4 ms·

The article talks about this. The problem is that growth is not there. What you're left is a company with 8000 employees and a system to problematic to change.

The article talks about this. The problem is that growth is not there. What you're left is a company with 8000 employees and a system to problematic to change. With the recession incoming, the time for free money is over and tech startups are bound for a correction. I'd sell or get ready to wait 10-20 years. Even in the wait scenario, you're basically hoping that a huge corporation will transform itself and rediscover their startup roots - which is not likely to happen. It happened with Mashape (sold their unprofitable marketplace to the RapidAPI people - geez, what a bad deal, it was painful to watch) and they managed to reinvent themselves with Kong. They literally did a bunch of experiments and went on with what succeeded, ignoring their main, flawed, business model. That's what companies should do to chase success, they need to act like venture incubator, don't bother their teams with corporate BS and hope one of their teams will succeed. If they behave like mammoth corporations they're doomed to fail.

threeseed 4y ago
Atlassian grew 30% last quarter compared to previous year. https://investors.atlassian.com/news/news-details/2022/Atlassian-Announces-Third-Quarter-Fiscal-Year-2022-Results/default.aspx https://investors.atlassian.com/news/news-details/2022/Atlas... And their typical customers are the least exposed to recessions i.e. medium to large companies who are making software purchasing decisions for the long term.
- pluc 4y ago
  Given their recent outage (that was this quarter right?) that is bonkers.
  - calebj0seph 4y ago
    The outage was pretty bad but it only affected 0.4% of customers. Not surprising that it didn't materially impact revenue.
    - pluc 4y ago
      It didn't scare new customers away is what I find surprising. That outage lasted over a week and data was lost/inaccessible..
astrange 4y ago
Atlassian isn't a US company, and if the US is going to have a recession (which I think is doubtful), Australia certainly has a good record on avoiding them.
- asdajksah2123 4y ago
  Atlassian's largest source of income is almost certainly the US. And even if Australia is unaffected by an American recession, much of Europe, and much of Asia won't be (especially with China's growth slowing down). Which brings me to my second point, which is the only reason Australia was able to avoid a US recession was selling itself to China, something which it is politically unlikely to do so anymore (although I'm not up to date on the new PM's China policy) and anyways, China may not have the capacity or willingness to support Australia anymore.
- steveBK123 4y ago
  Australia recessions are uncorrelated with US due to mining and other raw materials exports being a huge share of their economy... especially selling those materials to China. I doubt miners are big Jira users. US tech companies who are cratering right now though...
  - geodel 4y ago
    Ah, thats a big opportunity for some Agile consultants there. I see if few of those end up mines that would be epic for consultants but just another story for miners.
    - steveBK123 4y ago
      Sometimes I think software engineers are the only people passive enough to allow ourselves to be managed by agile tyrants. Most other industries you’d probably have the workers unionize or murder the agile coaches, lol.
      - astrange 4y ago

threeseed 4y ago

Atlassian grew 30% last quarter compared to previous year. https://investors.atlassian.com/news/news-details/2022/Atlassian-Announces-Third-Quarter-Fiscal-Year-2022-Results/default.aspx https://investors.atlassian.com/news/news-details/2022/Atlas... And their typical customers are the least exposed to recessions i.e. medium to large companies who are making software purchasing decisions for the long term.

pluc 4y ago
Given their recent outage (that was this quarter right?) that is bonkers.
- calebj0seph 4y ago
  The outage was pretty bad but it only affected 0.4% of customers. Not surprising that it didn't materially impact revenue.
  - pluc 4y ago
    It didn't scare new customers away is what I find surprising. That outage lasted over a week and data was lost/inaccessible..

astrange 4y ago

Atlassian isn't a US company, and if the US is going to have a recession (which I think is doubtful), Australia certainly has a good record on avoiding them.

asdajksah2123 4y ago
Atlassian's largest source of income is almost certainly the US. And even if Australia is unaffected by an American recession, much of Europe, and much of Asia won't be (especially with China's growth slowing down). Which brings me to my second point, which is the only reason Australia was able to avoid a US recession was selling itself to China, something which it is politically unlikely to do so anymore (although I'm not up to date on the new PM's China policy) and anyways, China may not have the capacity or willingness to support Australia anymore.
steveBK123 4y ago
Australia recessions are uncorrelated with US due to mining and other raw materials exports being a huge share of their economy... especially selling those materials to China. I doubt miners are big Jira users. US tech companies who are cratering right now though...
- geodel 4y ago
  Ah, thats a big opportunity for some Agile consultants there. I see if few of those end up mines that would be epic for consultants but just another story for miners.
  - steveBK123 4y ago
    Sometimes I think software engineers are the only people passive enough to allow ourselves to be managed by agile tyrants. Most other industries you’d probably have the workers unionize or murder the agile coaches, lol.
    - astrange 4y ago