4 ms·

According to Crunchbase, Atlassian has raised $210M in funding in two rounds. https://www.crunchbase.com/organization/atlassian#/entity https://www.crunchbase.

• smeyer 11y ago
  Looks like you missed part of the article: >Atlassian was founded in 2002, but it hasn't taken any outside investment. The last two funding rounds from Accel and T. Rowe Price were done to let employees sell some of their shares, and Atlassian says the cash wasn't used for operations.
• jsankey 11y ago
  But they were bootstrapped and very profitable for several years before taking any funding.
• ghuntley 11y ago
  Last two rounds were for the employees. Atlassian raised rounds to allow employees to convert equity into cash, if they so desired. Housing is very expensive in Sydney. Additionally Atlassian paid the taxation bills of their employees as well. In Australia, tax is due to be paid immediately on issuance of equity instead of the fair and reasonable benchmark of upon sale/capital gains. This has since been corrected in legislation but it excludes Atlassian as there are company age (ASIC registration less than x years old) and revenue/valuation limits. See http://generalstandards.co/blog/new-esop/ http://generalstandards.co/blog/new-esop/ for details.
  • mahyarm 11y ago
    Tax on issuance of equity is the same in the USA. Even worse you cannot use most of capital losses against your normal income taxes, just other capital gains. I think canada does it on sale only.
    • limeyx 11y ago
      Not with ISOs though in the US (except a possible AMT issue)
      • mahyarm 11y ago
        As someone who got those kind of ISOs, it doesn't take much stock to trigger that AMT tax. In practice, ISOs do not have their tax benefits in the majority of cases because of AMT.