Figma

“Back in the party round days, we did something where we were like, hey, reply with your, like, address, and we're doing an airdrop. And then we airdropped NFT ads for Party Round into everybody's wallets, which you would then have to pay money to get out of yo…”

“I mean, the main problem with Ryan and day job is that he hasn't done the blood sucking scale up that most other brand agencies have, where he's just producing slop, but charging 500 K a project for basically just Copy, paste of the Figma file.”

“There was more money flowing into secondaries. For Figma, Rippling, Canva, Revolut, CoreWeave, Databricks, and Stripe, then all of the tech IPOs in twenty-twenty-three to twenty-twenty-four.”

“I think it would have been jankier with Adobe, which is probably the worst thing.”

“The Figma product they just rolled out these like absolutely horrific billing practices. Figma was always a very multiplayer product. You could make something, share it with somebody easily. They could edit it, comment, whatever. And they immediately rolled ou…”

“Like I mean, some companies are really fast enough to the races, but like, you know, Figma was like four or five years before it started to work. Notion was like four or five years before it started to work. Clay was four or five years before it started to wor…”

“Now Figma is going to IPO. And I would be shocked if they end the first trading day below the price that Adobe was going to pay.”

“The company, which was founded in 2012, made a bet on the browser and spent a full four years building V one of the product.”

“In the S one we reported, I think, thirteen million monthly active users, two thirds of which are not designers.”

“The fund multiple is 18 X. Greylock, who did the series A is sitting on an 11 X fund. They did the series A out of a six hundred million dollar fund. KP, which did the series B is sitting on a 10 X fund out of a seven hundred million dollar fund, which is just…”

“When you think like Figma has been like shipping features every single day for a decade now. And even if you knew exactly which features mattered and how they all work together it would be very difficult to create a one-to-one clone.”

“Granted, that is a theoretical threat to the company, but the problem with AI-only development processes is that they are extremely difficult to debug or decompose. Figma gives a natural canvas to add in AI.”

“And if you add Figma's up there, they're in the 70%. So well beyond 40, 40% according to the rule of 40”

“I mean, it's kind of taking a victory lap was very disconcerting. And for exactly the reason you said, which is survivorship bias. Right. Which is you pick the one that worked out and then, you know, it's the airplane, the red dots, the airplane, you know, you…”

“I've been anti It's not sweat equity crowdfunding, right? Crowd equity programs against it because there's no liquidity. People love a company, the next Figma, and they put in their life savings because they know Figma is going to the moon, baby, and they can…”

“Figma just announced 70% growth in weekly active users, 40% year-over-year revenue growth.”

“Went from four to eight products. Launched over 200 features.”

“We did 304, three hundred and four million in revenue.”

“I think that the bigger point, going back to taste is, you know, if an agent can do it for you, Then unless you've got some amazing sophisticated prompting that's super unique, like an agent can do it for someone else. And so I think that this discourse on lik…”