Adobe

“It's much, much, much easier to build value when you're competing against a monolithic product company versus an entangled platform company.”

“It's the largest private company purchase I believe in history.”

“If you asked me, if I was a betting man, I think this thing is going to close.”

“Shantanu is one of the best CEOs of the last few decades in the public markets.”

“When they promise the founder that you'll be left alone, that usually lasts two years. That's coincidentally, usually the length of the earn out or the golden handcuffs.”

“They made specific note when they launched this that all of this is done with stock photography. They have the complete license to so they can monetize this without getting sued.”

“Figma has no interest in competing with Photoshop. They're not going to compete. They, they're much more interested in AI. They're much more interested in doing things like prompt to design to code. They're not interested in building, you know, a Photoshop com…”

“And that, that Figma Adobe deal, it was a twenty billion dollar deal, but with the rise in Adobe stock, it's really a thirty billion dollar deal if it would have been consummated, because half the consideration was in Adobe stock, and that has basically double…”

“The fact that regulators took 15 months to analyze the deal, only to come to the conclusion that they basically weren't going to allow it, and then Adobe finally killed it, is going to have a chilling effect on M&A in Silicon Valley. I mean, if acquirers and t…”

“Figma filed their S one Q one revenues, two hundred and twenty eight million. You remember they were going to get bought by Adobe before, before it got stopped. And they have thirteen million monthly active users, a billion and a half in cash, no debt.”