All Founders Stories
Mike Cannon-Brookes

Mike Cannon-Brookes

Co-CEO, Co-founder at Atlassian

buildd tags

Quit job to start Does code

Quick stats

$19.8B Net wealth 42 Yrs Age 2002 Year of founding

Career

2000-2001 Technology Director, Asia Pacific, Jupiter Media 2002-Present Co-CEO & Co-Founder, Atlassian

Education

University of New South Wales

Personal Information

Partner Annie Todd Children 4 Parents Helen, Mike

The Background

In the aftermath of the dotcom crash in 2002, being an entrepreneur in Silicon Valley was tough, but being one in Sydney was tougher. The lack of a large tech community and local VCs was a huge stumbling block for tech startups in Australia. Mike Cannon-Brookes and Scott Farquhar, the co-founders and eventual co-CEOs of Atlassian, met while studying at the University of New South Wales. Cannon-Brookes and Farquhar believed in the potential of software to disrupt global industries, at a time when not many in Australia did. After Farquhar rejected a job at PwC, they had only two simple goals: to not wear suits to work, and earn more than the $50K salary that PwC had offered, by starting their own company.‍

The Spark

They started a third-party support service, and on the side, built their own issue-tracker as they were fed up with using email to track their developer work. They realised that developers needed a concrete place to log issues and work collaboratively. Seeing the potential of their little internal solution to be really useful for other developers, they decided to pivot from a service company to a product company. Cannon-Brookes and Farquhar took out $10,000 in credit card debt to start Atlassian, and launched their first flagship product, Jira. Jira provided developers with an all-in-one solution to manage software projects, and hence was adopted quickly by developer teams despite its steep learning curve.‍

'Two Rocket Engines'

It started bringing in revenue, but Mike Cannon-Brookes and his co-founder were always on the lookout for other revenue streams. They found a way to capitalise on the rise of Wiki technology by providing a platform for simple wiki functions to teams with the requirements of enterprise knowledge management systems, and hence, created Confluence. Confluence's seamless integration with Jira, which was catching on fast in the developer community, was key to their success. "We had two rocket engines driving us along, not just one", Cannon-Brookes says. Within three years after its founding, Atlassian was profitable without having taken any venture capital.

0
Comments

You'll love these stories too!

James Jebbia

James Jebbia

Supreme
Founder Quit job to start Doesn't code
Daniel Saks

Daniel Saks

App Direct
President & Co-founder Quit job to start Doesn't code
Travis Cordell Kalanick

Travis Cordell Kalanick

Uber
CEO, Cofounder Started on the side Does code