Atlassian acquires Trello for $425M

Post by dangoor » Mon, Jan 09, 2017, 4:12 PM UTC

taytus wrote: post #183

dangoor wrote: post #168

Earlier quoted context omitted.

"I like Facebook, I use it often. $365B... for a message board. Yes, I use it. Yes, I think it is useful. Yes, I think this valuation is absolutely crazy." Not many todo lists have millions of users, including some that pay actual money for the service. Having looked at many project management tools, Trello has absolutely nailed certain aspects of the user experience that many of the others get wrong. Try pasting an…

Not quite the same right? FB is way more than a message board. And even back then when they were just a MB, they had millions of users in no-time.

Post by jobu » Mon, Jan 09, 2017, 4:13 PM UTC

throwaway5752 wrote: post #104

joemaller1 wrote: post #62

I'm a big fan of Trello but I dread using Atlassian products. I do not have a good feeling about this. Hopefully Atlassian can learn from what makes Trello so wonderful instead of JIRA-ifying it into oblivion.

Funny how much opinions can differ. I've used them both professionally and I think Trello scales poorly above 5-10 people while Jira is the least-worst option for running a project at any team size.

Post by [deleted] » Mon, Jan 09, 2017, 4:14 PM UTC

Kiro wrote: post #81

daxelrod wrote: post #67

Earlier quoted context omitted.

Fog Creek's model tends to involve spinning off their runaway hits into separate companies. They've done this with StackOverflow and Trello. Trello has been an independent company since 2014. (Although I'm not sure what kind of ownership position Fog Creek had).

Why would Fog Creek give away any ownership?

Post by dkrich » Mon, Jan 09, 2017, 4:16 PM UTC

calcsam wrote: post #150

alberth wrote: post #149

This is a great acquistion for both parties. 1. Trello was smart in only taking $10M in VC funding [1]. This allows for a 40x return for it's investors. If Trello were like many other startups, they probably would have taken too much VC money and got themselves in a situation where the VC wouldn't sell unless it was $2B+. 2. Atlassian now has a product that is loved by many developers and business people alike. It wi…

$10M in funding implies a valuation of $50-100M, which means a 4-8x return not a 40x return.

Post by equalarrow » Mon, Jan 09, 2017, 4:18 PM UTC

bhouston wrote: post #29

hashkb wrote: post #17

Earlier quoted context omitted.

What does this have to do with h GitHub?

JIRA + Bitbucket (and now + Trello) is a very effective competitor to Github among enterprise companies. Github's issue tracker sort of sucks and this hurts it tremendously -- I know as I live with that shitty issue tracker in an enterprise situation.