Why Browser Company at $610M is cheap
first, what does this price mean for the browser company? their last round valued them at $550m, so this is basically giving the previous investors their money back. in other words, bare minimum price they could sell for without somebody taking a loss. pretty bad for them: the market sees no future value, josh’s “vision” for browsers couldn’t get better than buzzwords. second, what does this price mean for atlassian? they have $3b cash, so this is 20% of their piggy bank. and with $1.2b q3 prof