good. Like a world that makes sense. A regular old business, that makes money and continues to grow and make more money, gets valued on a nice speculative curve, doesn't make useless dodads or chat apps or whatever and went from $0 to $xx billion valuation in a couple years because it has some possible tangential business tie in with somebody else, but instead makes something…

>doesn't make useless dodads or chat apps or whatever To be fair, Atlassian makes HipChat, and though it's not exactly the foundation of their valuation it is a pretty significant product.

HipChat isn't like SnapChat though. If you go to their homepage, right up in the header they've got a link to their pricing page. You don't have to wonder who they're selling you to or what convoluted monetization schemes they have, Atlassian makes money because people pay them for a service that they think is valuable. Which is refreshing.

Re: Atlassian Valued at $3.3 Billion

#122

Post by thefreeman »

bane wrote: post #73

I don't know why, but this makes me feel good. Like a world that makes sense. A regular old business, that makes money and continues to grow and make more money, gets valued on a nice speculative curve, doesn't make useless dodads or chat apps or whatever and went from $0 to $xx billion valuation in a couple years because it has some possible tangential business tie in with somebody else, but instead makes something…

Sort of. But it drives me crazy that WhatsApp was bought for like 5x as much.

Re: Atlassian Valued at $3.3 Billion

#123

Post by jmacd »

I met Mike and Scott in 2004 and they were incredibly humble, focused and benevolent then. From what I can tell they seem to have maintained that through the years and all their success. They also had a President of their company names Jeffery Walker, who was one of the kindest and most interesting guys I've ever met.

This is a company that is learning too. Since the acquisition of HipChat they have made the product dramatically better. If they can get a good model in place for further acquisitions, and they can continue to successfully launch their own products as well as they have in the last few years, then this company is on track to being worth a hell of a lot more than $3.3bn.

Re: Atlassian Valued at $3.3 Billion

#124

Post by e1g »

tluyben2 wrote: post #14
rgrieselhuber wrote: post #10

This is a company that was founded in 2001. I still remember their CEO building his original audience on TheServerSide.com, back when Enterprise Java was the thing. They took 13 years to get to this point, a solid 8-9 years longer than most enterprise SaaS companies are expected to take (by VCs). And yet, not a single VC I've asked if they wish they were in Atlassian has said no. You can build huge companies on your…

Can you give examples of SaaS companies which did that in 4-5 years; I know you said 'by VCs', but i'm curious.

Workday (NYSE:WDAY) was founded in 2005 and floated in 2012 with the valuation of $4.5B (currently $15B). However the Workday story is different because it was started by grownups and well geared towards enterprise from the start (business model, marketing, connection, financing, etc).

Re: Atlassian Valued at $3.3 Billion

#125

Post by neovive »

Congratulations to Atlassian. We've been using a locally-hosted Confluence instance for over 3 years in a higher education setting and it's been a great experience. The more I use Confluence, the more I see it's true value as a collaboration platform. The uptake among users has been great and the sharing of information has grown exponentially. The product consistently improves and gets easier to use over time as opposed to typical enterprise applications.

Re: Atlassian Valued at $3.3 Billion

#126

Post by bjconlan »

thom wrote: post #115
rgrieselhuber wrote: post #10

This is a company that was founded in 2001. I still remember their CEO building his original audience on TheServerSide.com, back when Enterprise Java was the thing. They took 13 years to get to this point, a solid 8-9 years longer than most enterprise SaaS companies are expected to take (by VCs). And yet, not a single VC I've asked if they wish they were in Atlassian has said no. You can build huge companies on your…

A large part of that 13 years was JVM startup time though.

Hahaha, so true...

Re: Atlassian Valued at $3.3 Billion

#127

Post by primitivesuave »

cheetahtech wrote: post #49
rgrieselhuber wrote: post #10

This is a company that was founded in 2001. I still remember their CEO building his original audience on TheServerSide.com, back when Enterprise Java was the thing. They took 13 years to get to this point, a solid 8-9 years longer than most enterprise SaaS companies are expected to take (by VCs). And yet, not a single VC I've asked if they wish they were in Atlassian has said no. You can build huge companies on your…

I really appreciate this comment. I have a start up I have been working on for almost 2 years. I am bringing in money, but not enough yet to be life sustaining. So I have a full time job and working every day on this startup. It can get rather tiring... I was questioning its worth the other day, to keep going or to wait. But I must keep going. It doesn't take a year, but rather its a long drawn out process.

I wish I had your kind of attitude a year ago - me and a former cofounder gave up on a promising enterprise startup idea within a few months because we were generating way less money than we had expected. If you're bringing in money you're definitely doing something right, and you're doing better than 50% of enterprise startups out there. I'm glad you're sticking with it because it is indeed a very long and drawn-out process, but can be quite rewarding in the end.

Re: Atlassian Valued at $3.3 Billion

#128

Post by shortstuffsushi »

kodablah wrote: post #12
ToastyMallows wrote: post #9

I'm not surprised. We use Crucible at work and everyone loves it. Atlassian makes some great prodcuts.

It does have some warts but is the best out there. I believe the code review market is very ripe for disruption (especially for software hosted publicly on sites like github).

I feel exactly the same way. I always end up cursing Atlassian's software (specifically Jira and Confluence), but when I look for an alternative (primarily for Jira), I can't ever find anything that does it quite as well or attractively as Jira. Even with its problems, it still does what I want, and does it well. I would, however, love to see something try to compete with it. There are a lot of decent alternatives, but it would be cool to see a bit more competition.

Re: Atlassian Valued at $3.3 Billion

#129

Post by voltagex_ »

zevyoura wrote: post #110
schneid wrote: post #97

Earlier quoted context omitted.

To be fair, Atlassian bought HipChat :)

They bought Crucible and Bitbucket too, doesn't make them any less an Atlassian product.

I didn't even realise BitBucket wasn't originally an Atlassian product. What do you think makes it seem so seamless, or what makes Atlassian so good at integrating new products?

Re: Atlassian Valued at $3.3 Billion

#130

Post by DavidAdams »

nraynaud wrote: post #88
dudurocha wrote: post #67

Earlier quoted context omitted.

IPO

I don't get the point of going public when you don't really need money. With the press trying to find sensational stories, the sheepish behavior of the markets etc.

An IPO provides liquidity for the stockholders. That's almost always the reason for an IPO when the company doesn't need the cash.
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