Why Figma is Worth $20B And Other Observations From The Adobe Acquisition

Hint: The Answer Doesn’t Involve a Spreadsheet

I’m not an investor in Figma. I don’t know Figma CEO Dylan Field. And I’m not a designer. So this means I’m either perfectly positioned to give you my objective comments on Adobe’s $20 billion purchase of the startup, or totally unqualified to ask for your time on this matter. With that out of the way, here are three statements about this acquisition.

1. Is Figma really worth $20 billion? I mean that’s 50x…