This feels so far afield from Notion’s strategy that I doubt it. Notion already has a desktop client that people can keep open all day that acts as a B2B interface.
> 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 think they were just afraid that Notion was going to buy TBC
This feels so far afield from Notion’s strategy that I doubt it. Notion already has a desktop client that people can keep open all day that acts as a B2B interface.
I feel like there's almost no way this changes Atlassian's energy or almost anything meaningful.
That’s a pretty good feeling.
> 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).
Agree. The founder energy thing won’t work for too long, but they do seem mission committed so 🤷♂️
Statsig founder worked for Fidji at Facebook so Atlassian had no chance and the valuation at OpenAI is 10x greater on the private market right now.