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Adobe to acquire Figma for $20B

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Re: Adobe to acquire Figma for $20B

#881

Post by alluro2 »

Lorin wrote: post #500
derefr wrote: post #487

Earlier quoted context omitted.

Always wondered why an indie app developer hasn't just decided to work their image-editor app up as "the new Fireworks." Many other image-editor apps do now take Fireworks' same non-destructive hybrid editing approach... kind of . But they're always missing one thing or another. Either: 1. they aren't multiplatform (can't get "standard" adoption like Fireworks if you're macOS-only) 2. they don't go far enough with th…

I think the next big thing will be SVG tooling - so much untapped power.

I feel the same way too, but on the other hand, been waiting on it for 10+ years now...

Re: Adobe to acquire Figma for $20B

#882

Post by alluro2 »

Andrew_nenakhov wrote: post #750
derefr wrote: post #487

Earlier quoted context omitted.

Always wondered why an indie app developer hasn't just decided to work their image-editor app up as "the new Fireworks." Many other image-editor apps do now take Fireworks' same non-destructive hybrid editing approach... kind of . But they're always missing one thing or another. Either: 1. they aren't multiplatform (can't get "standard" adoption like Fireworks if you're macOS-only) 2. they don't go far enough with th…

Sketch is the new Fireworks.

Unfortunately not...For one, combining bitmap and vector editing is just not there...Also, while I like Sketch and have used it extensively, I haven't missed anything of it with Figma.

Re: Adobe to acquire Figma for $20B

#883

Post by epolanski »

jaxrtech wrote: post #880
epolanski wrote: post #870

Earlier quoted context omitted.

I count more software that has been ruined and/or killed by acquisitions than the one bred by those.

Would agree in large part. I think the ones that were successful, they're successful enough that you forget it was an acquisition. One off the top my head is Google Docs[1] which, for the longest time, I was pretty sure it was in-house tech. It's actually a number of acquisitions for the collaborative editor tech and then MS Office support. It seems now that most incumbents have enough cash to not care about being th…

I have not implied that all acquisitions are bad, but acquisitions to kill do not necessarily breed more better competition.

Re: Adobe to acquire Figma for $20B

#884

Post by wishfish »

lawgimenez wrote: post #818
spaceman_2020 wrote: post #521

Earlier quoted context omitted.

For a large company, they also have pretty shady pricing. Like their “annual plan, paid monthly”. You’d think you’re just paying for the monthly subscription, but they hide the fact that you have to pay a penalty for early cancellation in the fine print. Dishonest, expensive, slow.

My wife tried to cancel her subscription but the agent on the live chat just quickly and out of the blue gave her 4 months of free subscription. Not sure if this is unusual or part of their playbook.

Part of their retention playbook. I needed Illustrator for a short term project. Only needed it for less than a month so paid for a 30 day term. Almost forgot about it but went to cancel it on the last day. They gave me a month for free automatically. No customer service rep was involved.

- It was rather annoying I had to check & double-check that I was only paying for 30 days and not getting ensnared in the annual plan with monthly payments & a big cancellation fee. Next time I need a vector editor, I'll just buy one from the app store.

Re: Adobe to acquire Figma for $20B

#885

Post by arbuge »

homarp wrote: post #722

https://mobile.twitter.com/pitdesi/status/157046798711905075... What investors first paid for @Figma , which @adobe buying for ~$40.20 per share: $0.088: @dannyrimer/@IndexVentures , Jacobsen/OATV A $0.199: @johnolilly /@GreylockVC, @semil B $0.332: @mamoonha/@kleinerperkins C $1.098: @andrew__reed/@sequoia D $4.619: Peter Levine/@a16z $21.29: @henryellenbogen/Durable

So the seed was done at a $40m valuation?

Re: Adobe to acquire Figma for $20B

#886

Post by terrycody »

joshe wrote: post #379

This is probably the only tech acquisition that's ever made me sad. I just hate Adobe so much. The nightmare of their installer, the weird store with horrible designs popping up when you activate normal ui stuff, the difficulty in canceling a subscription, and the stasis in their product and ui. Oh and the sloppiness of Lightroom on mac with it's weird ui and that it didn't even import and manage photos well. I've be…

Its better to be acquired by Google, not Adobe.

Re: Adobe to acquire Figma for $20B

#887

Post by laser »

arbuge wrote: post #885
homarp wrote: post #722

https://mobile.twitter.com/pitdesi/status/157046798711905075... What investors first paid for @Figma , which @adobe buying for ~$40.20 per share: $0.088: @dannyrimer/@IndexVentures , Jacobsen/OATV A $0.199: @johnolilly /@GreylockVC, @semil B $0.332: @mamoonha/@kleinerperkins C $1.098: @andrew__reed/@sequoia D $4.619: Peter Levine/@a16z $21.29: @henryellenbogen/Durable

So the seed was done at a $40m valuation?

If there had been no dilution. Co-founders appear to have been diluted 80% so assuming seed investors were diluted 75% it’s more like a $10-12M valuation at the seed.

Re: Adobe to acquire Figma for $20B

#888

Post by eyelidlessness »

joshe wrote: post #379

This is probably the only tech acquisition that's ever made me sad. I just hate Adobe so much. The nightmare of their installer, the weird store with horrible designs popping up when you activate normal ui stuff, the difficulty in canceling a subscription, and the stasis in their product and ui. Oh and the sloppiness of Lightroom on mac with it's weird ui and that it didn't even import and manage photos well. I've be…

This comment makes me sad because Adobe used to be an exceptional example of how good professional software could be, and now I can’t disagree with you at all. I don’t mean to disparage anyone at Adobe, but I think as a business it’s become a place good things get acquired to die.

Re: Adobe to acquire Figma for $20B

#890

Post by sirjaz »

pcurve wrote: post #832
sirjaz wrote: post #811

Screw all of this SaaS needs to die a horrible death. All of these webapps/SaaS products are just data collection apps that can lock you out at any moment. We need to get back to owning our data and installing locally.

Figma is one of the best examples of harnessing power of cloud to deliver value to end users. Without cloud, Figma's value as a tool goes down by 90%+ However, there's no reason why much of Adobe is cloud.

Figma's value is ease of use. You do not need the cloud for that. You do realize that most laptops, and especially workstations have more than enough power and storage to do what a web backend does.
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