The Crucible Moments of Atlassian's History

Speaker 2
When you look back at lasting today's $40 billion that I think ish doing what, two and a half, $3 billion in revenue, something like
Speaker 1
that. Yeah. So
Speaker 2
what moments just stand out in your memory of it could be the hip chat Slack thing, it could be, I don't know, the Excel round, like what are sort of the things you look back on as the crucible moments or the just things that as you remember your time there and it could be the dodgeball tournaments or whatever it is. But like, what are the ones that sort of stand out in your mind either either because they were super important to the business trajectory, or they were super meaningful to the
Speaker 1
culture. I mentioned one, but I mentioned in the global financial crisis that starter lessons program that we launched, I think was a crucible moment. And it just kind of widened the aperture on the consideration part of our funnel. But it was tough. It was not an easy decision, the right one. I think divesting hip chat was a big one. By the way, one of my favorite, maybe I've told this story before, but one of Atlassian's values is open company, Bullshit. Everybody in the company, we made an insider post going public because of the way that we are transparent in the company. And there's always sort of tension where you're worried that you may break. Like the thing that you're entrusting the population with might be too much for them. And when we divested hip chat, three weeks before we shared that news on a earnings call, we told 3,500 employees. And with a high probability that that would leak, like intentional decision leadership, we're like, this could be the thing that actually breaks the value. And we're always going to pressure test it. We want to see like, we'll do it until it breaks and then we'll figure out what we need to do afterwards.

EP 64: Jay Simons (GP, BOND Capital) On How Product-Led Growth Turned Atlassian into a $40B Company

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