All-In with Chamath, Jason, Sacks & Friedberg E96: Adobe acquires Figma for $20B, TPB SPAC, FedEx CEO's recession warning, macro picture & more
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Sep 17, 2022 The podcast dives into Adobe's massive $20 billion acquisition of Figma, analyzing its potential effects on the design tech landscape and Adobe's stock. The hosts also discuss Google's previous acquisition of YouTube and its transformative impact. Additionally, they explore the critical role of agronomists in agricultural tech, the global implications of the Ukraine conflict on food security, and FedEx's recession warnings. Legal battles, currency dynamics in commodities trading, and military strategies related to public perception add depth to the conversation.
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Figma's Growth
- Adobe's acquisition of Figma for $20B is justified by Figma's rapid growth.
- Figma's ARR ramp is phenomenal, from $700k in 2017 to a projected $800M in 2023.
Adobe's Paradigm Shifts
- Adobe faced three paradigm shifts: desktop to cloud, yearly to subscription pricing, and single-player to multiplayer collaboration.
- Acquiring Figma addresses these shifts, bringing cloud expertise and a collaborative model.
Yammer's Fate
- David Sacks recounts his experience with Yammer's acquisition by Microsoft.
- Despite initial independence, Yammer lost its go-to-market organization and faded after integration.