Why is my local hairdresserÂ notÂ a start up but Atlassian is?
It used to be about the music.Â Bunch of friends getting some guitars and making noise in your garage, starting a band,Â talking about the fame and fortune to come.
Now itâs all about a bunch of friends getting some ideas and making something in your garage, starting a start up and talking fame and fortune to come.
But what is a startup?Â
How can a company like Atlassian be valued at $6 billion dollars and be a start up, but Conâs Barber and Blow be a business?
Letâs contrast and compare.
AtlassianÂ is an enterprise software group of companies that develops products geared towards software developers and project managers. It is best known for its issue tracking application, JIRA, and its team collaboration product, Confluence.
Conâs Barber and Blow cut, trim, shape, and taper their clients' hair withÂ CathyÂ on broom and admin.Â HeÂ is best known for usingÂ tools such as scissors, clippers, razors, and combs.
Age?Â Two months old at Conâs, Atlassian is 168.
Venture capital? May not be valued at $6 billion but certainly has very engaged investors in second mortgageÂ and Conâs father in law.
Digital? Squaredspace made website, with a second cousin working on an app. Atlassian has been makingÂ online stuffÂ since 2002.
Agile? Conâs has an hour to hour changing schedule. Daily standards pshaw.
Lean?Â Cathy has sixteen different job titles.
Speed to market? 25 minutes youâre out the door. So another to Conâs crew.
Market driven?Â Never ending market for Con,Â that hair keeps growing. Even aÂ zombie apocalypse couldÂ not slow down our Sydney entrepreneurs. So thatâs a draw.
Investing rounds?Â Atlassian. By a feather...
Pivot?Â Hence the Blow added to the cut. ConfluenceÂ seems a better idea but.
Passionate?Â Who doesnâtÂ love tracking projects accurately or a clippered number 3 noggin.
Scaleable?Â Atlassian has offices internationally in six locations. Con and Cathy are thinking about filling the spare chair with someone really, really good at nails.
Youâre not Atlassian yet. And unless you build a hair cutting robot or Uber-style apprentice programs probably going to stay that way but all in allÂ Conâs has all the start up ingredients required.Â Except for that whole investing round malarkey.
Welcome to the digital world Con, and good luck out there!