Atlassian to acquire former unicorn Loom for $975M | TechCrunch

GitHub grew as a bootstrapped company for over four and a half years; the first fundraising it underwent was a $100 million series A round, led by Andreessen Horowitz, skipping many rounds of financing and dilutions that come with it. Three years later GitHub raised a $250 million series B, led by Sequoia Capital, and in June 2018 Microsoft acquire

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Companies with poor unit economics found themselves propelled by aggressive venture dollars (which themselves were propelled by a low-interest-rate environment). Those companies then turned those dollars into aggressive customer acquisition. Until recently, the market rewarded growth at all costs.

Levie is bullish on the acquisition, because it puts Slack and Salesforce on more even ground.