Mike Cannon-Brookes

Alex Rampell × Erik Torenberg × Mike Cannon-Brookes

AI is repricing SaaS before proving universal impairment, with Zendesk-like seat models exposed to agent substitution while Workday’s employee-based pricing and Adobe’s middle position may be underappreciated.Atlassian’s three great quarters, accumulated process knowledge, Teamwork Graph and extensibility strategy could make core systems stickier, but value depends on fair pricing and product design that earns trust as agents enter workflows.

Harry Stebbings × Mike Cannon-Brookes

Atlassian CEO Mike Cannon-Brookes says most AI assets are vastly overvalued, with circular revenue obscuring whether scale produces durable economics and enterprise deployment still lagging magical demos.He sees low initial switching costs, limited pricing power for coding tools, and design becoming scarcer as software creation gets cheaper; per-seat pricing will likely coexist with nuanced usage models.The investable test is whether startups secure distribution before incumbents acquire innovation, while workflow changes, data quality, security, and model obsolescence delay value realization.