10 Things You Didn’t Know About Scott Farquhar

Scott Farquhar, the co-founder and co-CEO of Atlassian, is a remarkable entrepreneur and tech visionary who has played a significant role in the success of one of Australia’s most valuable companies. While many people are aware of his achievements in building Atlassian into a global powerhouse, there are plenty of fascinating facts about Scott Farquhar that often go unnoticed. In this article, we uncover 10 lesser-known facts about this influential business leader.

1. Entrepreneurial Start in School

Scott Farquhar’s journey as an entrepreneur began at a young age. Growing up in Sydney, Australia, he created and sold software even before graduating from high school. His early ventures included developing a stock market monitoring system called “ARGIS” which he sold to a client for an impressive AU$40,000 at the age of just 14. This early success set the stage for his future endeavors.

2. Shared College Dorm Room with Co-founder

Farquhar’s path crossed with his future business partner, Mike Cannon-Brookes, while studying at the University of New South Wales in Sydney. The duo became roommates in college, sharing not only a dorm room but also a passion for technology. This close bond and shared enthusiasm would form the foundation of a partnership that would go on to reshape the software industry.

3. Building Atlassian: The Garage Startup

After finishing college, Farquhar and Cannon-Brookes founded Atlassian in 2002. Interestingly, the company was established in Farquhar’s garage, where they worked tirelessly to develop their first product, Jira. This humble beginning in a suburban garage illustrates their determination and resourcefulness in building a software giant from the ground up.

4. Making Atlassian a Team-Centric Company

Farquhar is known for his commitment to fostering a positive and innovative work culture. At Atlassian, he implemented the idea of “Open Company, No Bullshit,” encouraging transparent communication, collaboration, and continuous improvement. Farquhar’s emphasis on empowering employees has played a crucial role in Atlassian’s success, making it a highly sought-after workplace.

5. A Passionate Philanthropist

Beyond his entrepreneurial pursuits, Farquhar is deeply committed to giving back to society. He and his wife established the Farquhar Foundation in 2015, which supports various causes, including healthcare, youth education, and research. Additionally, as part of their philanthropic endeavors, they donated a staggering AU$17 million to the Sydney Children’s Hospital, making a substantial impact on children’s healthcare.

6. An Avid Sailing Enthusiast

Scott Farquhar has a love for sailing and finds solace in the tranquility of the open seas. Interestingly, he is an accomplished sailor who has competed in numerous sailing races, including the Sydney to Hobart Yacht Race, one of the world’s most challenging offshore races. Farquhar’s passion for sailing reflects his adventurous spirit and his ability to thrive in high-pressure situations.

7. Recognitions and Awards

Farquhar’s contributions to the tech industry have not gone unnoticed. He has received numerous accolades for his entrepreneurial prowess, including being named the Australian EY Entrepreneur of the Year in 2006 and being listed on the Forbes Billionaires list. Farquhar’s exceptional leadership and business acumen continue to inspire and motivate aspiring entrepreneurs worldwide.

8. Co-Owner of the Sydney Ice Hockey Team

Beyond his ventures in the tech and business world, Farquhar is also a sports enthusiast. He, along with Cannon-Brookes, became the co-owners of the National Hockey League’s (NHL) Vancouver Canucks and the Australian Ice Hockey League’s (AIHL) Sydney Ice Dogs. Farquhar’s involvement in the world of professional sports showcases his diverse interests and commitment to supporting local teams.

9. Championing Environmental Sustainability

Farquhar is deeply passionate about environmental sustainability. He actively promotes an eco-friendly approach within Atlassian and has set ambitious goals, such as using 100% renewable energy for company operations. Farquhar’s commitment to protecting the environment demonstrates his dedication to creating a better future for generations to come.

10. The Road to Becoming a Billionaire

With Atlassian’s massive success and consistently strong performance in the stock market, Farquhar’s net worth has skyrocketed. In 2021, he was listed as Australia’s youngest billionaire. Scott Farquhar’s journey from a teenage entrepreneur to a tech tycoon is a testament to his remarkable vision, unwavering determination, and relentless pursuit of excellence.

Scott Farquhar’s achievements in the tech industry, his philanthropic efforts, and his commitment to a sustainable future have solidified his status as an influential leader. Beyond his entrepreneurial success, he is an inspiration to many aspiring entrepreneurs and a role model in the global business community.

Useful Links:

Atlassian Official Website
Scott Farquhar – Wikipedia