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)#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.
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.
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.