Youngest Tech Billionaires

34 year old Scott Farquhar and Mike Cannon-Brookes who founded their business software company Atlassian twelve years ago are Australia’s youngest billionaires after closing a financing round that valued the company at $3.3 billion. T. Rowe Price and Dragoneer Investment Capital paid $150 million, which amounts to a 4.6%  stake in Atlassian.

These tech geeks did not sell any shares in the latest round of funding, meaning the estimated 1/3 ownership stake each own in the company is worth about $1.1 billion. The selling shareholders in the deal include current and former employees, as well as Accel Partners, which invested $60 million in the company in 2010 at a valuation of $400 million, according to the Wall Street Jornal.

We say congratulations and  hope they live up to this standard in subsequent years.