Adobe

“Yeah, you're going to reach a point where, like, if you didn't want to be part of Adobe, then you shouldn't have taken the fucking twenty billion dollars. Which was always the problem with WhatsApp. Like, and yes, there were all sorts of things about broken pr…”

“What tends to happen is that firstly, firstly, so there's two bits to this. Firstly, the new tool tends to be bad at the things that the old tool is valued for, but add some completely new kind of capability. That turns out to be structurally extremely difficu…”

“So yes, it's certainly a top 10 software acquisition.”

“It's really difficult to add that real time, multiple people working on it, multiple people collaborating at the same time to like a 50 meg binary file that was never intended for that and software that was never built for that. And so you'd almost kind of hav…”

“This is clearly an existential question because this thing is going to grow. You know, it is going to grow, expand and take over all of Photoshop and all of Illustrator. It's going to be the better way of doing that in a way that Google docs never really did f…”

“Adobe has basically done what Disney did in movies. They bought all the cool shit, and it's all Adobe.”

“The market cap was down more than twenty billion dollars.”

“The TAM for the collaboration around the video edit was actually much bigger than the TAM for the video edit.”

“Adobe bought that for like one and a quarter from memory. Which interestingly was roughly the same as Avid's market cap and Avid is the leader in pro video editing.”

“It would have been actually strategically much more interesting for Microsoft to buy this, whereas for Adobe it's just really fucking obvious. Of course they should buy it, and they should have bought it five years ago.”

“Adobe isn't, I think, right up there as one of those companies that you know, intentionally listens to their customers, but also they're much bigger than Figma.”

“So they've kind of productized mid journey because mid journey basically isn't a product at the moment. It's a discord channel.”

“One of them is that the models are open source and the compute will get better and the models will get more efficient. And so if you want to do the scenario or just outlined, it's not like Facebook or Google or Adobe can stop you.”