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Atlassian is acquiring The Browser Company

(www.cnbc.com)
520 points kevinyew | 1 comments | 04 Sep 25 12:12 UTC | HN request time: 0.562s | source
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thor-rodrigues ◴[04 Sep 25 16:27 UTC] No.45129033[source]▶
I’m not sure whether I find it more worrisome or fascinating that we live in a world where a company that, as far as I know, has never generated a single dollar in revenue has managed to exist for over five years, employ more than 100 people, and still get acquired for this amount.

This isn’t criticism or sarcasm — I’m genuinely impressed, but also very curious about the rationale behind it.

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porridgeraisin ◴[04 Sep 25 16:36 UTC] No.45129136[source]▶
Atlassian essentially got a big fairly locked-in userbase that they will now squeeze using their existing proven mechanisms. Oh and they probably got a few free competent developers without needing to go through an expensive hiring process.

All told, probably worth 610M.

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1. gniting ◴[04 Sep 25 17:05 UTC] No.45129494[source]▶
Browser users are not (by default) Atlassian ICPs so IMO there's zero lock-in. I am going to most likely change my browser very shortly because I don't see Atlassian building out Arc. TBC raised $50M, they and their investors got a good return in a short amount of time. This chapter is now closed.