Figma

“And it probably gets done, and even doesn't get done, whatever. Like, I don't think it really impacts the early stage market.”

“I think this is like pretty good because all of a sudden as a startup, you'd be like, you actually have to build a successful business to go public and make money and like be a successful company. You can't just build a product that's strategically valuable to…”

“The other strategy is you charge more per month and accept more month-to-month churn, but it's not actually like, it's not like software churn, where like, you're like, I'm done using Figma forever, right? It's like a different type of churn.”

“Not made it through the twenty billion dollar Adobe acquisition is now being valued at 12 and a half. But from, you know, good firms, they have KOTU, General Catalyst, and their ARR's at seven hundred million now.”

“Figma should have done a direct listing.”

“I've seen people on the internet trying to claim that SaaS is back, which is just the wrong take.”

“The only explanation for this is that this is absolutely based on excess demand for AI plays. Like, it's like, that's the only explanation for the price.”