This Week in Startups Adobe acquires Figma for $20B, Patagonia founder donates profits + Streaming consolidation | E1561
Sep 16, 2022
Lon Harris, a streaming industry expert, joins to discuss the evolving landscape of streaming services and the immediate impact of consolidation. He highlights consumer burnout from numerous subscriptions and the rising prices for content. The conversation also touches on exciting new projects like the 'Blade Runner 2099' series on Amazon and a Spotify series coming to Netflix. Additionally, Harris examines how these changes reflect broader trends in the market and what they mean for both consumers and content creators.
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Figma Acquisition
- Adobe acquired Figma for $20 billion, the largest takeover of a private software company.
- This resulted in a 413x return for Figma's Series A investors.
Figma's Virality
- Figma's virality, like Slack and Google Docs, gave it a competitive edge.
- Adobe should've made their competing product free to counter this.
Microsoft Teams vs. Slack
- Microsoft bundled Teams with Office 365, effectively making it free.
- This forced Slack to improve significantly and compete more aggressively.
