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Figma stock down 68% in the 2.5mos since IPO. — Valuation: ~$19B | Tech Twitter
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Figma stock down 68% in the 2.5mos since IPO.
— Valuation: ~$19B (17x rev) — ARR: $1.1B in ARR, +38% YoY, NDR 131% — $1B in stock, 5% of the co, vested on IPO
There's a good reason late stage private companies stay that way.
Public markets are brutal.
