Honestly, as a Figma user and fan, this is great news. For Figma employees probably not so much.
Figma and Adobe abandon proposed merger
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Re: Figma and Adobe abandon proposed merger
#22There's a $1B fall through fee, I assume that gets paid to Figma now? I wander if that will make its way to early employees who were hoping for a liquidity event.
Re: Figma and Adobe abandon proposed merger
#23It looks like regulators are actually doing their job. I would love to see more of this, along with breaking up companies that have gotten too big for their britches.
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.
Re: Figma and Adobe abandon proposed merger
#24It looks like regulators are actually doing their job. I would love to see more of this, along with breaking up companies that have gotten too big for their britches.
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.
Re: Figma and Adobe abandon proposed merger
#25It looks like regulators are actually doing their job. I would love to see more of this, along with breaking up companies that have gotten too big for their britches.
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.
Both those things can be true and both can be legitimate interests.
Re: Figma and Adobe abandon proposed merger
#26It looks like regulators are actually doing their job. I would love to see more of this, along with breaking up companies that have gotten too big for their britches.
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 vast majority of companies are little "lifestyle" businesses without any intention of ever getting acquired by anyone. Your local pizza shop doesn't expect to be a unicorn.
Re: Figma and Adobe abandon proposed merger
#27Re: Figma and Adobe abandon proposed merger
#28Earlier quoted context omitted.
Except outlawing acquisitions by larger tech companies will absolutely reduce funding and incentives to start companies, and result in less products, less companies, and less competition.
This is so far from outlawing. And we are soooooo far from having a shortage of tech startups.
It's not that far. A bureaucrat will decide if you can exit the way you want to. Still want to fund this venture?
> And we are soooooo far from having a shortage of tech startups.
Because there hasn't been a fear of them blocking exits.
Re: Figma and Adobe abandon proposed merger
#29It looks like regulators are actually doing their job. I would love to see more of this, along with breaking up companies that have gotten too big for their britches.
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.
or to make profit. Being acquired used to mean you failed, and had to suck your pride in and let someone else buy you out to pay off your debts.
Re: Figma and Adobe abandon proposed merger
#30Excellent news. I think there should be more products, more companies, and more competition. Adobe just buying up it's competition will only ever directly hurt consumers. See also, "Adobe says the FTC is looking into its subscription cancellation practices." https://www.theverge.com/2023/12/15/24003532/adobe-says-the-...
Except outlawing acquisitions by larger tech companies will absolutely reduce funding and incentives to start companies, and result in less products, less companies, and less competition.