Evidence receipt / belief
Published · transcript-backedBen Gilbert: belief
4 Oct 2022 Acquired ACQ Sessions: Jason Calacanis
“Even though they paid a tremendous premium, 50x revenue multiple because of the network effects that Figma has and obviously all the product stuff, but if they can get that through Adobe's channel, I think that is an absolute win-win acquisition.”
Source trail
Everything needed to verify it.
- Speaker
- Ben Gilbert
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 4 Oct 2022
- Publisher
- Acquired
- Episode
- ACQ Sessions: Jason Calacanis
Transcript context
…Yeah, not investment advice. Okay, here's my theory on this. They bought Figma and tanked. I was like, why do people hate this? They're like, oh, no, Adobe is admitting defeat. They can't innovate in-house. To me, I look at it like Adobe has customer channel. It was foretold five-plus years ago that they were not going to build the next Figma. That would be a full rewrite of their entire software stack. Even though they paid a tremendous premium, 50x revenue multiple because of the network effects that Figma has and obviously all the product stuff, but if they can get that through Adobe's channel, I think that is an absolute win-win acquisition. All these people, that are like, oh, they're going to ruin it, they're going to kill Figma. No, they're not. That's why they paid $20 billion dollars for it and have a gigantic bonus for Dylan to stay on board. They're taking a YouTube approach. I think everybody in M&A knows now like let it be.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.