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@rolodexter10 ай бұрын
Oh man, the Loom acquisition is like a startup fairytale! They definitely pulled off a "rags to riches" kind of story with their journey from a small startup to a multi-million dollar acquisition by Atlassian. But, it wasn't all smooth sailing - they had to pivot their strategy and adapt to the market. That's a great lesson for any startup founder - be ready to pivot when needed and stay agile in the ever-evolving tech landscape. Also, let's not forget the power of perseverance - 8 years of hard work is no joke! This story should give any aspiring entrepreneur a major boost of motivation.
@Will-kl5ri10 ай бұрын
Ok ChatGPT
@lukewilliamrimmington11 ай бұрын
As an Australian, Atlassian is a legendary company! So good job on the exit!
@reprovedcandy10 ай бұрын
All runescape taught me about the world was that everyone and their mom is trying to scam you.
@foxooo10 ай бұрын
That’s a valuable lesson man
@reprovedcandy10 ай бұрын
I can't imagine trying to find a new problem to solve / pursue as a business after a nearly $1B acquisition. When my first startup was acquired for nearly 1000x less, I had a surprisingly hard time wanting to pursue another idea as the bar for success suddenly felt a lot higher.
@jean-baptistebonaparte220010 ай бұрын
But you dont need to always pursue a bigger and bigger goal.. maybe you can just be happy creating something useful or interesting at a “lower” level and just enjoy the life and what you do. You don’t need to make another 1b sale
@ImmaterialDigression11 ай бұрын
RuneScape represent
@ianstallings10 ай бұрын
It's interesting how many comments here don't understand why it was sold for so much. Listen, if you make a product you better understand how/why acquisitions happen and how a company gets valued.
@Allyourneedsmet11 ай бұрын
There's a pattern - Data, data helped make all this decisions and they had almost all the details
@casinarro6 ай бұрын
Parents from the two most dear rival countries India and Pak 😊 raised such a humbly successful child
@scooperkupp508110 ай бұрын
Sold right as Apple released Presenter Overlay, killing the need for this in top US white collar jobs. You guys can have fun marketing to Windows users from now on. Kudos to ya'll on timing!
@ianstallings10 ай бұрын
Competition validates your product and creates a market. If you're the only one doing it, you got a problem.
@uaer30910 ай бұрын
Bro that's a completely different thing. Not sure you actually understood anything 😅
@WillSmith-nl5su10 ай бұрын
You don't know what you're talking about kid@@uaer309
@rolodexter10 ай бұрын
Haha, talk about perfect timing! Loom really played their cards right by selling before Apple dropped that bomb. Apple really swooped in with their fancy Presenter Overlay and snatched some of Loom's market share, but I guess that's the game in the tech industry! Windows users can definitely still benefit from Loom's platform, but it's a bummer for the company that they can't compete with Apple in the top-tier white collar market anymore. I mean, when Apple enters the game, you know it's going to be tough competition!
@scooperkupp508110 ай бұрын
@@rolodexter bro did you put my comment in ChatGPT and ask it to rephrase/lengthen? Would've been popped for plagiarism if this was a school assignment
@erik616511 ай бұрын
Incredible story! Very inspirational!
@sdexstarlord10 ай бұрын
I have used loom many times, and it's a good product. I can be best if it will be free ( especially for students ) 😅, so please make it free
@scooperkupp508110 ай бұрын
This stuff should be open source, they create the likes of a school project and drum it up as revolutionary to line their pockets. There's no reason people's careers and livelihoods need to depend on the technical insights of folks like this
@scooperkupp508110 ай бұрын
Apple now includes this feature in every Mac, and eventually every iPhone too. Invisible hand of the market should totes cannibalize this
@sdexstarlord10 ай бұрын
@@scooperkupp5081 exactly
@orevogabe10 ай бұрын
pérfect
@akashthomas312410 ай бұрын
Damn good
@zuowang518510 ай бұрын
I could've made Loom with 10 Mil hiring some Atlassian engineers. Sucker spent near 1B
@ianstallings10 ай бұрын
Read up on why companies do M&A. Long story short - you don't always want to build everything yourself.
@TheEsotericProgrammer10 ай бұрын
Also, the customers they acquire, and also the competitor they remove.
@DePhpBug10 ай бұрын
I don't feel the value .. still doubt why its worth so much ...
@NoOne-bj2kz4 ай бұрын
covid lockdown and stimulus
@max-runge9611 ай бұрын
So they designed usecases to show users, but in reallity no one at the time used loom for these usecases? i guess it worked... fake it till you make it
@andrewxzvxcud211 ай бұрын
i mean this guy says he had it hard and he uses the immigrant parents trope then goes onto talk ab his life in such a way that makes it sound like he didnt rlly have it that hard so not very surprising
@gazanfarov11 ай бұрын
Well sometimes you have to educate your users
@RishiKumar10 ай бұрын
Apple Presenter Overlay will kill it before they see this message.
@jhwchoco11 ай бұрын
1빠
@method34111 ай бұрын
Why is this worth so much? It looks like a copy of Camtasia?
@jaywong309711 ай бұрын
As a user of loom, because it's quick and easy to record screen wkth your face on screen, after it's finished, you get a link that anyone who clicks on can watch the vid. It's not a video editing tool.
@tremarley964810 ай бұрын
@@jaywong3097so it’s basically a Closed Source version of OBS w/ Cloud integration ?
@method34110 ай бұрын
@@jaywong3097It basically sounds like a video recording tool that has your face on it. I mean, is that really worth 1bil? smh
@VigneshKumarelite10 ай бұрын
@@method341this is just accounting fraud and booking free cash as profits to your buddies. Ashton kutcher has shadow beneficiaries
@AH-td5hq10 ай бұрын
Yes it is because no one has heard of Camtasia
@RumakInaph11 ай бұрын
so basically Atlassin spent 1B for KZbin with a face
@maxsurgai11 ай бұрын
and all the loom users
@randomshs10 ай бұрын
it's actually "hard" for the average non-tech person to upload a video to youtube and set it to private, let alone editing a video like that