In 2014, T. Price Rowe and Dragoneer Investment Capital purchased about 6% of the company from Accel and a few employees.
Farquhar’s strategy is to try and make it so his employees never want to work anywhere else. They were the best man at each other’s weddings. Farquhar spent a year trying to get that old computer to play the games he wanted to play.
Cannon-Brookes’ wife Annie Todd is a fashion designer. With a $10 billion net worth each, the sky is the limit in Farquhar and Cannon-Brookes’ desire to have a positive influence in the world. The house is right next door to Farquhar’s $75 million house called Elaine.From the very start of their business, they wanted to do more than just create software. Farquhar and Jackson have three kids. Scott Farquhar (born December 1979) is an Australian billionaire, the co-founder and co-CEO of the software company Atlassian.Farquhar often carries the epithet of accidental billionaire after he and his business partner Mike Cannon-Brookes founded Atlassian with the aim to replicate the A$ 48,000 graduate starting salary typical at corporations without having to work for someone else. Farquhar was the only person to say yes. In 2014, T. Price Rowe and Dragoneer Investment Capital purchased about 6% of the company from Accel and a few employees. After all, they knew they were smart.
The dot-com bubble had just crashed. Farquhar and Jackson have three kids.
Their timing wasn’t great. They were both scholarship kids and bonded over their shared love of computers.Mike Cannon-Brookes (L) and Scott Farquhar (R), (Photo by Kelly Sullivan/Getty Images)In June 2001, Cannon-Brookes sent Farquhar an email inviting him to co-found a company with him.
Cannon-Brookes and Todd have four kids. That deal valued Atlassian at $3.3 billion.The Atlassian offices feature the usual perks of a tech startup with catered meals and other perks.
What he did know is that he wants to get more involved in philanthropy and see how much good the Atlassian Foundation can do. At this point in their lives, they've known each other longer (22 years) than they lived before they met (18 years). Atlassian is one of the biggest donors to Room to Read, a U.S.-based charity that builds schools and libraries in developing nations.In nine years, Farquhar and Cannon-Brookes will be 50. Farquhar's strategy is to try and make it so his employees never want to work anywhere else. They met the very first day of college. That 1% stake is worth tens of millions today. In 2018, Cannon-Brookes bought Fairwater, the most expensive house in Australia for about $100 million. Atlassian has been profitable for every single quarter since it was founded. Mr. Farquhar co-founded Atlassian and has served as our Co-Chief Executive Officer and as a member of our board of directors since October 2002 and as chair of our board of directors from December 2016 to April 2018. The Atlassian Foundation also gets 1% of profit and 1% of employee time as well as donates software licenses to non-profits. Their original goal was to make $48,500, which was what accounting graduates made at the time.Once Farquhar and Cannon-Brookes graduated from college, they founded Atlassian with $10,000 of credit card debt.
He wouldn’t be exposed to computers again until he got to college.On the other side of Sydney, Mike Cannon-Brookes was getting settled in Australia after being born in the U.S., moving to Taiwan at six months old, Hong Kong at three years old, and then being sent to school in England.
Their first employees were mostly their college classmates.
They are both 41. He bought his first computer with frequent flyer points he saved up flying back and forth between his family in Australia and school in England four times a year. Their timing wasn't great.
The company has been cash-flow positive from the outset.
When Scott Farquhar was 11 years old, he really really wanted a computer. They’ve also given equity to staff.
Atlassian’s customers include Audi, Virgin Media, and NASA.Outside of work, Farquhar and Cannon-Brookes have a lot in common.
He bought his first computer with frequent flyer points he saved up flying back and forth between his family in Australia and school in England four times a year. Farquhar was the only person to say yes. What he did know is that he wants to get more involved in philanthropy and see how much good the Atlassian Foundation can do. His parents were fans of Apple and had Macs.