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20VC: Atlassian Co-Founder Scott Farquhar on The Biggest Lessons Scaling Atlassian to $50BN Market Cap; The Four Roles of the CEO, The Funding Round That Net Accel $6BN, The Regrets of Omission and Commission & The Honeymoon Cut Short
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
Early days of starting the company and debunking startup myths
In a conversation, the speaker reflects on the early days of Atlassian and their decision to bootstrap the company without raising venture capital. They credit their success to the unique environment at the time, where startups could thrive without extensive funding. They also discuss the possibility of bootstrapping in today's startup landscape, emphasizing the importance of finding niche markets with less competition. They debunk the myth that startups are glamorous and highlight the challenges and failures that many startups face. Overall, they emphasize the importance of adapting to the changing startup ecosystem and dispelling common misconceptions.
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