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by adventured 1368 days ago
Adobe got the money in the first place via skill. Photoshop has been the leading photo editing software for a generation. Hundreds of companies over decades, some with deep pockets, have tried to knock them off and have failed.

Figma didn't lose the money game, they sold out specifically to reap the money. The owners of Figma - where the profits tend to go in a business - are extracting at an epic scale. They sold out at a valuation far beyond anything sane. They won the money game big time.

3 comments

Arguably, the money game is exactly what Figma was playing all along. Dylan's good at this game, as are the VCs he partnered with.

Figma's flagship product was private equity. The design tool was secondary.

Makes you wonder whether all of this makes any sense, since the end result isn't humanity ending up with great tools to assist human lives, but a select few with capital getting even more capital, to the detriment of the former goal.
You're just figuring out how the world works today?
Yes.
> Figma's flagship product was private equity.

Care to elaborate?

Photopea guy must be making large coughing noises right now.
They have not failed because they couldn’t get a great product out. They have failed because so many people are trained on Adobe products an just use those.
Yes. At an individual level, they ask the question: "Delay my deliverables a week or two in frustration as I retrain; or, pay $300". User by user, the decision is obvious: pay the ransom and move on with your life.
I did not mean it this way. The user will always ask the question: „Can i use another software for less money/more value“. Those who can will turn their back on adobe as the company is greedy and lazy. Problem is: if your company/client is a large cooperation you dont have any choice. Never underestimate professional users.