Acquired

Episode 47: The Atlassian IPO


Listen Later

Ben & David venture to the land down under (and reunite in-person!) to tell the story of the granddaddy of all bootstrapped tech success stories, collaboration software company Atlassian. How did two plucky college grads from Sydney, Australia go from just trying to escape working for the man to becoming two of the top 10 wealthiest people in the entire country, all without raising a dollar of venture capital? We dive in.

Sponsors:

Rippling: https://bit.ly/acquiredrippling
Statsig: https://bit.ly/acquiredstatsig25
Odd Lots: https://bit.ly/acquiredoddlots
ServiceNow: https://bit.ly/acquiredsn


More Acquired!

  • Get email updates with hints on next episode and follow-ups from recent episodes
  • Join the Slack
  • Subscribe to ACQ2
  • Merch Store!

© Copyright 2015-2025 ACQ, LLC


Topics Covered Include:

  • How Atlassian founders Mike Cannon-Brookes and Scott Farquhar met in college at the University of New South Wales in Sydney, Australia, and their decision to bootstrap a startup as an alternative to finding a “real job” after graduation
  • Atlassian’s “no sales” model, and the resultant efficiency of their sales & marketing spend relative to other SAAS companies 
  • Organic product growth and acquisitions over the years, starting with Jira and later adding Confluence, BitBucket, HipChat / Stride, Jira Service Desk and Trello
  • Rapid revenue growth and the decision to continue as a bootstrapped company, only raising secondary capital prior to going public
  • The IPO in November 2015 and subsequent stock performance (spoiler: it’s been good) 

The Carve Out:

  • Ben: Phil Knight’s memoir,  Shoe Dog
  • David: Bruce Springsteen memoir,  Born to Run
...more
View all episodesView all episodes
Download on the App Store

AcquiredBy Ben Gilbert and David Rosenthal

  • 4.7
  • 4.7
  • 4.7
  • 4.7
  • 4.7

4.7

4,143 ratings


More shows like Acquired

View all
This Week in Startups by Jason Calacanis

This Week in Startups

1,285 Listeners

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch by Harry Stebbings

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

532 Listeners

Odd Lots by Bloomberg

Odd Lots

1,933 Listeners

The a16z Show by Andreessen Horowitz

The a16z Show

1,093 Listeners

How I Built This with Guy Raz by Guy Raz | Wondery

How I Built This with Guy Raz

30,187 Listeners

Invest Like the Best with Patrick O'Shaughnessy by Colossus | Investing & Business Podcasts

Invest Like the Best with Patrick O'Shaughnessy

2,359 Listeners

Founders by David Senra

Founders

2,171 Listeners

Capital Allocators – Inside the Institutional Investment Industry by Ted Seides – Allocator and Asset Management Expert

Capital Allocators – Inside the Institutional Investment Industry

796 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

9,955 Listeners

Dwarkesh Podcast by Dwarkesh Patel

Dwarkesh Podcast

516 Listeners

The Memo by Howard Marks by Oaktree Capital Management

The Memo by Howard Marks

450 Listeners

Business Breakdowns by Colossus | Investing & Business Podcasts

Business Breakdowns

350 Listeners

ACQ2 by Acquired by Ben Gilbert and David Rosenthal

ACQ2 by Acquired

282 Listeners

Sharp Tech with Ben Thompson by Andrew Sharp and Ben Thompson

Sharp Tech with Ben Thompson

96 Listeners

Cheeky Pint by Stripe

Cheeky Pint

36 Listeners