Figma and Adobe are abandoning our proposed merger

Re:Figma and Adobe are abandoning our proposed merger by codeptualize on Monday December 18, 2023 @09:54AM (#38683280)

There is nothing wrong with that if that is the type of company you build from the start. VC funded startups generally want to have an exit/IPO to get a return for their investors and give their founders and employees an opportunity to cash out and de-risk. Without an exit or IPO that is a lot harder, especially for employees.

It's about the expectation of everyone involved.

Eventually every company needs to turn a profit, so for the company it might not make that big of a difference or even be better (if they can turn a profit which I assume Figma can), but for the investors and individuals involved it's a very different situation as it means their capital is pretty much stuck. And I bet a $20B exit would be life changing money for a lot of people involved.

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Re:Figma and Adobe are abandoning our proposed merger by david38 on Monday December 18, 2023 @11:24AM (#38684639)

“Everyone involved” includes customers

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Re:Figma and Adobe are abandoning our proposed merger by codeptualize on Monday December 18, 2023 @03:46PM (#38687979)

Those should also know that this is a VC backed company that is going to try to provide a return on investment at some point.

I do think its the right outcome and better for customers, the government is doing what it needs to do.

But I still empathize with the people involved.

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