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Comment by tiffanyh | Hacker News Reader

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tiffanyh·

The author co-founded Loom [0], which was acquired by Atlassian a year ago ~$1B.

If the insights are correct, each cofounder netted ~$56M [1]

[0] https://vinay.sh

[1] https://www.cbinsights.com/research/loom-valuation-investor-...

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Serious question, but how exactly does Atlassian hope to recoup that billion dollars?

Loom is useful, but given that Atlassian's investors are expecting a large return, do they really hope a screen recorder to eventually add 2B+ dollars to their value? The AI features will eventually be commoditized, so that can't act as a moat.

It will integrate with their other products and add value through lock in. Same as all of their other acquisitions. Atlassian is all about building an ecosystem so valuable you don't even want to escape.

it's not just the screen recorder: it's also the large userbase, the corporate connections, and the IP. if the stock goes up a few percent that alone covers the purchase

They had this as an internal product within Google. I liked it as part of their lab 120 division. They ended up killing it :(

Who is "they" in your comment?

Do you mean the Loom cofounders are ex-Googlers?

So after taxes, around $35 million? Still a lot

California, so slightly less than half, so ~28ish.

60M, enough to start another startup and do it all again

And potentially lose it all and actually regain the purpose, as you now need to grind again!

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