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Good morning , and welcome to Tuesday !

It ’s been more than a year since Adobe announced that it destine to buy Figma for $ 20 billion , yet the two companies are still disjoined entities . As TechCrunch+ ’s Ron Miller point out , a year is a really long time in the tech mankind . So what ’s the holdup ?

Full TechCrunch+ articles are only available to phallus . Use discount codeTCPLUSROUNDUPto bring through 20 % off a one- or two - yr subscription .

To put it simply : When a society wants to swoop up in and buy another company hear as a competitor , and the rival happens to be the darling of the design community , that sets off alarm Bell for regulatory physical structure in the U.S. , U.K. and EU . But is the deal anticompetitive ? It depends on who you demand .

glad Halloween !

Karyne

@karynelevy

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More than a year later , the $ 20B Adobe - Figma deal is still stuck in regulatory limbo

There could be a simple reason why seed deals are so expensive today

The venture market has been steady sign on , with tardy - stage trade becoming little , cheaper and scarcer . But when you look at seed investment , though overall volume is declining , the mickle are price at all - sentence high .

Capturing spread is a powerful but less understood business model available for some startups

When you think of successful business concern models , obviously B2B SaaS and internet advertizement do to mind . And if your party lands in one of those two areas , you jazz the expression for profitability .

There is another model , though , called “ capturing paste , ” which is choose in a small amount of taxation on a bounteous flow of cap . It ’s not as profitable , but it could be the correct move for your startup .

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Deal Dive: Bagels with a schmear of venture capital

Popup Bagels recently raised an $ 8 million Series A , which had TC+ ’s speculation reporter — and ego - proclaim bagel snoot — Rebecca Szkutak conjure her eyebrow . After all , should n’t a mom - and - pop bagel workshop qualify for a diminished business loanword ? But what makes Popup seem more like a speculation - backable occupation is its focal point and tip operations . Oh , Becca report that the bagels are reasonably good , too !

Pitch Deck Teardown: Aether’s $49M Series A deck

“ Aether ’s pitch deck is a real principal - scratcher , ” publish pitch pack of cards expert Haje Jan Kamps . Though it got a few things proper , there are a couple places where it could improve . For example , Haje point out that it was “ the high-risk ‘ use of goods and services of cash in hand ’ sliding board ” he ’s seen in years . It ’s also missing a team slide . So how ’d the caller raise almost $ 50 million ?