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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: 0s | 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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darth_avocado ◴[04 Sep 25 16:54 UTC] No.45129368[source]▶
There are some businesses that are simply not viable without losing money first. SpaceX cannot generate revenue until it first employs hundreds of people for a few years (maybe a decade) where they focus on building what will eventually bring revenue. Software has those problems too.
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anon191928 ◴[04 Sep 25 17:12 UTC] No.45129608[source]▶
yeah and what makes them different compared to half baked fraud startups with no revenue ? most of the world would not believe that they will bring revenue in years?
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1. numbsafari ◴[04 Sep 25 18:15 UTC] No.45130395[source]▶
Pedigree of the team and a believable project plan.

Often times money will be raised at certain valuation and terms, but the cash is held in escrow (effectively) until milestones are hit.

The investors will do their due diligence on the feasibility. It’s a high stakes, high return game (if you succeed). Look around you… any physical device you see is basically funded the same way.