Zinman: Monday.com stock peak to $400 was driven entirely by sentiment
Eran Zinman · Monday.com CEO on Is SaaS Dead: Will Everything Be Vibe Coded | Eran Zinman · 20VC with Harry Stebbings · Mar 2, 2026 · at 1:07:33
Eran Zinman is co-CEO of Monday.com. He recounts feedback from Stripes investor Ken Fox regarding Monday.com's post-IPO stock price spike.
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“I remember when our stock went, went up to 400. After we IPO'd and one of our investors told me something, Ken Fox from Stripes. He told me something which was brilliant. He told me, isn't it great that the stock is going up without the revenue going up? And I said, what are you talking about? And he said, yeah, everything you gained is through sentiment change, nothing you've done.”
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