James F. Booth

For more than 25 years, James Booth has provided consulting and legal services to telecommunications carriers and to enterprise companies that manage their own telecommunications networks. Since June of 2009 he has also served as General Counsel of Spread Networks, LLC, which is the industry leader in the construction and operation of low latency high speed networks. Before joining Spread he was General Counsel for OnFiber Communications, a competitive telecommunications provider, and was the sole attorney for Qwest Communications International in support of its construction of an 18,800 mile fiber optic network spanning the United States. Earlier he was lead counsel for U S WEST in its wireless and cable television ventures in the United States, Europe and Hong Kong.

Sunday, September 28, 2014

Two 34-Year-Old Aussies Are Latest Techies To Become Billionaires Thanks To Sky High Financing Round

Scott Farquhar and Mike Cannon-Brookes are Australia’s newest billionaires after their business software company Atlassian announced this week it had closed 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.

Farquhar and Cannon-Brookes, both 34, who founded the company twelve years ago, 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 Journal.