Atlassian is 20 years old and unprofitable

Re:Atlassian is 20 years old and unprofitable by ryanackley on Thursday June 30, 2022 @11:26AM (#31933781)

Few counterpoints:

- Your entire theory relies on VCs having some power over decisions being made at Atlassian. That isn't the case. The founders of Atlassian have always been in control. After taking VC money and going public, they still have over 80% of the voting shares [0].

- A downturn of 5+ years would be the longest downturn in the USA in the last 100 years [1]. Anything is possible but it's unlikely to be that bad.

[0] https://www.businesswire.com/news/home/20220527005335/en/Atl...

[1] https://en.wikipedia.org/wiki/List_of_recessions_in_the_Unit...

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Re:Atlassian is 20 years old and unprofitable by idontpost on Thursday June 30, 2022 @12:44PM (#31935152)

I think you're using "downturn" differently.

GDP contraction won't last five years. But it will be longer than the GDP contraction before VC money becomes as easy as it was for the last five years.

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Re:Atlassian is 20 years old and unprofitable by mayama on Thursday June 30, 2022 @02:06PM (#31936212)

Easy money being available after five years is also uncertain. With covid shock, then global sanction following Russian invasion, and deglobalization following in the wake of these two events, global economy is faces serious uncertainty in coming years.

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Re:Atlassian is 20 years old and unprofitable by jacobr1 on Thursday June 30, 2022 @03:13PM (#31937170)

Also the low interest environment was unusual. We could have very easily have a booming market with much higher rates. Just look at the 90s.

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