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Comment by AznHisoka | Hacker News Reader

Is 16B really too high of a valuation when Atlassian is double the market cap at 32B? Both have similar products (collaboration/productivity) and are extremely sticky.

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Atlassian has a wider suite of products. I would say HipChat is the Slack alternative. Slack has nothing like Jira, BitBucket, or Trello. And Atlassian is more developer centric whereas Slack is monetizing enterprise users.

HipChat is dead. Atlassian threw in the towel and partnered with Slack for messaging.

Didn’t know about this. Thanks for filling me in.

HipChat is awful, and only an alternative in a very charitable sense of that word.

> Slack has nothing like Jira, BitBucket, or Trello.

And thank goodness for that, because those are awful as well.

Trello is a decent product! (but not created by Atlassian)

Jira I've always hated... gawd. Just something about the way it does thing... so complicated. Hated that product.

BitBucket is what it is - almost never used the web interface.

Confluence is their other product... also not great and just a bit annoying to use for some reason.

Actually hipchat was quite nice to use, fast and responsive for awhile, and I loved some of their built in emoticons. I think they didn't really maintain it and keep it up to date with the competition.

Atlassian was already profitable weren’t they?

There’s a disclaimer these unicorns put in their S1s - “we are not profitable and may never be” - Atlassian probably didn’t have to do that.

That should count for something right?

That disclaimer is as old as dirt. I saw a company that sent public in 1960 had the same. Won't be surprised if Atlassian had the same.

Atlassian was profitable for well over a decade before the IPO.

Atlassian is profitable and has been from the beginning. It was bootstrapped.

I'm getting downvoted, but here it is directly from This is from Atlassian s1 filing, this is standard disclaimer.

"We may not be able to sustain our revenue growth rate or maintain profitability in the future."

https://www.sec.gov/Archives/edgar/data/1650372/000155837015...

Atlassian products are more mission-critical. Most companies actually need some tool that does what Jira or Bitbucket does. They don't really need Slack.

Do you use Slack?

You don't think it's Mission Critical?

I've worked at companies both with and without Slack. Something like Slack might be mission critical for a remote-first company, but comparing the two situations, I've actually noticed better communication without Slack than with it.

We use slack at the three companies I currently work on and it's mostly a distraction and a place to quickly share files. It's good for some shared notifications. My most active slack is one I have with friends.

People where I work would much rather give up Jira instead of slack.

Slack has a broader userbase inside enterprises.

Do you have a citation on that? My experience is the other way around.

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