Loom's Road to $975 Million Exit by Atlassian - Shahed Khan

Explore Loom's incredible startup journey, as they soared from a humble beginning to a staggering $975 million acquisition by the leading team collaboration software giant, Atlassian. Marking one of 2023's most significant tech acquisitions, Loom's story is a testament to perseverance and strategic adaptability, with 8 years of hard work and 2 pivotal shifts. Dive into this video for invaluable insights that every startup founder can learn from.
00:00 Introduction
00:52 The Unruly Child
04:27 Don't Fall in Love With Your Idea
06:31 Unexpected Use Cases
13:37 Revisiting Mission
15:42 Reflecting on the 8 Years of Journey
EO stands for Entrepreneurship & Opportunities. We're looking for more inspiring stories of entrepreneurs all over the world, so don't hesitate to contact us! :)
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Subtitles for this video were created using [XL8.ai](xl8.ai/) machine translation.

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[@rolodexter]

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-kl5ri]

Ok ChatGPT

[@reprovedcandy]

All runescape taught me about the world was that everyone and their mom is trying to scam you.

[@foxooo]

That’s a valuable lesson man

[@ImmaterialDigression]

RuneScape represent

[@lukewilliamrimmington]

As an Australian, Atlassian is a legendary company! So good job on the exit!

[@reprovedcandy]

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-baptistebonaparte2200]

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

[@Allyourneedsmet]

There's a pattern - Data, data helped make all this decisions and they had almost all the details

[@casinarro]

Parents from the two most dear rival countries India and Pak 😊 raised such a humbly successful child

[@erik6165]

Incredible story! Very inspirational!

[@ianstallings]

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.

[@akashthomas3124]

Damn good

[@orevogabe]

pérfect

[@scooperkupp5081]

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!

[@ianstallings]

Competition validates your product and creates a market. If you're the only one doing it, you got a problem.

[@uaer309]

Bro that's a completely different thing. Not sure you actually understood anything 😅

[@WillSmith-nl5su]

You don't know what you're talking about kid@@uaer309

[@rolodexter]

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!

[@scooperkupp5081]

@@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

[@jhwchoco]

1빠

[@sdexstarlord]

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

[@scooperkupp5081]

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

[@scooperkupp5081]

Apple now includes this feature in every Mac, and eventually every iPhone too. Invisible hand of the market should totes cannibalize this

[@sdexstarlord]

@@scooperkupp5081 exactly

[@zuowang5185]

I could've made Loom with 10 Mil hiring some Atlassian engineers. Sucker spent near 1B

[@ianstallings]

Read up on why companies do M&A. Long story short - you don't always want to build everything yourself.

[@TheEsotericProgrammer]

Also, the customers they acquire, and also the competitor they remove.

[@BlackRules967]

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

[@andrewxzvxcud2]

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

[@gazanfarov]

Well sometimes you have to educate your users

[@DePhpBug]

I don't feel the value .. still doubt why its worth so much ...

[@NoOne-bj2kz]

covid lockdown and stimulus

[@RishiKumar]

Apple Presenter Overlay will kill it before they see this message.

[@method341]

Why is this worth so much? It looks like a copy of Camtasia?

[@jaywong3097]

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.

[@tremarley9648]

@@jaywong3097so it’s basically a Closed Source version of OBS w/ Cloud integration ?

[@udaky]

@@jaywong3097interesting, so thats why

[@method341]

@@jaywong3097It basically sounds like a video recording tool that has your face on it. I mean, is that really worth 1bil? smh

[@VigneshKumarelite]

@@method341this is just accounting fraud and booking free cash as profits to your buddies. Ashton kutcher has shadow beneficiaries

[@RumakInaph]

so basically Atlassin spent 1B for KZbin with a face

[@maxsurgai]

and all the loom users

[@randomshs]

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

[@StevenAkinyemi]

First!