What would it cost Adobe NOT to acquire Figma? I interview several UI/UX and product designers every week and without exception the tool they use if Figma.
On Adobe acquiring Figma
51–60 of 83 posts
Re: On Adobe acquiring Figma
#52This rings so true.. ..even with Adobe keeping Figma as independent as it can be, it will develop and grow at a much slower pace since there will be no venture capital funds pouring in, and Adobe’s resources drained to pay off the acquisition cost. The only winner is Figma investors. This acquisition is a lose-lose-lose situation for Adobe, Figma, and the design community.
That part of the article rang true and broke my heart a little bit. I only discovered Figma recently and was trying to decide if I should dive in and really learn it. Now I am much less excited about the prospect. The last thing I want is to be “nudged” towards an Adobe account. I would be surprised if Adobe doesn’t mess this up.
Re: On Adobe acquiring Figma
#53> Who is David Wadhwani, the person Figma is going to report to? (...) A little further research shows he joined Adobe in June 2021, just over a year ago. His last position prior was Venture Partner at venture capital firm Greylock. (...) Greylock invested in Figma in Series A, B, C, D, and E! Figma Series A’s price was $0.2 per share; it 200x’ed at the acquisition deal. Even if he didn't personally invest in Figma,…
Complete noob in business/whatever this is, why doesn't this look good?
Re: On Adobe acquiring Figma
#54Regarding the justifications for Figma's price: > most startups cut their valuation by a lot in 2022 Most startups are not used by every single other startup, whereas I would be very surprised if any startup doesn't use Figma for UI design. I've never used Canva and never heard a company using it. The only time I heard of Canva is to create a nice looking CV. Comparing outliers to the average/most isn't very helpful.…
>whereas I would be very surprised if any startup doesn't use Figma for UI design. have startups stopped using Invision? >acquirers desperation (very high), I would think acquirers desperation (very high) would be another word for 'dump this stock' which to me is what the article seems really about. People dumped adobe, why because Figma not worth that unless acquirers desperation (very high). uh oh, who wants to hol…
InVision is not a design tool, it is a prototyping tool.
Re: On Adobe acquiring Figma
#55Earlier quoted context omitted.
Maybe the author should've opened David Wadhwani LinkedIn profile instead of just linking to it. He worked for Adobe for 13 years until 2015 and rejoined in 2021. PS: not defending the purchase or Adobe but this statement in the article is factually wrong ¯\_(ツ)_/¯
The author's main point is he worked at Greylock before Adobe - factually accurate. Also accurate - conflict of interest if he in anyway was part of acquisition efforts.
Factually accurate is the lowest bar to clear.
Re: On Adobe acquiring Figma
#56Anyone else around for the dot com bubble? Why does the current tech M&A scene feel so eerily similar?
I recognize that inflation is quickly destroying the value of the dollar, but $20 billion is still a mind numbingly large amount of money to be throwing around at the clear end of a long term tech sector growth cycle.
This speaks as a brutal admission from Adobe corporate leadership that they lack the internal entrepreneurial skills to drive the development of new and innovative products in their market space, and based on the ~10% stock price drop since the announcement I imagine the market sees it the same way.
Re: On Adobe acquiring Figma
#57Re: On Adobe acquiring Figma
#58Regarding the justifications for Figma's price: > most startups cut their valuation by a lot in 2022 Most startups are not used by every single other startup, whereas I would be very surprised if any startup doesn't use Figma for UI design. I've never used Canva and never heard a company using it. The only time I heard of Canva is to create a nice looking CV. Comparing outliers to the average/most isn't very helpful.…
>whereas I would be very surprised if any startup doesn't use Figma for UI design. have startups stopped using Invision? >acquirers desperation (very high), I would think acquirers desperation (very high) would be another word for 'dump this stock' which to me is what the article seems really about. People dumped adobe, why because Figma not worth that unless acquirers desperation (very high). uh oh, who wants to hol…
"have startups stopped using Invision?"
Speaking as a designer, Invision has never felt like a serious design tool and they've had a constant struggle to find their place in the market. Invision started life as a prototyping tool, and they dabbled with Studio sometime around 2019, but recently they've morphed into more of a collaboration/whiteboarding tool. They're probably more akin to Miro or Jamboard than Figma these days.
Re: On Adobe acquiring Figma
#59This deal feels very bizarre to me, albeit for completely different reasons. I frequently, even within one project with multiple designers will get figma, sketch, xd, photoshop and illustrator designs and it makes almost no difference for me. Perhaps I’m an anomaly, but when a creative asks what format to do something in I always tell them whatever they are most efficient and comfortable in. And when I do designs, out of years of Adobe dominance, I reach for xd, but feel comfortable in any of the other ones.
Re: On Adobe acquiring Figma
#60Adobe's financial performance has been pretty outstanding. In 2015, their net income was 630 million dollars with 13,893 employees. By 2019, through steady growth they have grown their income to 2,951 million dollars with 22,634 employees. In other words, while in 2015 an employee produced 45347 dollars but in 2019 the same person produced 130739 dollars. I would be slow to presume they do not know what they are doin…
As far as I understood they're making quite good on their analytics software/services. I had a discussion on this with one of my friends who is more knowledgeable on the issue about 2 years ago, and I can't remember the exact name of the service/product, but I got out of it that they're processing a huge amount of data as analytics for large companies (and their associated campaigns).
I remember that I found it strange back at the time that almost no-one was mentioning this in the tech media, all eyes were focused on the analytics businesses related to Facebook and Google.