I gave you an upvote bc I mostly agree, but as a counterpoint...
Atlassian is a big company that is successful at what they do, bigger than Loom and presumably with more resources. So I am confident they could have just copied Loom's business model and maybe even implemented better to fit their needs, since they have staff in place. It would certainly involve staffing up where needed, but I think they could have pulled it off and saved money. Also, with an acquisition, now they ave to integrate Loom into the broader Atlassian org, which wont be trivial.
So there are legit trade-offs with an acquisition.
That being said, spending $1B on a acquisition also saves time.
It's not just about saving time. Acquisitions like these also help companies like Atlassian increase brand value because Loom is extremely popular and is a great product. Now Atlassian gets to claim all of that under their brand.
Yep. Given the multiple we can safely assume the growth has leveled off, and Atlassian will say they can use their channel to reinitiate growth.
Maybe they are right. Or maybe it ends up in the junk drawer. Either way they captured a potential next generation competitor for a relatively low cost to them.
Let me guess, you could build it in a weekend? It's obviously more than about the video recording tech. Compliance, team permissions, sales, enterprise contracts and making it work on all devices are not trival.
Even after more than a decade, I still don't see what the "infamous dropbox comment" fundamentally gets wrong.
1. Why would I want to host my sensitive data on someone else's servers instead of my own servers and storage hardware?
2. Why shouldn't someone have a physical media backup for time-urgent, sensitive files? Last I was in school, if I had a final presentation, I would absolutely store it both on a hypothetical cloud storage volume and a backup on a thumb drive. If I were still in school today I'd do the same thing. Would you really risk your final course grade on the possibility that Dropbox is down when you are up to present? And nevermind the arbitrary and random account suspensions that all SaaS providers are infamous for (looking at you, Google).
The answers to your questions are in relative market sizes. Yes, there are millions of people who agree with your two points. There are also millions of people who disagree. (The second set is likely much larger than the first point, but that doesn't matter.) Millions of people is frequently a market.
Your arguments are not related at all to the original infamous comment.
Your points are valid ones about data privacy, and redundancy of important data. And how Joe public doesn't seem to notice those.
The original infamous comment dismissed a tool that made a task easier for regular users because the server nerd says: "I can build it in my shed out of rsync and bash using a server I maintain, why should I use this?".
You mean the latest masterpiece of fantasy storytelling from Lucasfilm's™ Brian Moriarty™?
Why, it's an extraordinary adventure with an interface of magic, stunning, high-resolution, 3D landscapes, sophisticated score and musical effects. Not to mention the detailed animation and special effects, elegant point 'n' click control of characters, objects, and magic spells.
