Worked at Canva two years ago - what an incredibly bright team! CEO Melanie Perkins is an inspiring visionary. Congratulations on the new valuation!
I use Canva a ton for simple graphic designs. It's great that you can access it wherever there's a browser, use it for (mostly) free, and it's extremely user-friendly. Great product, good to see them doing well!
So all it takes for a unicorn to exist is somebody buying a billionth of a company for $1.
After tax loss of 3.3 million while having a revenue of 23.5 million Australian Dollars and this company gets this crazy high valuation... Puh it worked for Facebook but they were attracting users like crazy. I don’t know much about canva so maybe someone that knows better can explain to me what makes their product so special?
I wish the day will come where we’ll stop callimg companies “Unicorns” that are “valued” at a billion dollar based on equity negotiations done by investors and founders and instead, call companies unicorns when they “profit” a billion dollars a year. That, my friend, is an achievement worth giving a mythical name.
Is Atlassian not considered Australian?
(Well, I guess it's public now.)
"Only Tech Unicorn" is questionable. In addition to this and Atlassian, there is also WisetechGlobal https://www.marketindex.com.au/asx/wtc - market cap $4Bn.
Somebody please correct me, because it sounds like they're saying a $40m investment got them to a $1b valuation, which would mean the investors (Sequoia, Blackbird and Felicis) got 4% between them? Why would they take such little equity?