4 ms·

$1.5B for a screen recorder

by candiddevmike 3y ago

a1o 3y ago
I thought it was a point and click game
- organsnyder 3y ago
  Ask me about it!
  - herman_toothrot 3y ago
    Is it more than 20 bucks?
    - organsnyder 3y ago
      Of course not! No one should spend more than 20 bucks for a computer game!
  - bentcorner 3y ago
    So, tell me about LOOM
    - organsnyder 3y ago
      You mean the latest masterpiece of fantasy storytelling from Lucasfilm's™ Brian Moriarty™? Why, it's an extraordinary adventure with an interface of magic, stunning, high-resolution, 3D landscapes, sophisticated score and musical effects. Not to mention the detailed animation and special effects, elegant point 'n' click control of characters, objects, and magic spells. Beat the rush! Go out and buy Loom™ today!
codegeek 3y ago
Reminds me of the infamous dropbox comment :)
- lopkeny12ko 3y ago
  Even after more than a decade, I still don't see what the "infamous dropbox comment" fundamentally gets wrong. 1. Why would I want to host my sensitive data on someone else's servers instead of my own servers and storage hardware? 2. Why shouldn't someone have a physical media backup for time-urgent, sensitive files? Last I was in school, if I had a final presentation, I would absolutely store it both on a hypothetical cloud storage volume and a backup on a thumb drive. If I were still in school today I'd do the same thing. Would you really risk your final course grade on the possibility that Dropbox is down when you are up to present? And nevermind the arbitrary and random account suspensions that all SaaS providers are infamous for (looking at you, Google).
  - runako 3y ago
    The answers to your questions are in relative market sizes. Yes, there are millions of people who agree with your two points. There are also millions of people who disagree. (The second set is likely much larger than the first point, but that doesn't matter.) Millions of people is frequently a market.
  - tehbeard 3y ago
    Your arguments are not related at all to the original infamous comment. Your points are valid ones about data privacy, and redundancy of important data. And how Joe public doesn't seem to notice those. The original infamous comment dismissed a tool that made a task easier for regular users because the server nerd says: "I can build it in my shed out of rsync and bash using a server I maintain, why should I use this?".
threeseed 3y ago
Screen recorder used by 200,000 customers many of which will be enterprise. That's what Atlassian is paying for. The ability to cross-sell.
- svnt 3y ago
  Yep. Given the multiple we can safely assume the growth has leveled off, and Atlassian will say they can use their channel to reinitiate growth. Maybe they are right. Or maybe it ends up in the junk drawer. Either way they captured a potential next generation competitor for a relatively low cost to them.
- wg0 3y ago
  5000 Dollars per customer. Interesting.
ToucanLoucan 3y ago
When both major operating systems now include native screen recording out of the box. checks website Oh yes they put AI which is actually ML in it. Hence the money. Yep just keep pumping that bubble I'm sure it'll work this time...
dewey 3y ago
Let me guess, you could build it in a weekend? It's obviously more than about the video recording tech. Compliance, team permissions, sales, enterprise contracts and making it work on all devices are not trival.
- j45 3y ago
  Most recently there was a bombshell around being able to record a tab with some new security features making it much harder.
dartos 3y ago
And the infrastructure around storing and distributing those videos. Along with existing integrations into other enterprise software (like confluence, jira, and zoom) The compliance work for storing and distributing this data is already done. The staff of experts that don’t need to be sourced by recruiters. The new ability to prevent sites like Monday from integrating with it. Not to mention the existing loom customers. Reducing an entire company down to the simplest form of their product and comparing that to the price of the company is kind of dumb.
- j45 3y ago
  It’s ok if it’s just a screen recorder. Creating a video service where uploading the video includes next to no waiting is not trivial. That would be hard enough to build at this scale for the OP and most people. There hasn’t been one like it before.
- the8472 3y ago
  JIRA already had attachments. Win+G, drag & drop
- game_the0ry 3y ago
  I gave you an upvote bc I mostly agree, but as a counterpoint... Atlassian is a big company that is successful at what they do, bigger than Loom and presumably with more resources. So I am confident they could have just copied Loom's business model and maybe even implemented better to fit their needs, since they have staff in place. It would certainly involve staffing up where needed, but I think they could have pulled it off and saved money. Also, with an acquisition, now they ave to integrate Loom into the broader Atlassian org, which wont be trivial. So there are legit trade-offs with an acquisition. That being said, spending $1B on a acquisition also saves time.
  - codegeek 3y ago
    It's not just about saving time. Acquisitions like these also help companies like Atlassian increase brand value because Loom is extremely popular and is a great product. Now Atlassian gets to claim all of that under their brand.
j45 3y ago
That’s just the first building block.
runako 3y ago
Wait until you find out how much Microsoft's flagship text editor is worth.
squokko 3y ago
$1.5B for a screen recorder with customers
dang 3y ago
We detached this subthread from https://news.ycombinator.com/item?id=37856974 https://news.ycombinator.com/item?id=37856974.

$1.5B for a screen recorder

a1o 3y ago

I thought it was a point and click game

organsnyder 3y ago
Ask me about it!
- herman_toothrot 3y ago
  Is it more than 20 bucks?
  - organsnyder 3y ago
    Of course not! No one should spend more than 20 bucks for a computer game!
- bentcorner 3y ago
  So, tell me about LOOM
  - organsnyder 3y ago
    You mean the latest masterpiece of fantasy storytelling from Lucasfilm's™ Brian Moriarty™? Why, it's an extraordinary adventure with an interface of magic, stunning, high-resolution, 3D landscapes, sophisticated score and musical effects. Not to mention the detailed animation and special effects, elegant point 'n' click control of characters, objects, and magic spells. Beat the rush! Go out and buy Loom™ today!

codegeek 3y ago

Reminds me of the infamous dropbox comment :)

lopkeny12ko 3y ago
Even after more than a decade, I still don't see what the "infamous dropbox comment" fundamentally gets wrong. 1. Why would I want to host my sensitive data on someone else's servers instead of my own servers and storage hardware? 2. Why shouldn't someone have a physical media backup for time-urgent, sensitive files? Last I was in school, if I had a final presentation, I would absolutely store it both on a hypothetical cloud storage volume and a backup on a thumb drive. If I were still in school today I'd do the same thing. Would you really risk your final course grade on the possibility that Dropbox is down when you are up to present? And nevermind the arbitrary and random account suspensions that all SaaS providers are infamous for (looking at you, Google).
- runako 3y ago
  The answers to your questions are in relative market sizes. Yes, there are millions of people who agree with your two points. There are also millions of people who disagree. (The second set is likely much larger than the first point, but that doesn't matter.) Millions of people is frequently a market.
- tehbeard 3y ago
  Your arguments are not related at all to the original infamous comment. Your points are valid ones about data privacy, and redundancy of important data. And how Joe public doesn't seem to notice those. The original infamous comment dismissed a tool that made a task easier for regular users because the server nerd says: "I can build it in my shed out of rsync and bash using a server I maintain, why should I use this?".

threeseed 3y ago

Screen recorder used by 200,000 customers many of which will be enterprise. That's what Atlassian is paying for. The ability to cross-sell.

svnt 3y ago
Yep. Given the multiple we can safely assume the growth has leveled off, and Atlassian will say they can use their channel to reinitiate growth. Maybe they are right. Or maybe it ends up in the junk drawer. Either way they captured a potential next generation competitor for a relatively low cost to them.
wg0 3y ago
5000 Dollars per customer. Interesting.

ToucanLoucan 3y ago

When both major operating systems now include native screen recording out of the box. checks website Oh yes they put AI which is actually ML in it. Hence the money. Yep just keep pumping that bubble I'm sure it'll work this time...

dewey 3y ago

Let me guess, you could build it in a weekend? It's obviously more than about the video recording tech. Compliance, team permissions, sales, enterprise contracts and making it work on all devices are not trival.

j45 3y ago
Most recently there was a bombshell around being able to record a tab with some new security features making it much harder.

dartos 3y ago

And the infrastructure around storing and distributing those videos. Along with existing integrations into other enterprise software (like confluence, jira, and zoom) The compliance work for storing and distributing this data is already done. The staff of experts that don’t need to be sourced by recruiters. The new ability to prevent sites like Monday from integrating with it. Not to mention the existing loom customers. Reducing an entire company down to the simplest form of their product and comparing that to the price of the company is kind of dumb.

j45 3y ago
It’s ok if it’s just a screen recorder. Creating a video service where uploading the video includes next to no waiting is not trivial. That would be hard enough to build at this scale for the OP and most people. There hasn’t been one like it before.
the8472 3y ago
JIRA already had attachments. Win+G, drag & drop
game_the0ry 3y ago
I gave you an upvote bc I mostly agree, but as a counterpoint... Atlassian is a big company that is successful at what they do, bigger than Loom and presumably with more resources. So I am confident they could have just copied Loom's business model and maybe even implemented better to fit their needs, since they have staff in place. It would certainly involve staffing up where needed, but I think they could have pulled it off and saved money. Also, with an acquisition, now they ave to integrate Loom into the broader Atlassian org, which wont be trivial. So there are legit trade-offs with an acquisition. That being said, spending $1B on a acquisition also saves time.
- codegeek 3y ago
  It's not just about saving time. Acquisitions like these also help companies like Atlassian increase brand value because Loom is extremely popular and is a great product. Now Atlassian gets to claim all of that under their brand.

j45 3y ago

That’s just the first building block.

runako 3y ago

Wait until you find out how much Microsoft's flagship text editor is worth.

squokko 3y ago

$1.5B for a screen recorder with customers

dang 3y ago

We detached this subthread from https://news.ycombinator.com/item?id=37856974 https://news.ycombinator.com/item?id=37856974.