Thursday, December 10, 2015

Atlassian IPO Has Silicon Valley Talking | Re/code

Behold a unicorn that has been profitable for the last decade

"Reuters’ Heather Somerville says Atlassian’s IPO could open the market for more unicorn tech IPOs, and the Wall Street Journal’s Telis Demos cites analysts and investors who largely describe Atlassian as a rarity in a weak software IPO market that could have stayed private if it wanted to.

Benchmark Capital general partner Bill Gurley has said that the proliferation of billion-dollar startups is a sign of a “speculative and unsustainable” period in Silicon Valley, and wants these companies to test their mettle in the public market. Gurley, who never misses an opportunity to call unicorns overvalued, tweeted out the Reuters piece, adding, “All profitable unicorns, head to the exit! Oh wait … are there others?”"
Atlassian IPO Has Silicon Valley Talking | Re/code
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