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> Who is David Wadhwani, the person Figma is going to report to? (...) A little further research shows he joined Adobe in June 2021, just over a year ago. His l
by bambax 4y ago
> Who is David Wadhwani, the person Figma is going to report to? (...) A little further research shows he joined Adobe in June 2021, just over a year ago. His last position prior was Venture Partner at venture capital firm Greylock. (...) Greylock invested in Figma in Series A, B, C, D, and E! Figma Series A’s price was $0.2 per share; it 200x’ed at the acquisition deal.
Even if he didn't personally invest in Figma, this doesn't look good at all.
- alexghr 4y agoMaybe the author should've opened David Wadhwani LinkedIn profile instead of just linking to it. He worked for Adobe for 13 years until 2015 and rejoined in 2021. PS: not defending the purchase or Adobe but this statement in the article is factually wrong ¯\_(ツ)_/¯
- bmitc 4y agoDoes that qualify as a form of insider trading or some other violation of FTC regulations?
- desindol 4y agoBy now we know that if it’s only unethical it doesn’t violate regulations.
- est31 4y agoYou can also spin it the other way, that Adobe hired an expert on Figma, someone who knew it well, has seen it grow, knew how it looked on the inside, and would probably easily spot any time the Figma team would be bullshitting during negotiations. At least one such person on your team is I think a major asset, but of course someone like that will likely still be connected in some fashion to that company, and create possible conflict of interest situations which means legal risk.
- mike_hearn 4y agoWouldn't that be more of a consultant role, rather than having the entire newly acquired org report to him as a manager?
- maccard 4y agoWould you hire a consultant to manage a $20bn relationship or a FTE?
- plopilop 4y agoComplete noob in business/whatever this is, why doesn't this look good?