Imagine being Dylan Field staring at a $1 billion+ payday, and the government tells you that ain't happening, lol
Figma and Adobe abandon proposed merger
151–160 of 1001 posts
Re: Figma and Adobe abandon proposed merger
#152As someone who enjoyed using Figma, this is an excellent news. However, I am afraid they will sell to someone else. Namely, Microsoft.
Interesting thought - why do you say Microsoft?
Re: Figma and Adobe abandon proposed merger
#153Figma got out better than it was before. It's still a strong product. And Adobe abandoned XD basically giving up this market to Figma.
Not to mention the $1 billion termination fee Adobe now owes them.
Re: Figma and Adobe abandon proposed merger
#154Earlier quoted context omitted.
I think it's fine if no one starts vampiric companies that dump free services on the public destroying the perceived value of software for the purpose of a fast unicorn exit. Of course, these companies always look to advertising for funding so they are obtrusive. Unless you are thinking of real companies that would be affected by this ban? Retail stores don't care about this ban. Companies that sell real products wou…
But Figma isn’t a vampiric company dumping free services for the purpose of a fast exit. It’s been around for over a decade and charges _more_ for its principal product than Adobe charges for comparable products. So by your own definition, real companies are affected by this!
The company will probably do well for the reasons you mentioned, only some late shareholders are affected. A good exit for the economy would be actually an IPO.
Re: Figma and Adobe abandon proposed merger
#155[deleted]
Re: Figma and Adobe abandon proposed merger
#156Why did Figma want to sell itself to Adobe in the first place?
Even though their revenue is only about $400MM, As far as I know, they make a very healthy profit (operating margin of ~90%), and they’ve also been expanding through organic and acquisition means (e.g. they bought Diagram).
Is it because they see the ability to grow the company’s products even more given the Adobe footprint?
Re: Figma and Adobe abandon proposed merger
#157Wonderful news. Adobe was bound to ruin this product, whether on purpose or not. This is a win for the consumers (for once).
Re: Figma and Adobe abandon proposed merger
#158Earlier quoted context omitted.
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.
Depends on your worldview. Historically, companies had a purpose first and profit second. You needed approval by the crown before you were allowed to start a company. Then, once your company fit the purpose as seen by the crown, you were allowed to make profit with it. That has changed, especially since the 80s, where the prevalent world view turned to "let's have the market figure out purpose", which equates to anyt…
When there are elected officials who say that maybe capitalism is more important than democracy, it becomes clear that consensus is going to be difficult to achieve.
Re: Figma and Adobe abandon proposed merger
#159Earlier 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 entire purpose of starting a company is to get acquired The entire purpose of starting a company is to make a profit by delivering a product or service that the market will willingly buy. The operative word there is "profit" -- something that seems to have going conspicuously missing from companies that are being built for the purpose of being "exited".
> The entire purpose of starting a company is to make a profit by delivering a product or service that the market will willingly buy
Why? People can start companies for whatever reason, also your company itself can be the product and big tech companies might be the market you're targeting. Users might just be along for the ride (and they get cheaper and/or better products because VCs are willing to subsidize their development).
Re: Figma and Adobe abandon proposed merger
#160This really makes me sad as an aspiring entrepreneur. What would be the use of starting a business if the government can arbitrarily block it from being acquired? I understand this happening in Europe but not America. I think America is going to lag behind in tech entrepreneurship just like Europe and I wonder what the next potential tech entrepreneurship hub will be.
It's not been arbitrarily blocked.