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Canva

includes Canva Enterprise, Canva Create, Canva 2.0, Canva Foundation, Canva Glow Up, Canva Pro, Canva Code, Canva Docs, Canva Magic Media, Canva For Work

113 statements across 29 episodes · 51 bullish · 13 bearish · 17 people on the record · first statement Jun 10, 2016 by Melanie Perkins · said 512 times in 97 episodes since 2016 · across every show →

Mentions by year, the whole family

brought up most by Harry Stebbings (214), Jason Lemkin (63), Cameron Adams (44), Cliff Obrecht (41), Wesley Chan (27), Melanie Perkins (19), Rory O'Driscoll (10), Vince Hankes (7)

tap a year for its mentions
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0204020162017201820192020202120222023202420252026episodes it came up in
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2026 91 mentions in 18 episodes 5 per episode
2025 138 mentions in 33 episodes 4 per episode
2024 102 mentions in 13 episodes 8 per episode
2023 87 mentions in 14 episodes 6 per episode
2022 39 mentions in 8 episodes 5 per episode
2021 5 mentions in 3 episodes 2 per episode
2020 2 mentions in 2 episodes 1 per episode
2019 1 mention in 1 episode
2016 47 mentions in 5 episodes 9 per episode

every mention, scene by scene, with the transcript →

Everything said about Canva, oldest first

Jun 10, 2016 positive
Opinion
Hiring elite engineering talent in Sydney is easier than in San Francisco
“So we've been very fortunate that it's a lot easier here, I think, to find incredible engineers than it is perhaps in San Francisco.”
Melanie Perkins Jun 10, 2016 ▶ 9:09 20VC: Start Niche, Move Broader & Become Profitable Quickly with Melanie Perkins, Founder & CEO @ Canva
Jun 10, 2016
Assertion Supported
Google Maps co-founder Lars Rasmussen acted as Canva's initial technical hiring filter
“One of the first people that I met was Lars Rasmussen, who co-founded Google Maps, and he was extremely helpful because he would actually, he realized the technical complexity of the project that we were trying to build, and so acted as the filter on who could…”
Melanie Perkins Jun 10, 2016 ▶ 9:54 20VC: Start Niche, Move Broader & Become Profitable Quickly with Melanie Perkins, Founder & CEO @ Canva
Jun 10, 2016 positive
Insight
Canva iterated its pitch deck over 100 times to pre-answer investor objections
“Every time we got feedback back from investors, whether or not it was positive or negative, we'd incorporate that back into our pitch deck and we continuously refined it. And so, at the start, we started off with a pitch deck that was just a few pages, and by …”
Melanie Perkins Jun 10, 2016 ▶ 14:31 20VC: Start Niche, Move Broader & Become Profitable Quickly with Melanie Perkins, Founder & CEO @ Canva
Jun 10, 2016
Assertion Supported
Canva raised its first round pre-product by demoing Perkins' previous bootstrapped startup
“With Canva, we actually, we raised our first round of funding before we actually built a product, and so we used Fusion Books as the demo of like, hey, we can actually build things and market a company and grow, and so that was sort of our proof point that we …”
Melanie Perkins Jun 10, 2016 ▶ 9:38 20VC: Start Niche, Move Broader & Become Profitable Quickly with Melanie Perkins, Founder & CEO @ Canva
Jun 10, 2016
Assertion Supported
Perkins recruited Canva's tech lead using a personalized pitch deck of his Facebook photos
“Actually, one of the reasons that we're able to end up hiring Dave Herndon was I sent him a visual pitch deck where I'd taken photos from his Facebook and created this story about how if he joined Canva, he'd be full of challenges and adventures, and it was go…”
Melanie Perkins Jun 10, 2016 ▶ 11:16 20VC: Start Niche, Move Broader & Become Profitable Quickly with Melanie Perkins, Founder & CEO @ Canva
Jun 10, 2016
Assertion Not checkable as stated
Five venture capital firms flew to Sydney to pitch Canva for investment
“When we raised our most recent round, we had five firms fly here to Sydney, which was a lot of fun to see how the tables had finally turned after so much effort in the initial stages.”
Melanie Perkins Jun 10, 2016 ▶ 16:15 20VC: Start Niche, Move Broader & Become Profitable Quickly with Melanie Perkins, Founder & CEO @ Canva
Jun 10, 2016 neutral
Assertion Not checkable as stated
Canva received over 200,000 user emails containing product suggestions and bug reports
“We've had over 200,000 emails From our users. A lot of those are suggestions and ideas for how we can improve the product or have new features. Some of those are bugs, of course.”
Melanie Perkins Jun 10, 2016 ▶ 18:54 20VC: Start Niche, Move Broader & Become Profitable Quickly with Melanie Perkins, Founder & CEO @ Canva
Jun 10, 2016 positive
Disclosure
Canva grew to over 100 employees across Sydney and Manila by 2016
“We now have over a hundred staff across our two offices here in Sydney and our other offices in Manila.”
Melanie Perkins Jun 10, 2016 ▶ 8:07 20VC: Start Niche, Move Broader & Become Profitable Quickly with Melanie Perkins, Founder & CEO @ Canva
Jun 10, 2016 bullish
Assertion Supported
Canva reached 10 million users and 80 million designs by mid-2016
“So we now have it in over ten million users across the globe who have created over eighty million designs.”
Melanie Perkins Jun 10, 2016 ▶ 2:57 20VC: Start Niche, Move Broader & Become Profitable Quickly with Melanie Perkins, Founder & CEO @ Canva
Jun 10, 2016 positive
Disclosure
Bill Tai conditioned his early Canva investment on Perkins finding technical co-founders
“I went to San Francisco and met up with Bill, and he said he'd be happy to invest if I could find a technical team”
Melanie Perkins Jun 10, 2016 ▶ 7:00 20VC: Start Niche, Move Broader & Become Profitable Quickly with Melanie Perkins, Founder & CEO @ Canva
Jun 10, 2016 positive
Insight
Starting Canva in Perth forced the team to build without standard VC playbooks
“Because in Perth, there really wasn't much of a VC scene at all, and so it meant that we were sort of just starting out a company without really knowing that there was a whole brand of other companies from our tribe, so we're sort of figuring everything out as…”
Melanie Perkins Jun 10, 2016 ▶ 13:29 20VC: Start Niche, Move Broader & Become Profitable Quickly with Melanie Perkins, Founder & CEO @ Canva
Jun 29, 2016 bullish
Opinion
Canva's phenomenal user growth mirrors Google Analytics' mass-market expansion playbook
“And that's what, you know, I think that's what Cliff and Melanie at Clamba have done. It's absolutely amazing. If you look at their user base, if you look at the forums, if you look at their incredible growth, Over the, even the past year has been nothing shor…”
Wesley Chan Jun 29, 2016 ▶ 20:57 20VC: Felicis' Wesley Chan on The Rise of IoT, Getting Recruited by Larry Page & Creating Google's Biggest Success Disaster
Jun 29, 2016 bullish
Insight
Democratizing expert software increases a company's total addressable market by 100x
“And by the way, it also increases your market by an order of a hundred extra more, right? You know, we're You know, Adobe's building Photoshop for probably hundreds of thousands of people who want to, who are skilled or want to make design their profession, an…”
Wesley Chan Jun 29, 2016 ▶ 16:48 20VC: Felicis' Wesley Chan on The Rise of IoT, Getting Recruited by Larry Page & Creating Google's Biggest Success Disaster
Jun 29, 2016 bullish
Disclosure
Felicis Ventures wrote its largest single investment check ever to Canva
“One of the biggest investments, in fact, the largest check that Felicis has ever written was into a company in Australia called Canva.”
Wesley Chan Jun 29, 2016 ▶ 14:39 20VC: Felicis' Wesley Chan on The Rise of IoT, Getting Recruited by Larry Page & Creating Google's Biggest Success Disaster
Sep 22, 2021 bullish
Insight
Winters: Canva grows like a network business driven by user content
“Canva is, you know, a company that on the outside looks like more of a consumer subscription company, but it's able to grow like a network because of all the amazing content that's created through the service.”
Casey Winters Sep 22, 2021 ▶ 40:41 Welcome 20Growth: How To Hire a Head of Growth? What are Signs of World-Class Talent? How To Structure the Process? How To Onboard Growth Teams? The Relationship Between Head of Growth and CEO and more with Casey Winters, Chief Product Officer @ Eventbrit
May 27, 2022 bullish
Disclosure
Senkut: Shopify and Canva grew 10 to 20 times larger than expected
“But what I have seen with all the great companies we had, whether it be like Shopify or Canva or Adyen, it ended up being like 20 to 10 to 20 times bigger than what we expected.”
Aydin Senkut May 27, 2022 ▶ 9:51 Aydin Senkut: How I Scaled from a $4M Angel Fund to $900M AUM | 20VC #890 · 20VC with Harry Stebbings
Aug 10, 2022 bullish
Insight
Canva scaled search traffic by templatizing features and creating a marketplace
“So what Canva did was they templatize their entire, like everything you can possibly do with a product to create a template for, then they actually created a marketplace. So now people can actually create their own templates. And you can buy them, which extend…”
Kieran Flanagan Aug 10, 2022 ▶ 1:01:10 Kieran Flanagan: Hiring Tips for Growth; North Star Metrics; Hubspot's Mistake | 20VC #916 · 20VC with Harry Stebbings
Aug 22, 2022
Disclosure
Wesley Chan Led Canva's Series A Without 20% Ownership or Board Seat
“I did not have 20% ownership of Canva when I led the Series A. I did not have a board seat. In fact, so many people said no to them because they said, we're not giving you a board seat. Or they said, we're not giving you 20% ownership.”
Wesley Chan Aug 22, 2022 ▶ 24:43 Wesley Chan: How I Created Google Analytics; The Founding Story of Gmail & Canva | 20VC #919 · 20VC with Harry Stebbings
Jan 27, 2023
Insight
Obrecht honors business commitments without term sheets or legal documents
“If I say something and make a commitment to something, then my word is my bond. I don't need a term sheet. I don't need a legal document.”
Cliff Obrecht Jan 27, 2023 ▶ 6:48 Canva's Cliff Obrecht: How We Turned Our Yearbook Company to $40B Business | 20VC #971 · 20VC with Harry Stebbings
Jan 27, 2023 positive
Assertion Supported
Canva's Head of People Started as Co-Founder Cliff Obrecht's Executive Assistant
“Our, my EA is now our head of people.”
Cliff Obrecht Jan 27, 2023 ▶ 16:50 Canva's Cliff Obrecht: How We Turned Our Yearbook Company to $40B Business | 20VC #971 · 20VC with Harry Stebbings
Jan 27, 2023
Disclosure
Canva had zero formal sales and marketing teams until 2020
“Canva until three years ago, we were like a big bodybuilder that had not done a single leg day in their life. So we had a huge upper body, and that was our user acquisition, that was our product, and that was our organic growth. But our two weak little legs we…”
Cliff Obrecht Jan 27, 2023 ▶ 23:34 Canva's Cliff Obrecht: How We Turned Our Yearbook Company to $40B Business | 20VC #971 · 20VC with Harry Stebbings
Jan 27, 2023
Insight
Obrecht: Treating rejected job candidates with integrity brings them back later
“If you leave a nice taste in those people's mouths, like, and you always be the good human, and be the honest Honorable person and speak truths. People come back, and they remember you, and when they are ready for that career change, or when an opportunity doe…”
Cliff Obrecht Jan 27, 2023 ▶ 6:13 Canva's Cliff Obrecht: How We Turned Our Yearbook Company to $40B Business | 20VC #971 · 20VC with Harry Stebbings
Jan 27, 2023
Assertion Partly supported
Canva halted new feature releases for two years to fix tech debt
“So we had to down tools and ship no features for a full two years. It was supposed to be one year, but it took two years in the middle of Canva's growth journey, call it from year four to six, about year 10 now.”
Cliff Obrecht Jan 27, 2023 ▶ 27:21 Canva's Cliff Obrecht: How We Turned Our Yearbook Company to $40B Business | 20VC #971 · 20VC with Harry Stebbings
Jan 27, 2023 positive
Assertion Contradicted
Canva disrupts enterprise SaaS by charging only for active quarterly seats
“We don't try and sell an organization a thousand seats. We only charge you based on the number of active seats in a particular quarter.”
Cliff Obrecht Jan 27, 2023 ▶ 39:19 Canva's Cliff Obrecht: How We Turned Our Yearbook Company to $40B Business | 20VC #971 · 20VC with Harry Stebbings
Jan 27, 2023 negative
Disclosure
Early Canva made terrible hiring decisions by deferring to big tech titles
“And I guess that came across and we made a bunch of really, really poor hiring decisions because We just assumed these people were smarter than us, and then like, they're in the company like a year, and we're like, Fucking hell. Like you're not really smart at…”
Cliff Obrecht Jan 27, 2023 ▶ 15:55 Canva's Cliff Obrecht: How We Turned Our Yearbook Company to $40B Business | 20VC #971 · 20VC with Harry Stebbings
Jan 27, 2023
Disclosure
Canva's Obrecht: Melanie Perkins and I take opposite approaches to building trust
“Mel and I are completely, so Mel is my wife and the CEO of Canva. So my boss which is and definitely the worthy boss. But we have totally opposite ends of the spectrum when it comes to trust. So I trust by default and you can lose that trust. Mel, it takes a l…”
Cliff Obrecht Jan 27, 2023 ▶ 10:00 Canva's Cliff Obrecht: How We Turned Our Yearbook Company to $40B Business | 20VC #971 · 20VC with Harry Stebbings
Jan 27, 2023 positive
Insight
Obrecht: Candidates From Obscure, Self-Taught Backgrounds Become Canva's Best Performers
“If you have come from a obscure background, like non-traditional tech or whatever and have taught yourself the tools, I find those people, once they figure out the game, cause this all is just one big game. Once they figure out how to play the game, they are S…”
Cliff Obrecht Jan 27, 2023 ▶ 12:33 Canva's Cliff Obrecht: How We Turned Our Yearbook Company to $40B Business | 20VC #971 · 20VC with Harry Stebbings
Jan 27, 2023 bullish
Insight
Obrecht: AI adds value through workflow integration, not standalone tools
“There's all these cool tools, but it's really how those tools show up in a workflow where people get their job to be done done. That really adds the most value, and that's why we're investing so heavily into AI as really the co-pilot to help people achieve the…”
Cliff Obrecht Jan 27, 2023 ▶ 35:16 Canva's Cliff Obrecht: How We Turned Our Yearbook Company to $40B Business | 20VC #971 · 20VC with Harry Stebbings
Jan 27, 2023
Assertion Supported
Canva was rejected by over 100 VCs before securing its first check
“We spent over a year there, like back and forth, still trying to run our other business. And we got rejected over a hundred times by VCs before we finally convinced some people to invest in us”
Cliff Obrecht Jan 27, 2023 ▶ 2:53 Canva's Cliff Obrecht: How We Turned Our Yearbook Company to $40B Business | 20VC #971 · 20VC with Harry Stebbings
Jan 27, 2023
Disclosure
Billionaire Canva co-founder Cliff Obrecht still flies economy class
“I still fly economy, unless I can get a points upgrade, because I can't, like, I'm like, you want 10 grand for, like, a five-hour trip? I'm like, I'll tough out that 10 grand, and I'll spend that 10 grand on something else.”
Cliff Obrecht Jan 27, 2023 ▶ 45:50 Canva's Cliff Obrecht: How We Turned Our Yearbook Company to $40B Business | 20VC #971 · 20VC with Harry Stebbings
Jan 27, 2023
Disclosure
Obrecht: Canva still uses generous equity grants to compensate advisors
“Even in the earliest days, we used to pay people with generous equity grants, and we still do to this day to get them on as an advisor.”
Cliff Obrecht Jan 27, 2023 ▶ 23:26 Canva's Cliff Obrecht: How We Turned Our Yearbook Company to $40B Business | 20VC #971 · 20VC with Harry Stebbings
Jan 27, 2023 neutral
Prediction Held up
Obrecht: Canva co-founder will not build another commercial startup
“Well, I don't think so. It's hard. Although, glance for punishment. Like, we will probably do, we'll run projects, philanthropic projects that are built like a startup based on technology.”
Cliff Obrecht Jan 27, 2023 ▶ 54:13 Canva's Cliff Obrecht: How We Turned Our Yearbook Company to $40B Business | 20VC #971 · 20VC with Harry Stebbings
Jan 27, 2023 positive
Assertion Supported
Obrecht: Canva succeeded by consolidating a fragmented graphic design ecosystem
“So Canva was created because before Canva, the design ecosystem was incredibly fragmented. You had to go to a stock photo site to get your stock photos. You had to Go to Vistaprint to print your stuff. You had to use three different softwares to create your de…”
Cliff Obrecht Jan 27, 2023 ▶ 34:39 Canva's Cliff Obrecht: How We Turned Our Yearbook Company to $40B Business | 20VC #971 · 20VC with Harry Stebbings
Jan 27, 2023 positive
Assertion Partly supported
Canva CMO Zach Kitschke Joined as a 19-Year-Old Contract Content Writer
“Zach, our CMO joined Canva as like Content writer, a contract content writer. He was like, 19 at the time. He's been with the company about 10 years now. He's now a CMO.”
Cliff Obrecht Jan 27, 2023 ▶ 16:55 Canva's Cliff Obrecht: How We Turned Our Yearbook Company to $40B Business | 20VC #971 · 20VC with Harry Stebbings
Jan 27, 2023 positive
Assertion Not checkable as stated
Cliff Obrecht claims Canva has never made a bad company acquisition
“Not really. Not really. Not really. No, I'm saying no.”
Cliff Obrecht Jan 27, 2023 ▶ 22:30 Canva's Cliff Obrecht: How We Turned Our Yearbook Company to $40B Business | 20VC #971 · 20VC with Harry Stebbings
Jan 27, 2023 negative
Disclosure
Investors rejected Canva because it was outside Silicon Valley biking distance
“The amount of investors that rejected us because they said, I like to ride my bike to my startups, I'm like, fuck off.”
Cliff Obrecht Jan 27, 2023 ▶ 57:28 Canva's Cliff Obrecht: How We Turned Our Yearbook Company to $40B Business | 20VC #971 · 20VC with Harry Stebbings
Jan 27, 2023
Disclosure
Canva co-founders pledged 99 percent of their equity to charity
“Mel and I, we own 31% of Canva, and we put 30%, so like 99% of what we own in, into a charity that we can't spend on our own stuff”
Cliff Obrecht Jan 27, 2023 ▶ 42:08 Canva's Cliff Obrecht: How We Turned Our Yearbook Company to $40B Business | 20VC #971 · 20VC with Harry Stebbings
May 3, 2023
Disclosure
Hankes: Tiger Global Passed on Canva by Misapplying Enterprise Software Metrics
“When I was at Tiger, I flew out to Sydney and spent a bunch of time with the Canva team in person. And, you know, it's obviously now people know about it. It's a remarkable company at the time. It was much smaller than it is now. And At the same time, we were …”
Vince Hankes May 3, 2023 ▶ 46:05 Vince Hankes: Why We Put $300M into OpenAI; Sam Altman's Pitch; Lessons from Josh Kushner | E1009 · 20VC with Harry Stebbings
Aug 25, 2023 positive
Insight
Howie Liu: AI Will Enable Both Adobe and Canva to Grow
“I don't think it has to be purely a, you know, winner takes all, you know, Adobe wins and Canva loses type of equation, right? I think AI could actually enable both Adobe and Canva to grow and to actually create disruptive experiences”
Howie Liu Aug 25, 2023 ▶ 22:20 Howie Liu: Decoding Airtable's $11B Valuation; The Impending AI Revolution in Enterprise | E1053 · 20VC with Harry Stebbings
Sep 6, 2023 bullish
Disclosure
Basu Trivedi: The Farmer's Dog is my biggest investment hit, not Canva
“I actually think my biggest hit right now at least as I can best predict it is not Canva. Dollar gains, Perspective, and on an IRR basis as well, it's a company called The Farmer's Dog, which is in the pet food space, and it's a subscription service for fresh …”
Nikhil Basu Trivedi Sep 6, 2023 ▶ 49:11 Nikhil Basu Trivedi: Why 99% of AI Investments Will Go Bust | E1057 · 20VC with Harry Stebbings
Jun 3, 2024 negative
Insight
Lemkin: Canva, Not Figma, Directly Threatens Adobe's Core Creative Revenue
“Well, it's what, I mean, Adobe, the majority of Adobe's revenue is still from designers designing assets in creative cloud. And that is exactly what Canva does. It's not prototyping products, which is what Figma is great at.”
Jason Lemkin Jun 3, 2024 ▶ 32:03 Jason Lemkin: PluralSight S*** the Bed & The Next IPO Candidates | E1160 · 20VC with Harry Stebbings
Jun 3, 2024 bullish
Assertion Supported
Lemkin: Canva is growing 40% on $2.3 billion in accelerating revenue
“And so Canva is selling to normal consumers and small businesses, and they're growing 40% at 2.3 billion in revenue, 2.3 billion revenue. It's essentially accelerating.”
Jason Lemkin Jun 3, 2024 ▶ 4:31 Jason Lemkin: PluralSight S*** the Bed & The Next IPO Candidates | E1160 · 20VC with Harry Stebbings
Jun 3, 2024 positive
Prediction Open · timeframe Jun 2029
Lemkin predicts Canva will go public at $3B revenue
“Canva's going to IPO at three billion in revenue.”
Jason Lemkin Jun 3, 2024 ▶ 50:58 Jason Lemkin: PluralSight S*** the Bed & The Next IPO Candidates | E1160 · 20VC with Harry Stebbings
Jun 3, 2024 negative
Opinion
Lemkin: Canva is an existential threat to Adobe Creative Cloud
“I think Canva is an existential threat to the whole creative cloud.”
Jason Lemkin Jun 3, 2024 ▶ 30:57 Jason Lemkin: PluralSight S*** the Bed & The Next IPO Candidates | E1160 · 20VC with Harry Stebbings
Jun 21, 2024 positive
Assertion Supported
Canva drives higher web traffic volume than Adobe
“So I think Canva nowadays is much larger in terms of volume generated to the website than Adobe.”
Val Scholz Jun 21, 2024 ▶ 18:50 Val Scholz: How Revolut Acquired Their First 10M Users: Tips, Tactics & Strategies | E1168 · 20VC with Harry Stebbings
Jun 21, 2024 positive
Assertion Supported
Canva uses massive in-house content teams to dominate SEO topic clusters
“If you look, for example, at Canva, what they've done is they created content. So they, you basically have crazy big in-house teams that generate content for you so that you can create these topic clusters.”
Val Scholz Jun 21, 2024 ▶ 20:08 Val Scholz: How Revolut Acquired Their First 10M Users: Tips, Tactics & Strategies | E1168 · 20VC with Harry Stebbings
Jul 19, 2024 positive
Assertion Not checkable as stated
Cameron Adams: Word-of-mouth sharing has been Canva's biggest growth driver
“Launching something at Canva that people will spread, that they will tell others about has been the biggest growth driver for us.”
Cameron Adams Jul 19, 2024 ▶ 0:16 Cameron Adams: How Canva Builds Products: Lessons Learned, What Works? What Flopped? | E1179 · 20VC with Harry Stebbings
Jul 19, 2024
Assertion Not checkable as stated
Adams: Canva launched text-to-image AI in six weeks
“It actually only took us six weeks to launch from woe to go, from someone saying, let's do, crazy idea, let's do, like, type in a box and you get an image out of it. Six weeks later, we deployed all the infrastructure, we'd integrated into the product, and we'…”
Cameron Adams Jul 19, 2024 ▶ 14:53 Cameron Adams: How Canva Builds Products: Lessons Learned, What Works? What Flopped? | E1179 · 20VC with Harry Stebbings
Jul 19, 2024 neutral
Assertion Not checkable as stated
Adams: Less than 1% of Canva users skip major UI updates
“Oh, not 10%. I would say less than one percent.”
Cameron Adams Jul 19, 2024 ▶ 29:29 Cameron Adams: How Canva Builds Products: Lessons Learned, What Works? What Flopped? | E1179 · 20VC with Harry Stebbings
Jul 19, 2024 negative
Insight
Adams: Unseating a common enemy is an uninspiring company focus
“Not as your primary focus. Like if you're, if your goal is all around you know, a cervically trying to bring someone down, that's not particularly inspiring. We always focus on what is our vision of the future?”
Cameron Adams Jul 19, 2024 ▶ 37:35 Cameron Adams: How Canva Builds Products: Lessons Learned, What Works? What Flopped? | E1179 · 20VC with Harry Stebbings
Jul 19, 2024
Disclosure
Adams: Canva co-founder's previous startup Fluent collapsed after $5M round fell through
“Me and my co-founders in my other startup called Fluent. We're like, very happy we were going to take over the world, and we were just about to land five million dollars in funding. Little did we know that we weren't just about to land five million dollars in …”
Cameron Adams Jul 19, 2024 ▶ 2:48 Cameron Adams: How Canva Builds Products: Lessons Learned, What Works? What Flopped? | E1179 · 20VC with Harry Stebbings
Jul 19, 2024
Assertion Supported
Adams: Over 2,000 of Canva's 4,500 employees focus on building product
“We've got 4500 people at Canva now. Roughly about, I think, 1700 of those are engineers, plus they're now product and design orgs with product managers, product designers. So well over, you know, 2000 folks at Canva are focusing on just building the product.”
Cameron Adams Jul 19, 2024 ▶ 36:03 Cameron Adams: How Canva Builds Products: Lessons Learned, What Works? What Flopped? | E1179 · 20VC with Harry Stebbings
Jul 19, 2024
Disclosure
Adams: Canva's initial text-to-image feature used Stable Diffusion
“For that one, that was based on stable diffusion and we've since, like, iterated upon that a whole ton.”
Cameron Adams Jul 19, 2024 ▶ 15:20 Cameron Adams: How Canva Builds Products: Lessons Learned, What Works? What Flopped? | E1179 · 20VC with Harry Stebbings
Jul 19, 2024 bullish
Opinion
Adams: Canva operates in a different category than Adobe
“We really consider ourselves to be in a totally different category. Like, literally. When we started, design was something that one percent of the world could do, and we wanted to bring it to the other 99%.”
Cameron Adams Jul 19, 2024 ▶ 37:02 Cameron Adams: How Canva Builds Products: Lessons Learned, What Works? What Flopped? | E1179 · 20VC with Harry Stebbings
Jul 19, 2024 positive
Assertion Supported
Adams: Canva has integrated machine learning for over six years
“So, AI has really spiked in the last two years, but machine learning has been part of our product development process for six or seven years now.”
Cameron Adams Jul 19, 2024 ▶ 33:57 Cameron Adams: How Canva Builds Products: Lessons Learned, What Works? What Flopped? | E1179 · 20VC with Harry Stebbings
Jul 19, 2024 neutral
Disclosure
Adams: Canva bundles AI tools directly into core subscriptions
“It's all wrapped up in our Canva Pro, or our Canva Enterprise subscription.”
Cameron Adams Jul 19, 2024 ▶ 21:19 Cameron Adams: How Canva Builds Products: Lessons Learned, What Works? What Flopped? | E1179 · 20VC with Harry Stebbings
Jul 19, 2024
Assertion Not checkable as stated
Adams: Product and tech development comprises over 50% of Canva's budget
“If you think of R&D as all product and technology development, be well over 50%.”
Cameron Adams Jul 19, 2024 ▶ 35:58 Cameron Adams: How Canva Builds Products: Lessons Learned, What Works? What Flopped? | E1179 · 20VC with Harry Stebbings
Jul 19, 2024 positive
Assertion Partly supported
Adams: Canva was first to scale generative images to 100M+ users
“We were first product to like truly scale generative images to over a hundred million people.”
Cameron Adams Jul 19, 2024 ▶ 14:24 Cameron Adams: How Canva Builds Products: Lessons Learned, What Works? What Flopped? | E1179 · 20VC with Harry Stebbings
Jul 19, 2024
Insight
Adams: Signposting upcoming product changes via email or social is useless noise
“More generally we try not to signposts ahead of time because it's just a lot of noise. Like you get so much email, so much social spam, a message telling you about a change that's coming is just going to fly over your head.”
Cameron Adams Jul 19, 2024 ▶ 28:50 Cameron Adams: How Canva Builds Products: Lessons Learned, What Works? What Flopped? | E1179 · 20VC with Harry Stebbings
Jul 19, 2024
Disclosure
Adams: Canva ignored early investor pressure to follow Lean Startup playbook
“The Lean Startup book actually launched in the year that we launched, it was like, 2012, and investors were quoting it at us, and like, telling us to launch as quickly as possible. We kind of ignored them because we knew what we wanted in the product, and we k…”
Cameron Adams Jul 19, 2024 ▶ 5:48 Cameron Adams: How Canva Builds Products: Lessons Learned, What Works? What Flopped? | E1179 · 20VC with Harry Stebbings
Jul 19, 2024 neutral
Assertion Supported
Adams: Canva employs around 100 machine learning engineers
“We've got about a hundred machine learning engineers and then, you know, product, product, product managers and designers get involved at all stages.”
Cameron Adams Jul 19, 2024 ▶ 33:46 Cameron Adams: How Canva Builds Products: Lessons Learned, What Works? What Flopped? | E1179 · 20VC with Harry Stebbings
Jul 19, 2024
Disclosure
Adams: Canva's initial enterprise offering was just a sales contact page
“And what we launched three years ago wasn't really an Enterprise product. It was just a way for someone to get in contact with a salesperson.”
Cameron Adams Jul 19, 2024 ▶ 10:57 Cameron Adams: How Canva Builds Products: Lessons Learned, What Works? What Flopped? | E1179 · 20VC with Harry Stebbings
Jul 19, 2024
Insight
Adams: Canva applies an 80/20 design rule balancing simplicity and depth
“So there's this kind of eighty-twenty rule that we apply where when you first get into Canva, you should be able to get 80% of the value, but then as you spend more time with it, you unlock the remaining 20%, which makes you an expert”
Cameron Adams Jul 19, 2024 ▶ 10:05 Cameron Adams: How Canva Builds Products: Lessons Learned, What Works? What Flopped? | E1179 · 20VC with Harry Stebbings
Jul 19, 2024
Assertion Not checkable as stated
Canva rolls out new features through incremental percentage-based user cohorts
“We always roll out features as a percent, so if something is going out so we launched the Glow Up recently which is a total re, revitalization of Canva's interface. We start by rolling that out to one percent, then five percent, 10%, 20%? Hundred percent. That…”
Cameron Adams Jul 19, 2024 ▶ 25:49 Cameron Adams: How Canva Builds Products: Lessons Learned, What Works? What Flopped? | E1179 · 20VC with Harry Stebbings
Jul 19, 2024
Assertion Supported
Adams: Canva has reached 190 million users
“Now that we're at the size of a hundred and ninety million people using Canva”
Cameron Adams Jul 19, 2024 ▶ 48:21 Cameron Adams: How Canva Builds Products: Lessons Learned, What Works? What Flopped? | E1179 · 20VC with Harry Stebbings
Jul 19, 2024
Disclosure
Canva assigned one of its six early engineers to social features
“We had a very small engineering team. We had like six engineers. We dedicated one whole engineer for nine months to build this whole social experience. And it just didn't do very well.”
Cameron Adams Jul 19, 2024 ▶ 30:53 Cameron Adams: How Canva Builds Products: Lessons Learned, What Works? What Flopped? | E1179 · 20VC with Harry Stebbings
Jul 24, 2024 negative
Opinion
Lemkin: Canva is directly destroying Adobe Creative Cloud
“Canva is directly destroying creative cloud, ok?”
Jason Lemkin Jul 24, 2024 ▶ 5:25 Jason Lemkin: Crowdstrike, WTF Happens From Here? Wiz Rejects Google’s $23BN Acquisition Offer|E1181 · 20VC with Harry Stebbings
Aug 19, 2024 positive
Insight
Gomez: Software companies shouldn't fear AI margin compression as costs plunge
“For folks like Canva who are keeping the same price I mean, I think it's a good bet. They want to grow their user base. They want to expand their user set. Just give them the most useful product possible. At the moment, don't worry about margins because the co…”
Aidan Gomez Aug 19, 2024 ▶ 37:26 Aidan Gomez: What No One Understands About Foundation Models | E1191 · 20VC with Harry Stebbings
Oct 9, 2024
Assertion Partly supported
Wang: Canva raised enterprise plan prices by three times
“Canva, which you mentioned, has raised prices on its enterprise plan by three X.”
Jeff Wang Oct 9, 2024 ▶ 48:05 Jeff Wang: Sequoia Capital's $9BN Global Equities Fund on The Future for NVIDIA, Google & Meta|E1212 · 20VC with Harry Stebbings
Apr 3, 2025 bullish
Prediction Partly held up
Lemkin: Stripe, Figma, Chime, and Canva will IPO within 18 months
“Stripe, Figma Chime, the list of folks north of five hundred million, ok, Canva, three billion, that are gonna IPO in the next 18 months.”
Jason Lemkin Apr 3, 2025 ▶ 50:30 20VC: The Daily Deal: Coreweave IPO | Scale Hits $25BN on $2BN EOY Revenue | Sequoia's 25x Return on Wiz | Tech Stocks Tank with Tariffs | Cursor: Defensible or Dangerous Example of Lost Moats in Tech
Jun 26, 2025 neutral
Assertion Supported
O'Driscoll: Canva delays IPO because it generates massive cash flow
“They are, they're kicking off cash, which means that they're net buyers of their security from boys, not sellers. So they don't need to raise money.”
Rory O'Driscoll Jun 26, 2025 ▶ 46:51 Navan Files to Go Public and Canva Pulls the Brakes: Why and What Happens? · 20VC with Harry Stebbings
Jul 10, 2025 negative
Insight
Lemkin: Corporate employee re-skilling programs do not work
“I think re-skilling doesn't work, and I think Canva's basically saying, shit or get off the can, guys.”
Jason Lemkin Jul 10, 2025 ▶ 55:46 Daniel Gross and Nat Friedman: Acquired by Meta | Microsoft Layoff 9000 People | OpenAI's Bombshell · 20VC with Harry Stebbings
Jul 24, 2025 positive
Opinion
Lemkin: Canva should pursue a direct listing instead of a traditional IPO
“If it ever IPOs, it should do a direct listing, right?”
Jason Lemkin Jul 24, 2025 ▶ 43:47 How Do All Providers Deal with Anthropic Dependency Risk & Figma IPO Breakdown: Where Does it Price? · 20VC with Harry Stebbings
Aug 21, 2025 neutral
Prediction Not checkable as stated
Lemkin: Upcoming tech IPOs could trigger a double bubble
“We might get the next wave of IPOs that are even better very quickly, and the amount of froth that that could create in the ecosystem, the amount of just returns to LPs could create a bubble on top of a bubble, because times might just get much better in the n…”
Jason Lemkin Aug 21, 2025 ▶ 6:53 Databricks at $100BN, CoreWeave’s $11B Debt Bet & Nubank’s $2.5B Profit Shocker - Ep.19 · 20VC with Harry Stebbings
Aug 21, 2025 neutral
Prediction Not checkable as stated
O'Driscoll: Tech IPO wave will eliminate private market scarcity premiums
“If all those companies were to go public, as you say, if the canvas of this world, if the database wanted to go out, it's not clear to me that they'd get that three X pop. Instead, you might want to have is, okay, they'd probably trade at the very high, quite …”
Rory O'Driscoll Aug 21, 2025 ▶ 7:57 Databricks at $100BN, CoreWeave’s $11B Debt Bet & Nubank’s $2.5B Profit Shocker - Ep.19 · 20VC with Harry Stebbings
Aug 25, 2025
Disclosure
Deeter: Bessemer's largest all-time investments include Twilio, Canva, and Anthropic
“So it used to be Twilio. Then you know, probably StubHub, Canva, Anthropic Yeah, probably, probably that bucket.”
Byron Deeter Aug 25, 2025 ▶ 44:54 BVP Partner, Byron Deeter: The Future of Venture - Why Chanel vs Walmart is BS · 20VC with Harry Stebbings
Aug 25, 2025 neutral
Prediction Held up
Deeter: Canva, Anthropic, and Perplexity will not go public anytime soon
“Now you look at, you know, Canva, you know, forty billion plus, and Anthropica with seventy billion plus, and perplexity, you know deep into DekuKorn status, and like, these businesses, you know, aren't going public anytime soon.”
Byron Deeter Aug 25, 2025 ▶ 38:09 BVP Partner, Byron Deeter: The Future of Venture - Why Chanel vs Walmart is BS · 20VC with Harry Stebbings
Aug 25, 2025 positive
Assertion Contradicted
Deeter: Canva and Intercom AI products generate hundreds of millions
“I look at a company like a Canva, or I look at a company like Intercom that's at a scale where in some ways they're already becoming an incumbent in those markets, and yet they're disrupting themselves at awesome rates and have AI products that are already, yo…”
Byron Deeter Aug 25, 2025 ▶ 13:23 BVP Partner, Byron Deeter: The Future of Venture - Why Chanel vs Walmart is BS · 20VC with Harry Stebbings
Aug 25, 2025 bullish
Assertion Not checkable as stated
Deeter: Economics for Anthropic, Perplexity, and Canva Pencil Out
“And I assure you, one of the coolest things about the profile of anthropic and perplexity and Canvan, these businesses is the math actually pencils out.”
Byron Deeter Aug 25, 2025 ▶ 28:04 BVP Partner, Byron Deeter: The Future of Venture - Why Chanel vs Walmart is BS · 20VC with Harry Stebbings
Aug 25, 2025 positive
Disclosure
Deeter: Bessemer invested over $100M each in Anthropic, Perplexity, and Canva
“You know, you look at an Anthropic or a Perplexity or a Canva and we, you know, we have, you know, nine figures into each of these companies and yet we are still, you know, well below historical venture standards where you aspire to own 20% or something in the…”
Byron Deeter Aug 25, 2025 ▶ 5:56 BVP Partner, Byron Deeter: The Future of Venture - Why Chanel vs Walmart is BS · 20VC with Harry Stebbings
Sep 4, 2025 bullish
Prediction Not checkable as stated
Obrecht: 90% of AI Queries Will Shift On-Device or Self-Hosted
“For the most premium queries where you need that answer, but 90% of it will be run on device or be self-hosted.”
Cliff Obrecht Sep 4, 2025 ▶ 53:30 Anthropic Raises $13BN & OpenAI Buys Statsig for $1.1BN All Stock · 20VC with Harry Stebbings
Sep 4, 2025
Disclosure
Obrecht: Canva valuation dropped from $40B to $26B in 2022
“We in 20, 21 were worth forty billion dollars, which was a, I think it was a 50 X multiple on our revenue at the time. 20, 22, everything came crashing down. The market came crashing down and that took us down to 26.”
Cliff Obrecht Sep 4, 2025 ▶ 8:18 Anthropic Raises $13BN & OpenAI Buys Statsig for $1.1BN All Stock · 20VC with Harry Stebbings
Sep 4, 2025 bearish
Prediction Held up
Cliff Obrecht: Enterprise AI Tool Subscriptions Will Consolidate Within 24 Months
“Over the course of the next 12 to 24 months, we'll start consolidating down as the clear winners take charge, and so to answer your question that way, hundred percent there's going to be consolidation down from yeah, year two renewals.”
Cliff Obrecht Sep 4, 2025 ▶ 13:45 Anthropic Raises $13BN & OpenAI Buys Statsig for $1.1BN All Stock · 20VC with Harry Stebbings
Sep 4, 2025
Insight
Obrecht: Scaling companies must not treat user bases like wet tea towels
“One thing you need to buck the trend of as you become a larger company is insular thinking and treating your user base like a wet tea towel that you need to wring out.”
Cliff Obrecht Sep 4, 2025 ▶ 25:14 Anthropic Raises $13BN & OpenAI Buys Statsig for $1.1BN All Stock · 20VC with Harry Stebbings
Sep 4, 2025 positive
Disclosure
Obrecht: Canva Is Price-Insensitive on AI Coding Tools for Engineers
“We encourage all our engineers to use the best security certified Coding tools that can increase the efficiency and we're not price sensitive around that at all.”
Cliff Obrecht Sep 4, 2025 ▶ 59:53 Anthropic Raises $13BN & OpenAI Buys Statsig for $1.1BN All Stock · 20VC with Harry Stebbings
Sep 4, 2025 neutral
Assertion Not checkable as stated
Obrecht: AI drove only 20% of Canva's recent growth reacceleration
“I would probably say 20%.”
Cliff Obrecht Sep 4, 2025 ▶ 25:11 Anthropic Raises $13BN & OpenAI Buys Statsig for $1.1BN All Stock · 20VC with Harry Stebbings
Sep 4, 2025 bullish
Disclosure
Obrecht: Canva is ChatGPT's fifth most referred domain overall
“We're the number one productivity app on ChatGPT, and we're the fifth Highest domain that ChatGPT refers to.”
Cliff Obrecht Sep 4, 2025 ▶ 1:02:10 Anthropic Raises $13BN & OpenAI Buys Statsig for $1.1BN All Stock · 20VC with Harry Stebbings
Sep 4, 2025 neutral
Insight
Obrecht: Founders should stay overcapitalized rather than running ultra-lean
“This is a high risk maneuver and I don't recommend this to founders anymore. I say be a bit over capitalized, but we would run it kind of to the bones in order to take as little money as possible.”
Cliff Obrecht Sep 4, 2025 ▶ 35:28 Anthropic Raises $13BN & OpenAI Buys Statsig for $1.1BN All Stock · 20VC with Harry Stebbings
Sep 4, 2025 neutral
Disclosure
Obrecht: SEO now accounts for 15% of Canva organic acquisition
“SEO is about 50, 15% of the 90% organic to date, so it used to be our number one channel, but now our sort of like user flywheel, word of mouth, and people sharing designs are our biggest.”
Cliff Obrecht Sep 4, 2025 ▶ 1:01:57 Anthropic Raises $13BN & OpenAI Buys Statsig for $1.1BN All Stock · 20VC with Harry Stebbings
Sep 4, 2025 bullish
Assertion Open · timeframe Sep 2028
Obrecht: Canva at $42B Valuation Is Barely 10x Revenue
“Well, that's barely 10 X for us. We sound very cheap.”
Cliff Obrecht Sep 4, 2025 ▶ 4:14 Anthropic Raises $13BN & OpenAI Buys Statsig for $1.1BN All Stock · 20VC with Harry Stebbings
Sep 4, 2025 positive
Opinion
Obrecht: Employee liquidity is Canva's primary motivation for an IPO
“I think it's probably liquidity, and there are restrictions, particularly around employee liquidity and what you can do in the U.S. And whatnot around that piece. And so, We do believe in, we're 13 years old as a company. Our employees should have liquidity. T…”
Cliff Obrecht Sep 4, 2025 ▶ 42:45 Anthropic Raises $13BN & OpenAI Buys Statsig for $1.1BN All Stock · 20VC with Harry Stebbings
Sep 4, 2025 bullish
Disclosure
Obrecht: Canva holds over $1B cash and 8 years profitability
“We've got over a billion dollars cash in the bank. We don't need to raise money, primary funds. We've been a profitable company for eight years.”
Cliff Obrecht Sep 4, 2025 ▶ 6:59 Anthropic Raises $13BN & OpenAI Buys Statsig for $1.1BN All Stock · 20VC with Harry Stebbings
Sep 4, 2025 positive
Assertion Not checkable as stated
Obrecht: 90% of Canva's user acquisition is organic
“90% of our user acquisition is organic.”
Cliff Obrecht Sep 4, 2025 ▶ 25:26 Anthropic Raises $13BN & OpenAI Buys Statsig for $1.1BN All Stock · 20VC with Harry Stebbings
Sep 4, 2025 bullish
Disclosure
Obrecht: Canva is actively gearing up to be IPO-ready
“I mean, we're gearing up to be ready to IPO. We want to be an IPO ready company. We recently, you mentioned Zoom. We brought in Kelly, who led their IPO, and she's been a fantastic addition to the team. She was their CFO. So, so our goal is to be ready. When w…”
Cliff Obrecht Sep 4, 2025 ▶ 41:36 Anthropic Raises $13BN & OpenAI Buys Statsig for $1.1BN All Stock · 20VC with Harry Stebbings
Sep 4, 2025 positive
Disclosure
Cliff Obrecht: Canva Uses Four Coding AI Tools, Led by Cursor
“We're running four coding tools at once, right? Cursor seems to be the one that's kind of leading the pack.”
Cliff Obrecht Sep 4, 2025 ▶ 13:27 Anthropic Raises $13BN & OpenAI Buys Statsig for $1.1BN All Stock · 20VC with Harry Stebbings
Sep 4, 2025 positive
Assertion Open · timeframe Sep 2025
Obrecht: Canva's AI Widget Generator Has 20 Million Active Users
“So, so we've got the equivalent of Lovable, it's more for creating widgets and for education purposes, et cetera. It's got twenty million active users already it's going really, really well.”
Cliff Obrecht Sep 4, 2025 ▶ 55:40 Anthropic Raises $13BN & OpenAI Buys Statsig for $1.1BN All Stock · 20VC with Harry Stebbings
Sep 4, 2025
Disclosure
Obrecht: Fidelity is the largest check in Canva secondary round
“They're the anchor of the round. They're the largest check in this round.”
Cliff Obrecht Sep 4, 2025 ▶ 6:46 Anthropic Raises $13BN & OpenAI Buys Statsig for $1.1BN All Stock · 20VC with Harry Stebbings
Sep 4, 2025 neutral
Prediction Partly held up
Obrecht: Canva Is Transitioning to a Unified AI Credit Model
“We're moving to a unified credit model around AI. So your premium subscription, free gets a certain amount, premium subscription gets you a certain amount. And then if you're a super active user, and so that means it can't eat into our margins too much. So you…”
Cliff Obrecht Sep 4, 2025 ▶ 58:58 Anthropic Raises $13BN & OpenAI Buys Statsig for $1.1BN All Stock · 20VC with Harry Stebbings
Sep 4, 2025 positive
Assertion Not checkable as stated
Obrecht: Early investors who raised SPVs for late rounds saw highest returns
“And the best investors that have done best out of Canva, like they were early stage funds, but they realized, holy shit, we're onto something here. So they raised SPVs or additional vehicles to move further up the value chain, like going later and later stage …”
Cliff Obrecht Sep 4, 2025 ▶ 1:10:59 Anthropic Raises $13BN & OpenAI Buys Statsig for $1.1BN All Stock · 20VC with Harry Stebbings
Sep 4, 2025 bullish
Prediction Held up
Obrecht: Canva to hit $4B revenue at 40% growth rate
“We will close the year very close, if not at four billion growing, ah, close to 40% growth rate and re-accelerating growth.”
Cliff Obrecht Sep 4, 2025 ▶ 5:21 Anthropic Raises $13BN & OpenAI Buys Statsig for $1.1BN All Stock · 20VC with Harry Stebbings
Sep 4, 2025 bullish
Disclosure
Obrecht: ChatGPT-generated images on Canva rose from 0.2% to over 5%
“A year and a half ago.2%, I think it was, of the images uploaded to Canva were from ChatGPT. That's now over five percent.”
Cliff Obrecht Sep 4, 2025 ▶ 1:02:47 Anthropic Raises $13BN & OpenAI Buys Statsig for $1.1BN All Stock · 20VC with Harry Stebbings
Sep 4, 2025 positive
Assertion Supported
Obrecht: Canva has 240 million monthly active users
“We got two hundred and forty million monthly active users.”
Cliff Obrecht Sep 4, 2025 ▶ 45:26 Anthropic Raises $13BN & OpenAI Buys Statsig for $1.1BN All Stock · 20VC with Harry Stebbings
Sep 4, 2025 bullish
Disclosure
Obrecht: Canva has received acquisition offers but will remain independent
“I'm not doing it, but we love OpenAI. We love them, but there's just not, I mean, we're cutting our own course. We've had acquisition offers.”
Cliff Obrecht Sep 4, 2025 ▶ 16:49 Anthropic Raises $13BN & OpenAI Buys Statsig for $1.1BN All Stock · 20VC with Harry Stebbings
Sep 4, 2025 negative
Insight
O'Driscoll: AI search threatens media sites, not product companies
“In fairness, the kind of, the SEO, I think you have to distinguish between people like Canva where they have a product to sell and they're totally happy to sell it via ChatGPT, and then media companies where the only product they have is their content, where i…”
Rory O'Driscoll Sep 4, 2025 ▶ 1:04:07 Anthropic Raises $13BN & OpenAI Buys Statsig for $1.1BN All Stock · 20VC with Harry Stebbings
Sep 11, 2025 bearish
Prediction Held up
Lemkin: Canva has zero percent chance of Q4 IPO
“No, no. Zero percent.”
Jason Lemkin Sep 11, 2025 ▶ 1:25:10 OpenAI’s $10BN Secondary Sale, Ramp Hits $1BN ARR & Brex Hits $700M · 20VC with Harry Stebbings
Sep 29, 2025
Assertion Supported
Harry Stebbings: AI implementation costs have dropped by 98%
“And it's just such a naive approach to ask that question even, because now the cost of implementation has gone down by 98%.”
Harry Stebbings Sep 29, 2025 ▶ 57:25 Groq Founder, Jonathan Ross: OpenAI & Anthropic Will Build Their Own Chips & Will NVIDIA Hit $10TRN · 20VC with Harry Stebbings
Nov 13, 2025 neutral
Assertion Supported
Lemkin: Canva Built a Competitive Clone of AI Presentation Tool Gamma
“Canva actually has a Gamma clone now that's not bad.”
Jason Lemkin Nov 13, 2025 ▶ 23:20 Michael Burry Shorts NVIDIA and Palantir & Has Defensibility Died in a World of AI? · 20VC with Harry Stebbings
Dec 22, 2025 bullish
Prediction Open · timeframe Dec 2026
Lemkin: SpaceX, Canva, Databricks, and Anthropic will IPO in 2026
“I think we see four IPOs backloaded next year. SpaceX goes out first. Canva comes out of nowhere second. Databricks does it in the back half of the year because it's just time. Anthropic does it at the end of the year. OpenAI probably should have gone first, b…”
Jason Lemkin Dec 22, 2025 ▶ 0:00 Predictions for 2026: Top Buy & Biggest Short | Why Salesforce Could Win & NVIDIA’s Challenges · 20VC with Harry Stebbings
Apr 30, 2026 bearish
Prediction Not checkable as stated
Lemkin: AI agents will not use Canva, Jira, or Confluence
“I don't think any chance an agent is going to use Can that I don't think any, there's any chance an agent is going to use Jira or Confluence unless it's forced to, like it has no need for these products.”
Jason Lemkin Apr 30, 2026 ▶ 13:51 Anthropic Raises $45B but Falls Short on Compute & Thoma Bravo Hand Back Medallia Keys to Creditors · 20VC with Harry Stebbings
Apr 30, 2026 neutral
Prediction Open · timeframe Apr 2029
O'Driscoll: Canva and Rippling won't fetch 30x revenue premiums
“Good SaaS companies that aren't AI first are going to trade at fair value, which means if you've created value, you'll get value. And I think Canva and Rippling have both created enormous value. So they'll get value, but what they won't get is that stupid, 30 …”
Rory O'Driscoll Apr 30, 2026 ▶ 18:27 Anthropic Raises $45B but Falls Short on Compute & Thoma Bravo Hand Back Medallia Keys to Creditors · 20VC with Harry Stebbings
Aug 12, 2026 bearish
Disclosure
Lemkin's team churned off Canva and Notion due to AI agents
“My, me having churned, and Amelia having churned, we churned just not because, this is a tough one, Canva and Notion, both we churned, not because they're not great apps, we just no longer had any need for them in the agentic area, just no need. Canva and Noti…”
Jason Lemkin Aug 12, 2026 ▶ 4:33 Canva Slashes Growth | Talent Exodus at Google | Revolut's $50B CEO Package | Musk's $55B Terrafab
Aug 12, 2026 neutral
Assertion Supported
Canva lowered its 2026 revenue growth forecast from 30% to 20%
“The facts are that Canva You know, large privately held company in the kind of creative suite space discloses its revenue, even though they're private, and, you know, they were at three billion in gap revenue last year. Going into this year, they're growing at…”
Rory O'Driscoll Aug 12, 2026 ▶ 1:46 Canva Slashes Growth | Talent Exodus at Google | Revolut's $50B CEO Package | Musk's $55B Terrafab
Aug 12, 2026 bearish
Opinion
Canva is currently worth only $12 billion in public market value
“I'd say it's probably worth twelve billion right now. 20% growth at four billion ARR in the current public markets and not decelerating. There's some sort of rule of 40 number that's better, but I'd say it's worth about twelve billion.”
Jason Lemkin Aug 12, 2026 ▶ 25:28 Canva Slashes Growth | Talent Exodus at Google | Revolut's $50B CEO Package | Musk's $55B Terrafab
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