Asset Manager Investing in Global Technology Sector

We're an asset management firm allocating our capital into asset classes benefiting from technological innovation and applications globally. We serve as a family office of a tech professional who has spent over a decade as an entrepreneur, operator, and venture investor across Asia and the US.

Our small team is made up of diverse investment professionals who research, identify, and execute relevant opportunities. We occasionally share some of our investment memos, insights, and analysis here.

Wednesday, May 13, 2020

Q2.2020 - Atlassian Is A Role Model In The Software Space

As Venture Capitalists, we are a long-time admirer of Atlassian (NASDAQ:TEAM). From the time it got off the ground in 2002 until today, we continue to see adaptable and exceptional qualities in almost all areas of the business. This has made it one of the role models in the software space. Over the years, these qualities have translated into strong fundamentals and moat. The stock has appreciated by over 34% since we most recently wrote about it mid last year, where we argued why it was worth owning despite the high P/S. As of today, our bullish view has not changed.

Atlassian is one of our best picks in the software space. It is a founder-led company with strong products, go-to-market, and corporate culture. With a rare combination of +30% growth, +30% FCF margin, and +80% gross margin, the stock beats the Rule of 40 from all angles. Over the last five years, the share price has appreciated by ~7x. It is a must-have in any long-term tech and growth portfolio.

Read the original article here

No comments:

Post a Comment