What-if certainty 3/5 debate potential 3/5

Farquhar says raising Silicon Valley capital would have made Atlassian less disruptive

Scott Farquhar · Atlassian: Mike Cannon-Brookes and Scott Farquhar · Feb 8, 2021 · at 30:28

Scott Farquhar, co-founder of Atlassian, explains how bootstrapping in Australia rather than taking Silicon Valley venture capital forced their unique low-touch sales model.

0:00 / 0:12exact quote · 12.4s
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“I really think if we had grown up in Silicon Valley and had venture capital around us, that we would have built a very different company that wouldn't have been as disruptive as ours has been because we didn't have venture capital.”

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More from Scott Farquhar

Opinion
Farquhar claims starting in Australia is the only reason Atlassian became successful
“Starting Alassian in Australia is the only reason we're successful.”
Scott Farquhar Feb 8, 2021 ▶ 1:04:42 Atlassian: Mike Cannon-Brookes and Scott Farquhar
Disclosure
Farquhar and Cannon-Brookes originally just wanted a $48,500 salary without wearing suits
“The thesis was if we can earn 48,500 dollars and not have to wear a suit to work and a tie to work and work with, you know, kind of average people, then, you know, we've won.”
Scott Farquhar Feb 8, 2021 ▶ 19:31 Atlassian: Mike Cannon-Brookes and Scott Farquhar
Assertion Not checkable as stated
Atlassian's first shareholder agreement designated rock-paper-scissors to resolve founder disputes
“And we put in Rochambeau or rock, paper, scissors into our shareholders agreement. And so it's changed now. We're a public company. We can't solve problems like that anymore. But you know, for the first few years, if we disagreed it would have ended up at rock…”
Scott Farquhar Feb 8, 2021 ▶ 24:38 Atlassian: Mike Cannon-Brookes and Scott Farquhar
Disclosure
Atlassian co-founders paid themselves just $300 weekly for their first two years
“We didn't pay ourselves for a long time, and even after that, I think we paid ourselves 300 dollars a week for the first two years, so we were relatively inexpensive.”
Scott Farquhar Feb 8, 2021 ▶ 32:56 Atlassian: Mike Cannon-Brookes and Scott Farquhar
Assertion Not checkable as stated
Farquhar notes Atlassian bought early Google AdWords for 10 to 20 cents
“Things that would now cost you 10 or 20 dollars for a click would cost us 10 or 20 cents, and I always wish we had more money to spend on that.”
Scott Farquhar Feb 8, 2021 ▶ 38:20 Atlassian: Mike Cannon-Brookes and Scott Farquhar
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