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Figma and Adobe abandon proposed merger

figma.com

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Re: Figma and Adobe abandon proposed merger

#61

Post by ddkper »

nolongerthere wrote: post #12
zlwaterfield wrote: post #8

This is sad for the overall M&A market. Companies are going to be scared to enter into these agreements because it’s just a waste of time and money when it inevitably ends up like this.

Which I think is overall good for the consumer, many of the companies are only merging to lessen competition, not provide any extra value to us.

The value accrues in the form of incentivizing new products and companies to enter the market. The two options these founders (and their investors) have to capitalize on building a good company is to either go public or get acquired.

Severely limiting the ability to be acquired reduces the incentives for new founders as well as investors in new companies if the only realistic path is waiting for them to go public. Especially since being acquired doesn't require you to be in nearly as good a financial position in terms of profit as going public does.

Re: Figma and Adobe abandon proposed merger

#62

Post by ceejayoz »

endisneigh wrote: post #54
capableweb wrote: post #48

Earlier quoted context omitted.

> provide a good or service > profit from doing so Is the first actually a requirement? I can think of plenty of companies that do the second part well, but have nothing to do with the first one.

Yes? What company makes money without providing goods or services to someone?

Comcast?

Re: Figma and Adobe abandon proposed merger

#63

Post by ianceicys »

endisneigh wrote: post #24
scarface_74 wrote: post #17

Earlier quoted context omitted.

The entire purpose of starting a company is to get acquired. Of the literally hundreds of companies that YC has invested in, only 5 have gone public. The VC market will dry up even more if they see their chances of an exit diminishing because of an overzealous government.

The purpose of a for profit company is to provide a good or service and profit from doing so. You don’t need to be acquired to accomplish that.

You are mistaken.

The purpose of a company is to make a profit and provide a good or service. In that order. Everything else is a hobby.

Re: Figma and Adobe abandon proposed merger

#65

Post by capableweb »

endisneigh wrote: post #54
capableweb wrote: post #48

Earlier quoted context omitted.

> provide a good or service > profit from doing so Is the first actually a requirement? I can think of plenty of companies that do the second part well, but have nothing to do with the first one.

Yes? What company makes money without providing goods or services to someone?

Patent trolling. Domain flipping. Just two I can think of in 30 seconds, I'm sure there are more out there :)

Re: Figma and Adobe abandon proposed merger

#66

Post by oblio »

capableweb wrote: post #48
endisneigh wrote: post #24

Earlier quoted context omitted.

The purpose of a for profit company is to provide a good or service and profit from doing so. You don’t need to be acquired to accomplish that.

> provide a good or service > profit from doing so Is the first actually a requirement? I can think of plenty of companies that do the second part well, but have nothing to do with the first one.

You're misreading the text. They said "provide A good OR service", they're not saying "provide good service".

Re: Figma and Adobe abandon proposed merger

#67

Post by politelemon »

Erratic6576 wrote: post #14
jonplackett wrote: post #5

I don’t even use Figma, but I a glad Adobe won’t be owning them.

Yeah I miss Adobe Lightroom but you don’t get to install it, adobe takes over your computer

Same, I miss the ownership of my photos and photographic workflows from the older lightroom days. It's sad that the industry rolled over to accept this and it trickled to the consumers.

Re: Figma and Adobe abandon proposed merger

#68

Post by chiefalchemist »

endisneigh wrote: post #24
scarface_74 wrote: post #17

Earlier quoted context omitted.

The entire purpose of starting a company is to get acquired. Of the literally hundreds of companies that YC has invested in, only 5 have gone public. The VC market will dry up even more if they see their chances of an exit diminishing because of an overzealous government.

The purpose of a for profit company is to provide a good or service and profit from doing so. You don’t need to be acquired to accomplish that.

Yes. But when you're driven by the idea of exit striving towards such things becomes ultra focused. Put another way, exit is the ultimate recognition that these purpose(s) have been acheived.

Re: Figma and Adobe abandon proposed merger

#69

Post by endisneigh »

ianceicys wrote: post #63
endisneigh wrote: post #24

Earlier quoted context omitted.

The purpose of a for profit company is to provide a good or service and profit from doing so. You don’t need to be acquired to accomplish that.

You are mistaken. The purpose of a company is to make a profit and provide a good or service. In that order. Everything else is a hobby.

Nope. Profit follows the goods and services, not the other way around.

Re: Figma and Adobe abandon proposed merger

#70

Post by capableweb »

oblio wrote: post #66
capableweb wrote: post #48

Earlier quoted context omitted.

> provide a good or service > profit from doing so Is the first actually a requirement? I can think of plenty of companies that do the second part well, but have nothing to do with the first one.

You're misreading the text. They said "provide A good OR service", they're not saying "provide good service".

I don't think so, I read and understand the "OR" in there.
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