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Figma Acquired by Adobe for $20 Billion

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MJ DeMarco

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Goliath Buys David

Adobe is on par with Intuit for destroying private companies. Also the stock plummeted 15%+ on the news, combined with lackluster earnings results. The small, nimble companies are laying shame to Adobe, and all they can do to compete is to buy up the competition.
 

jdm667

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View attachment 45151

Goliath Buys David :rofl:

Also fun fact, the M&A firm handling this transaction (if they have external help) will take home $600 Million based on the Lehman Scale.

View attachment 45152
Wasn't the sale price something like 50x Figma's projected annual revenue?

I am thinking the cost of the software will be going up soon ... plus layoffs.
 
G

GuestUser4aMPs1

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Adobe is on par with Intuit for destroying private companies. Also the stock plummeted 15%+ on the news, combined with lackluster earnings results. The small, nimble companies are laying shame to Adobe, and all they can do to compete is to buy up the competition.
Agreed I'm not thrilled by the news. I only just heard of Figma a month ago and started using it.

Thought to myself "Wow this is really great software! Sticking it to Adobe too for being free!"

Then this happens. Worst timing ever lmfao
 
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Ravens_Shadow

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Sauce: Adobe to Acquire Figma


I met Dylan and Evan, the founders of Figma in 2019 at a computer graphics party in their office. At the time they had just raised ~$80 million in VC funding and that alone was very impressive to me. Since then they grew to over $400 million in ARR and were just acquired by Adobe for $20 billion at a whopping 50x multiplier.

Insane how well SaaS products can do these days if you have a large enough market and follow the commandment of scale! These are just two normal guys building a business they love. It's within our reach too if we want it :)
 

Xeon

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This is a very sad day for designers. A tragedy.
 

heavy_industry

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Sauce: Adobe to Acquire Figma


I met Dylan and Evan, the founders of Figma in 2019 at a computer graphics party in their office. At the time they had just raised ~$80 million in VC funding and that alone was very impressive to me. Since then they grew to over $400 million in ARR and were just acquired by Adobe for $20 billion at a whopping 50x multiplier.

Insane how well SaaS products can do these days if you have a large enough market and follow the commandment of scale! These are just two normal guys building a business they love. It's within our reach too if we want it :)

This will be you one day soon ;)
 

Nopk

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This is a very sad day for designers. A tragedy.
Very true!
And it will be some wild few years when they compete with themselves for a bit (Figma/XD) and then probs try to merge the two :7
 

Xeon

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Very true!
And it will be some wild few years when they compete with themselves for a bit (Figma/XD) and then probs try to merge the two :7

I think they'll probably drop XD a while after Figma gets acquired, then sell Figma outside the Adobe Creative Suite subscription plan like the way they did with Substance Painter/Designer series. Probably $19.99/month lol F*ck them
 
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MJ DeMarco

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then sell Figma outside the Adobe Creative Suite subscription plan like the way they did with Substance Painter/Designer series. Probably $19.99/month lol F*ck them

Yes, you don't spend $20B and not monetize that investment with the intent on getting a return. I've seen this dog-n-pony show thousands of time, and it is never ends well for the consumer. Get ready to spend a lot more cash for less (or the same) value, of course, all lipsticked in an email that says, "Good News!"
 
G

Guest-5ty5s4

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Adobe is on par with Intuit for destroying private companies. Also the stock plummeted 15%+ on the news, combined with lackluster earnings results. The small, nimble companies are laying shame to Adobe, and all they can do to compete is to buy up the competition.
True for most mega companies. They won't last forever (without bailouts)
 

Xeon

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Ironic. The "anti-Adobe" company Figma became a sellout overnight by being a part of Adobe.
 

heavy_industry

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Ironic. The "anti-Adobe" company Figma became a sellout overnight by being a part of Adobe.
Perhaps they should change the name from Figma to Stigma.
 

MJ DeMarco

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Adobe is a peak example on how opportunity is created, and billion dollar competitors arise to compete with it.

I peeked into Adobe After Effects this last weekend and was amazed how convoluted and complicated it was. A PhD in patience was needed to learn it, as well as using it. No doubt it is a powerful piece of software, but the average person doesn't have 300 hours trying to learn it.

I dread the day Canva is bought by Adobe, because you know damn well, Canva has stole billions in Adobe's market share.
 
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Oso

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This breaks my heart, but also leaves the market open for another replacement. There are quite a few handfuls of companies trying to imitate Figma, however they're absolutely lacking in overall quality/features. And unfortunately this lies outside of my technical scope (software development vs web development), and I'd rather avoid learning C/Java.
 

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This breaks my heart, but also leaves the market open for another replacement. There are quite a few handfuls of companies trying to imitate Figma, however they're absolutely lacking in overall quality/features. And unfortunately this lies outside of my technical scope (software development vs web development), and I'd rather avoid learning C/Java.

Framer is a good one.
 

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Xeon

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Bad news. Figma is extremely fast because it doesn't have laggy Adobe tech in it, now they want to add them in.
 

MJ DeMarco

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Lot of this appeared last month...


Now via Bloomberg...

Department of Justice is preparing an investigation into the Adobe/Figma deal.
(Sorry link is not yet available)
 
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Xeon

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Anon3x156

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Maybe it's not going through after all! Will the founder of Figma need to transfer $20 billion back to Adobe if the deal is cancelled? Lol
no way he's sending that money back bro's about to bolt with that Adobe bag
 
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Jon822

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Okay so:
1. Build better software that does the same thing as Adobe products (as long as it works, it's already better)
2. Get noticed by Adobe
3. $$$$$$$$$$$$$$$$$$$$$$$$$
 

MJ DeMarco

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