> Are they hoping that some of that founder mode energy rubs off on the rest of the company?
I don't think founder mode is realistic. Atlassian acquires a lot of founders (23 companies so far), but they mostly end up leaving (there is a strong acquired alumni group) -- Loom (some of the few that stayed), StatusPage, etc. They also do a lot of investing and dont seem to be a place where founders thrive.
My guess is this acquisition is an expansion play for this new potential category. But $600M+ seems way too high for that alone. (10% gain on their last raise). They'll toss ~2M users from Dio and Arc into the Atlassian release within the next 6 months and expand it as an upsell to all their current enterprise customers.
In related news, I'm surprised they lost (or didnt even go after) StatSig--which is in their core product category--but those founders might not have wanted to go to Atlassian since that one seems like it's more of an acquihire than anything else (sold at the same valuation as their last round—now leading some core OpenAI departments for the landing).
> Are they hoping that some of that founder mode energy rubs off on the rest of the company?
I don't think founder mode is realistic. Atlassian acquires a lot of founders (23 companies so far), but they mostly end up leaving (there is a strong acquired alumni group) -- Loom (some of the few that stayed), StatusPage, etc. They also do a lot of investing and dont seem to be a place where founders thrive.
My guess is this acquisition is an expansion play for this new potential category. But $600M+ seems way too high for that alone. (10% gain on their last raise). They'll toss ~2M users from Dio and Arc into the Atlassian release within the next 6 months and expand it as an upsell to all their current enterprise customers.
In related news, I'm surprised they lost (or didnt even go after) StatSig--which is in their core product category--but those founders might not have wanted to go to Atlassian since that one seems like it's more of an acquihire than anything else (sold at the same valuation as their last round—now leading some core OpenAI departments for the landing).
I feel like there's almost no way this changes Atlassian's energy or almost anything meaningful.