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A comment on No Venture Capital Needed, or Wanted. Parent comment
The Atlassian guys bootstrapped to $60M/year in revenue (in 2010).
The money will be used to give some liquidity to the founders and employees, expand its product portfolio, and possibly acquire other startups.[1]
There are plenty of other posts around where MCB talks about how the capital let them pay bonuses for early employees etc.
[1] http://techcrunch.com/2010/07/14/atlassian-accel-60-million/
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The Atlassian guys bootstrapped to $60M/year in revenue (in 2010).
The money will be used to give some liquidity to the founders and employees, expand its product portfolio, and possibly acquire other startups.[1]
There are plenty of other posts around where MCB talks about how the capital let them pay bonuses for early employees etc.
[1] http://techcrunch.com/2010/07/14/atlassian-accel-60-million/