831–840 of 1001 posts
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I could definitely see MSFT making an attempt, to bring Figma + VSCode closer together.
Sush… don’t give them any ideas
I’m an ex-Adobe employee who worked on Adobe XD, which is basically Adobe's answer to Figma. when Adobe decided to buy Figma, my first reaction was pretty much "Wait, what?" I wrote down my initial thoughts about it[^1], it felt like a losing situation all around - for Adobe, Figma, and all the designers out there. The only folks who really seemed to win were Figma's investors. Now, let's talk how bad the breakup dea…
FYI, the 2023 version of the design tools survey was published recently: https://uxtools.co/survey/2023/
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Not to mention the $1 billion termination fee Adobe now owes them.
Figma's employees are probably devastated and demotivated. Their exit dollar signs just went poof. And they've probably been working on Adobe's roadmap / integration for the past 15 months. I'm not so sure Figma is in a better spot, even with this new cash in hand.
That seems highly unlikely.
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What I find most sad about entrepreneurship is that almost all the successful founders appear to have been 'chosen' by a famous VC or investor. It's almost like what you do doesn't really matter. I've seen some 'chosen entrepreneurs' keep failing and they keep getting second, third, fourth chances and eventually succeed. Being chosen seems to be the most important element for success. But how to become chosen? It see…
Hey friend - you're wrong on this, although I understand how it might be comforting to think this is all some vast elite conspiracy. The reality is that you "become chosen" by building a company that is growing very quickly in a big market. That's it. Most successful startups didn't wait around for some name-brand VC to pick them (that's the most anti-entrepreneur mindset I can think of). The big funding happens much…
How is that a comforting thought? It's difficult to imagine anything more disturbing. At least if I admitted I was just a failure by my own hand, it would be much easier as I could try to improve myself. It would look like there is a small chance. That would be far more comforting.
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Curious: would you say that's reflective of Adobe's dev culture as a whole? I heard some similar comments coming out of a (claimed?) Lightroom developer about the motivations for that project...
Also ex-Adobe, worked directly with regulatory compliance in my role there. Adobe is a huge company with a diverse set of dev team cultures, but is a monoculture in regards to legal and regulatory compliance. They do not fuck around. (They're also very serious about security post-2013.)
Earlier quoted context omitted.
Not to mention the $1 billion termination fee Adobe now owes them.
Figma's employees are probably devastated and demotivated. Their exit dollar signs just went poof. And they've probably been working on Adobe's roadmap / integration for the past 15 months. I'm not so sure Figma is in a better spot, even with this new cash in hand.
Also, they are not working on any Adobe roadmap. Other than a few offsite brainstorm session, no real work has been put into integrating with Adobe.
[Pure speculation; I don't work in the UI space at all, and at neither of these companies] I wonder if Adobe is secretly happy about this. They were acquiring Figma at the peak of the market (for growth stock/startup valuations) because of the existential risks that Figma was threatening, due to their collaborative development UX. But since then: * Startup valuations have fallen. Ignoring regulatory concerns, a new a…
I don't know about Adobe's motives, but it sure looks like despite the "we ended the process by mutual agreement" talk, Adobe somehow walked away... otherwise they wouldn't let $1bn out of the window - unless they actually signed something along the lines "we will take responsibility if antitrust throws the deal away" but that would be quite unlikely in such a high profile transaction.
This is absolutely standard in M/A. Part of the risk of accepting an acquisition offer is that you're essentially putting your company's strategic future on hold, and if what you're doing that for falls through for any reason (including regulatory oversight) you want compensation for at least some of the lost time. Specifically, you won't even sign the acquisition contract without such a guarantee; the only real question is price.
Earlier quoted context omitted.
Also ex-Adobe, worked directly with regulatory compliance in my role there. Adobe is a huge company with a diverse set of dev team cultures, but is a monoculture in regards to legal and regulatory compliance. They do not fuck around. (They're also very serious about security post-2013.)
What happened in 2013?