> Atlassian has somehow become the Benjamin Button of the tech sector — profitable as a startup and loss making as it has matured.

They where profitable, they didn’t need funding the only funding they took was for staff to sell some of the equity.

Them now making a loss I think is more a deliberate choice, not a business failure. They could of continued as they where making $$$ but instead choose to go from 700 people at ipo to near 7k today for pretty much the same product suite.

Those 7k people have to be working on a lot of stuff behind the scenes, building on existing products and maybe yet to be released products. Atlassian always said they where big on long term investment. I’m sure they could be profitable if they wanted but then would need to massively cut the long term investment.

I’m not to worried about Atlassian. Every large org I worked at is run off Jira. I do regret not selling a small parcel of TEAM at the end of last year though when it was over $440usd a share