DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
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For the longest time, all my newsfeed was about the Queen, then Federer’s retirement, then Figma.
For those who don’t know what Figma is, its the future of what Adobe should have been.
Its the Kim Kardashian of design software, except it actually works and fans absolutely love it.
So Adobe bought it.
How much?
Aaahh, that is where it gets really interesting.
A typical Saas goes maybe 6–12X revenue.
Adobe just bought Figma for 50X.
$20 freaking billion dollars.
Consider for a second that we are all in a muddy, damp and icky down market now.
50X multiple?
Wow! They must really, really want it.
Did they overpay?
Perhaps, but to forestall the inevitability of Figma eclipsing them and eating their lunch, Adobe had to pull the move of buying out their competitor sooner rather than later.
The genius of Figma was its brilliant user experience and collaborative function.
Will Adobe buy, crush and sweep it under the rug like what all the big players do?
Possibly, big companies love doing that to their fresh acquisitions.
How will the Figma loyalists react?
Some are already crying for help.
Of all the news and backstories reported, the coolest one might be the fact that that Figma’s founder was a Thiel Fellow.
“The deal will make Field the wealthiest recipient of the Thiel Fellowship, given his $2B+ stake in Figma.”
Peter Thiel is one of the original PayPal mafia and he made his money after selling PayPal and founding Palantir.
Along with his strings of highly lucrative investments and huge investment funds, he is worth around $4B.
He was the first outside investor of FaceBook (imagine how much he made from FaceBook’s successes) and is a razor-sharp debater.
He founded the Thiel Fellowship, which essentially gave students $100K to do whatever they want, provided they dropped out of college and work on the idea full-time.
Thiel Fellows are also known as 20 under 20. Young genius who are given resources and mentorship to blossom.
But like black magic, it worked.
Who are some of the little geniuses that came out of the fellowship and rocked the world?
Vitalik Buterin, oh no biggie, he just founded Ethereum and is worth around $1.5B.
Ritesh Agarwal, founder of OYO Rooms, the youngest billionaire in India.
Austin Russell, founder of Luminar Technologies, the world’s youngest self-made billionaire.
Boyan Slat, founder of the Ocean Cleanup, on the path to cleaning up the oceans.
Never underestimate the potential of young humans.
With the right ingredients, the proper resources and the adequate push in the right direction, something short of a miracle might just happen.
Vitalik Buterin, the co-founder of Ethereum, at age 28, is worth around $1.5 Billion.
Perhaps Canva?
They are currently valued at around $40B, which is a sizeable bite for Adobe ($135B market cap) I guess.
What that means for startups is that with all these major acquisitions happening, the market is ready for more enterprising, disruptive tech to come in.
Consider unbundling Adobe’s offerings and see how you can selectively enhance the user experience in one niche that will allow you to get product-market fit and blossom from there.
That was how Figma, Canva and so many other did it.
-
Did Adobe overpay for Figma?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #canva #figma #adobe #acquisiton #designer #competition #peterthiel #thielfellow #vitalikbuterin #boyan #austinrussell #Riteshagarwal
For the longest time, all my newsfeed was about the Queen, then Federer’s retirement, then Figma.
For those who don’t know what Figma is, its the future of what Adobe should have been.
Its the Kim Kardashian of design software, except it actually works and fans absolutely love it.
So Adobe bought it.
How much?
Aaahh, that is where it gets really interesting.
A typical Saas goes maybe 6–12X revenue.
Adobe just bought Figma for 50X.
$20 freaking billion dollars.
Consider for a second that we are all in a muddy, damp and icky down market now.
50X multiple?
Wow! They must really, really want it.
Did they overpay?
Perhaps, but to forestall the inevitability of Figma eclipsing them and eating their lunch, Adobe had to pull the move of buying out their competitor sooner rather than later.
The genius of Figma was its brilliant user experience and collaborative function.
Will Adobe buy, crush and sweep it under the rug like what all the big players do?
Possibly, big companies love doing that to their fresh acquisitions.
How will the Figma loyalists react?
Some are already crying for help.
Of all the news and backstories reported, the coolest one might be the fact that that Figma’s founder was a Thiel Fellow.
“The deal will make Field the wealthiest recipient of the Thiel Fellowship, given his $2B+ stake in Figma.”
Peter Thiel is one of the original PayPal mafia and he made his money after selling PayPal and founding Palantir.
Along with his strings of highly lucrative investments and huge investment funds, he is worth around $4B.
He was the first outside investor of FaceBook (imagine how much he made from FaceBook’s successes) and is a razor-sharp debater.
He founded the Thiel Fellowship, which essentially gave students $100K to do whatever they want, provided they dropped out of college and work on the idea full-time.
Thiel Fellows are also known as 20 under 20. Young genius who are given resources and mentorship to blossom.
But like black magic, it worked.
Who are some of the little geniuses that came out of the fellowship and rocked the world?
Vitalik Buterin, oh no biggie, he just founded Ethereum and is worth around $1.5B.
Ritesh Agarwal, founder of OYO Rooms, the youngest billionaire in India.
Austin Russell, founder of Luminar Technologies, the world’s youngest self-made billionaire.
Boyan Slat, founder of the Ocean Cleanup, on the path to cleaning up the oceans.
Never underestimate the potential of young humans.
With the right ingredients, the proper resources and the adequate push in the right direction, something short of a miracle might just happen.
Vitalik Buterin, the co-founder of Ethereum, at age 28, is worth around $1.5 Billion.
Perhaps Canva?
They are currently valued at around $40B, which is a sizeable bite for Adobe ($135B market cap) I guess.
What that means for startups is that with all these major acquisitions happening, the market is ready for more enterprising, disruptive tech to come in.
Consider unbundling Adobe’s offerings and see how you can selectively enhance the user experience in one niche that will allow you to get product-market fit and blossom from there.
That was how Figma, Canva and so many other did it.
-
Did Adobe overpay for Figma?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #canva #figma #adobe #acquisiton #designer #competition #peterthiel #thielfellow #vitalikbuterin #boyan #austinrussell #Riteshagarwal
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