How This Struggling Startup Got Acquired For $975 Million: 4 Key Lessons
Atlassian recently announced its plan to acquire video messaging startup Loom for $975 million. Loom was previously valued at $1.5 billion. The former unicorn joins Atlassian to create the future of work communication, aimed primarily at enterprise organizations.
Whenever a startup gets acquired like this, it’s a significant moment for the cofounders, investors, and hopefully, the employees: this is the moment they’ve all been waiting for — when their wealth “on paper” becomes liquid wealth in their pockets. Surprisingly, Atlassian says it plans to pay for the acquisition with cash on hand. Imagine having $975 million in your checking account!
It’s unclear if everybody wins from this deal or not, but nevertheless, an exit is a major milestone and a huge achievement for any startup — one that comes with lessons for entrepreneurs for their own journeys.
Welcome to Dave’s Deep Dives. I write a weekly research report in Entrepreneur’s Handbook where I get personally obsessed with a company, a founder, or an idea and hunt for the deeper insights and best takeaways to share with you.
