News for hackers. Stuff that matters.
Re:Figma and Adobe are abandoning our proposed merger by uxp8u61q on Monday December 18, 2023 @09:09AM (#38682716)
> The entire purpose of starting a company is to get acquired.

I imagine this claim is satire, given how outlandish it is. But if I were to take it at face value for a second... Acquired by whom? Other companies... Who were started to... Get acquired themselves? Where did these other companies get the money to begin with? Etc. This is just a stupendously ridiculous take, I just cannot consider it was made in good faith.

> Of the literally hundreds of companies that YC has invested in, only 5 have gone public.

YC is a droplet in the ocean of the economy. Even if we just look at the US, about five million businesses were started in 2022 alone. https://www.census.gov/econ/bfs/index.html

Re:Figma and Adobe are abandoning our proposed merger by scarface_74 on Tuesday December 19, 2023 @07:38AM (#38694805)
So how many VC funded companies do you think get acquired instead of IPOing?