3 ms·
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
by ryaniscool 4y ago
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/Atlassian-Co-CEOs-Adopt-New-10b5-1-Trading-Plans https://www.businesswire.com/news/home/20220527005335/en/Atl...
[1] https://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States https://en.wikipedia.org/wiki/List_of_recessions_in_the_Unit...
- idontpost 4y agoI 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.
- mayama 4y agoEasy 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.
- jacobr1 4y agoAlso the low interest environment was unusual. We could have very easily have a booming market with much higher rates. Just look at the 90s.