Venture capitalists typically would support antitrust actions against Big Tech due to the giants' impact on emerging startups. However, recent enforcement efforts have led to widespread backlash from the VC community. Following Figma's successful IPO and a surge in its stock price, former FTC Chair Lina Khan celebrated regulators' role in blocking an Adobe acquisition, asserting it created a more favorable environment for startups. Responses from Silicon Valley expressed disappointment and frustration, accusing Khan of claiming undue credit for Figma's success and voicing concerns over her antitrust measures.
A great reminder that letting startups grow into independently successful businesses, rather than be bought up by existing giants, can generate enormous value.
Colossal stupidity. Lina Khan cuts off the right hand of a genius pianist, who nevertheless perseveres and produces a one-handed masterpiece.
It's crazy that you prevented that acquisition and infuriating that you're taking credit for Figma's success.
She doesn't deserve s***. She has done zero.
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