Yeah, it sucks, I get why people don't like it, but I've also never had a machine "crippled" by CC. > Installing CC immediately cripples your machine and it can’t ever be uninstalled. But if they took any money from investors, they must have an exit. > The fact that many of the acquiring companies in these stores are still largely controlled by their founders is telling.įor some companies the right exit is IPO, for others – acquisitions. – Maybe the founders had other ideas they wanted to work after their vesting with Adobe expires. – Maybe the investors wanted the have an exit now, 10 years after the company's creation – Maybe were was an extremely high risk of Adobe acquiring another competitor or building a competitive product in-house – Maybe reaching the $20B market cap after an IPO would have taken a very long time for Figma on its own There could be many reasons behind the decision to sell to Adobe for $20B: The job of an entrepreneur is to calculate everything and to make the right decision in every situation. > But if you think "the job" of the entrepreneur is simply to have a good exit, well the world would be gravely impoverished if entrepreneurs in general shared your view. But look at where Bytedance is with TikTok now. You would probably say, that selling Vine to Twitter was a great decision, because it got eventually shut down as being worthless. The same can be said about YouTube in the hands of Google. There are multiple accounts of how many resources, human capital, and know-how Facebook put into Instagram to scale it. Look at them now, if IG had continued alone the idea to sell to FB would be a joke at this point. > Lots of people shared the same sentiment you just did about Instagram selling to FB. Where would Android be now without the backing of Google? Where would iPhone be now without the backing of Apple? was a company sold to Google in 2005 for short term profit: > Claiming this is a good move is the same as claiming selling the iPhone or Android to Nokia for short term profit would have been a good business move.Īndroid Inc. Just like Whatsapp's decision to sell to Facebook for $19B. The decision to sell to Adobe was surely based on many calculations. The question for Figma was, if they would ever reach $20B+ market cap after an IPO, and how long it would take them to do so.
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