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Atlassian's funding wasn't typical VC growth money either. The first round was taken off the table by the founders and was primarily a mechanism to get board me
by wwalser 10y ago
Atlassian's funding wasn't typical VC growth money either. The first round was taken off the table by the founders and was primarily a mechanism to get board members in preparation for a US based IPO. They also took a second round, 100% of which which went to early employees in the form of a secondary market sale for stock options.