> Atlassian’s prospectus noted that in 2015 the business grew by 48%, around double this year’s growth. If Atlassian is 20 years old now, that means it was ove

> Atlassian’s prospectus noted that in 2015 the business grew by 48%, around double this year’s growth. If Atlassian is 20 years old now, that means it was over 10 years old (~13) then. Atlassian was an enterprise service company at that point already. What kind of enterprise service company can be expected to maintain a 50% year-over-year growth for nearly a decade? If that's "around double this year's growth" that means they're still growing by 20-25%. That's impressive. I'm not saying the valuation correction is wrong or that the claims they're unprofitable are unfair, I'm wondering what made anyone think they'd perform better than they have in terms of growth if that growth is already impressive. They sell enterprise services ffs and they're the gold standard outside e.g. Sharepoint. Maybe the problem isn't their growth rate itself, but attempting to build the business model on an unrealistic growth rate.