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Reflecting On Haystack’s Investment In Figma – Semil Shah Blog

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I knew at some point I would write this post. I didn’t know exactly when, though recently with all the inside baseball chatter I’m privy to, I knew it would go this way, that Figma would not be acquired by Adobe. There are surely many reasons smart people feel the proposed merger was anti-competitive; and many reasons other smart people believed the deal had merit. I can’t get into that debate here, because I don’t fully understand the intricacies of the FTC and the forces that influence it. There’s also been significant technological (generative artificial intelligence) and financial (macroeconomic conditions, banking crises, and valuation multiple compression) shifts in the 15 months since the original merger was proposed in late September 2022. These shifts provide plausible motives for a deal to break, but I don’t think it will be productive to drift into conspiracies here. I’ll talk about two things I do feel comfortable with as I’ve lived each. One, Haystack is proud to be an ear

I knew at some point I would write this post. I didn’t know exactly when, though recently with all the inside baseball chatter I’m privy to, I knew it would go this way, that Figma would not be acquired by Adobe. There are surely many reasons smart people feel the proposed merger was anti-competitive; and many reasons other smart people believed the deal had merit. I can’t get into that debate here, because I don’t fully understand the intricacies of the FTC and the forces that influence it. There’s also been significant technological (generative artificial intelligence) and financial…

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