Atlassian is perhaps the rarest of those unicorns: IT happens to be profitable. It was also started and headquartered in Sydney, Australia.
Also, they didn't raise outside funding for the first 8 years of operation . Which probably means they had to have been breaking even from pretty early on.
I know what you're thinking: is this real?
Yes folks, the founders at Atlassian took a less conventional, just-as-successful route.
Oh and they priced their IPO above the range that they had indicated, indicating strong investor appetite . And the stock has had a nice pop: its up 32% as at closing.
The Square IPO and talks of downrounds already feels like a distant memory.
They are other ways to building large, successful companies that don't necessarily involve raising huge amounts, burning cash at record rates and last but not least, being located in Silicon Valley. I'm sure there are plenty of great startups outside of Silicon Valley that just dont get the amount of attention by virtue of location. We ignore them at our own peril.