The co-founder of NASDAQ-listed software firm Atlassian, which is currently valued at $US25 billion, has revealed how a simple mix-up in the post put him on the path to being one of the country’s richest people., Mr Farquhar explained how he was on track to join the Australian Defence Force Academy after finishing high school — but the acceptance letter arrived two months late.
By that stage, he had chosen to go to the University of NSW where he would meet his business partner Mike Cannon-Brookes.The duo, who last year topped the Financial Review Young Rich List with a combined, founded the business software company in 2002 while still living in a share house and “eating ramen noodles every day”.
Mr Farquhar said it wasn’t until 2003 that they scored their first major customer. The fax with the purchase order from American Airlines still hangs outside his office in Sydney.Today the company has annual revenue of more than $US1 billion and 3000 employees around the world. It floated on the US stock market in 2015.“It has taken 17-and-a-half years,” he told the BBC. “We’ve made mistakes along the way.
The tech duo broke consecutive records for the biggest property sales in Australia’s history when theyIn 2017, Mr Farquhar’s wife Kim Jackson paid $71 million for the “Elaine” mansion previously owned by John B Fairfax. Mr Cannon-Brookes last year topped that by paying “close to $100 million” for Lady Mary Fairfax’s neighbouring “Fairwater” mansion.
Would love to see any analyst valuation of this company, especially how a company that makes no profit is “worth” $25bn.........
Nobody is worth 7 billion unless they are part of the Cabal.
Typical poor service from AusPost
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