4 ms·

True, but it is not unheard of for a software company. In fact, it's expected. Hence the valuations for software vendors compared to manufacturing, retail, etc.

• mbesto 4y ago
  I think we're in agreement here then, the valuations follow the fact that these companies can operationally grow much quicker than others.
  • dalbasal 4y ago
    Sure, they have. So, they certainly can. The question for Atlassian is how fast. 20-30% doesn't get you to a justification for Atlassian's peak value. It doesn't inspire "the next Microsoft" vibes. Maybe after 10-15 years of growth at this rate, it would... but the market's not paying these prices for that. Atlassian becomes an acquisition target if stock prices reflect a 20% rate of growth.
    • vladich 4y ago
      Since founders hold ~90% voting power combined, no, it's not gonna become an acquisition target.