Former employee here that was around when Atlassian received the investment.
Some of your details are wrong and you may want to check back with your source. Atlassian used the proceeds from the Accel Investment to set up the Employee Stock Option Program. In other words, they paid for the lawyers, fees, etc in each country they were located (Australia, Netherlands, and USA) and also paid the taxes we owed to the Australian Tax Office. Nobody received cash (except Mike and Scott) because up to that point none of the employees had equity. We all received an options award shortly after the company announced the Accel investment.
In 2014, T. Rowe Price bought $150 million worth of share from current and former employees. This was the only time we were given the opportunity for liquidity prior to the IPO.
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[ 2.1 ms ] story [ 15.5 ms ] threadFormer employee here that was around when Atlassian received the investment.
Some of your details are wrong and you may want to check back with your source. Atlassian used the proceeds from the Accel Investment to set up the Employee Stock Option Program. In other words, they paid for the lawyers, fees, etc in each country they were located (Australia, Netherlands, and USA) and also paid the taxes we owed to the Australian Tax Office. Nobody received cash (except Mike and Scott) because up to that point none of the employees had equity. We all received an options award shortly after the company announced the Accel investment.
In 2014, T. Rowe Price bought $150 million worth of share from current and former employees. This was the only time we were given the opportunity for liquidity prior to the IPO.