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Building tools to dethrone Photoshop, Illustrator and After Effects IS a good business though. You’ve essentially swapped just over 1 year of Adobe revenue for

Building tools to dethrone Photoshop, Illustrator and After Effects IS a good business though. You’ve essentially swapped just over 1 year of Adobe revenue for a quick exit instead of building the system that delivers $15B+ yearly by dethroning them. 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. Lots of people shared the same sentiment you just did about Instagram selling to FB. Look at them now, if IG had continued alone the idea to sell to FB would be a joke at this point.

lotsofpulp 4y ago
> 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. There is no objective “good” or “bad” move. If the owner feels like selling and that helps them meet their goals in life, then that is “good” for them. If iPhone or Android owners want to bet they can usurp Nokia and want to take on more risk, then that is “good” for them.
pharmakom 4y ago
Or maybe they just sold RiM or HTC at the peak. Certainty has significant value.
krn 4y ago
> You’ve essentially swapped just over 1 year of Adobe revenue for a quick exit instead of building the system that delivers $15B+ yearly by dethroning them. 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. The decision to sell to Adobe was surely based on many calculations. Just like Whatsapp's decision to sell to Facebook for $19B. > 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. Android Inc. was a company sold to Google in 2005 for short term profit: https://en.wikipedia.org/wiki/Android_(operating_system)#History https://en.wikipedia.org/wiki/Android_(operating_system)#His... Where would Android be now without the backing of Google? Where would iPhone be now without the backing of Apple? > Lots of people shared the same sentiment you just did about Instagram selling to FB. Look at them now, if IG had continued alone the idea to sell to FB would be a joke at this point. There are multiple accounts of how many resources, human capital, and know-how Facebook put into Instagram to scale it. The same can be said about YouTube in the hands of Google. You would probably say, that selling Vine to Twitter was a great decision, because it got eventually shut down as being worthless. But look at where Bytedance is with TikTok now.

lotsofpulp 4y ago

> 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. There is no objective “good” or “bad” move. If the owner feels like selling and that helps them meet their goals in life, then that is “good” for them. If iPhone or Android owners want to bet they can usurp Nokia and want to take on more risk, then that is “good” for them.

pharmakom 4y ago

Or maybe they just sold RiM or HTC at the peak. Certainty has significant value.

krn 4y ago

> You’ve essentially swapped just over 1 year of Adobe revenue for a quick exit instead of building the system that delivers $15B+ yearly by dethroning them. 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. The decision to sell to Adobe was surely based on many calculations. Just like Whatsapp's decision to sell to Facebook for $19B. > 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. Android Inc. was a company sold to Google in 2005 for short term profit: https://en.wikipedia.org/wiki/Android_(operating_system)#History https://en.wikipedia.org/wiki/Android_(operating_system)#His... Where would Android be now without the backing of Google? Where would iPhone be now without the backing of Apple? > Lots of people shared the same sentiment you just did about Instagram selling to FB. Look at them now, if IG had continued alone the idea to sell to FB would be a joke at this point. There are multiple accounts of how many resources, human capital, and know-how Facebook put into Instagram to scale it. The same can be said about YouTube in the hands of Google. You would probably say, that selling Vine to Twitter was a great decision, because it got eventually shut down as being worthless. But look at where Bytedance is with TikTok now.