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Atlassian’s Scott Farquhar tells founders not to bootstrap – The Australian Financial Review

Atlassian may have gone eight years without taking on external capital, but Scott Farquhar says that would not be wise today.

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I think if you were going to do a start-up that was bootstrapped again today, you may really struggle to do that because these days the markets are connected more than ever before.
Youd want more capital today than we had back then.
The story of Atlassian being founded in a garage in Sydney with a $10,000 credit card has become a legend among Australian start-ups. Everyone knows the story and founders aspire to the levels of success achieved by Mr Farquhar and Mr Cannon-Brookes.
Like Atlassian,…

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