Adobe acquires Figma for $20B, Patagonia founder donates profits + Streaming consolidation | E1561
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 16 September 2022
⏱️ 66 minutes
🧾️ Download transcript
Summary
J+M kickoff the show by discussing Adobe acquiring Figma for $20B! (2:30) Then, they cover Patagonia's founder donates nearly all profits to solve climate change. (21:53) Finally, Lon Harris joins to discuss streaming consolidation, consumer burnout, and some interesting new projects! (46:36)
(0:00) J+M tee up today's topics!
(2:30) Adobe acquires Figma for $20B in a cash and stock deal!
(14:42) LinkedIn Marketing - Get a $100 LinkedIn ad credit at https://linkedin.com/thisweekinstartups
(16:12) Post-merger thesis, large deal user diligence
(21:53) Patagonia founder donates his profits to solving climate change
(29:46) SnackMagic - Get 10% cashback up to $1000 until October 15th with code HOLIDAY, and see more at snackmagic.com/twist
(31:08) Lon Harris joins to break down the state of streaming: consolidation is coming
(37:26) Microsoft for Startups Founders Hub - Apply in 5 minutes, no funding required, sign up at http://aka.ms/thisweekinstartups
(38:49) More cuts coming to $WBD, price increases coming to Disney+ and other services, streaming fatigue
(46:36) New content to keep an eye on!: new Blade Runner series green lit at Amazon, Spotify series coming to Netflix, and more
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Transcript
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| 0:00.0 | Hey, everybody. Hey, everybody. It is Thursday. Oh, we're going to make it, Molly. You and I just drag me over to finish line. |
| 0:06.0 | Cheers. |
| 0:07.0 | Oh, good job. |
| 0:09.0 | Good job. |
| 0:10.0 | And then tonight we have to do our first appearance together in public at a private event. |
| 0:16.0 | But today, we're going to talk about a huge, huge M&A out of nowhere. |
| 0:21.0 | Adobe is buying Figma for $20 billion. |
| 0:28.0 | This is like startup fairy tale right now. We just get to play the full Prince Charming startup dream from start to finish. |
| 0:38.0 | We're going to go from we're going to do the seed investor multiples all the way to the acquisition. |
| 0:43.0 | It's delightful. And then we're going to talk about the justification for the justification for this. |
| 0:49.0 | So we go into the detail of how does Adobe justify paying probably three or four hundred times revenue for this company. |
| 0:55.0 | Totally. And how you start up founder when we ask you what happens when the incumbent builds the thing you're building. |
| 1:02.0 | We're going to give you the answer to that question also. |
| 1:04.0 | And then our guy on Harris is here for this week and streaming. |
| 1:07.0 | We're going to talk about the heavy winds. We're talking about the layoffs general Zodzlof is doing at Warner Brothers. |
| 1:13.0 | Some new shows coming out that you should look for, including the Spotify story and Blade Runner 2099. |
| 1:21.0 | Wow, we love their sales. Their sales are the best. It's going to be a great show. Stick with us. |
| 1:27.0 | This week in startups is brought to you by LinkedIn marketing to redeem a free $100 LinkedIn ad credit and launch your first campaign. |
| 1:36.0 | Go to LinkedIn.com slash this week in startups. |
| 1:41.0 | Snack magic and swag magic are global gifting platforms and the most stress free and customizable way to delight employees or customers. |
| 1:50.0 | Get 10% cash back up to $1,000 until October 15 with code holiday and see more at snackmagic.com slash twist. |
| 2:01.0 | And the Microsoft for startups founders hub helps all founders build a better startup at a lower cost from day one. |
... |
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