From Blocked to Booming?!
Adobe tried to buy Figma for $20B. Regulators said no.
18 months later, Figma IPO’d at a $67B valuation.
First-day pop: +250%
Early investors? Generational wealth overnight.
• Greylock: $14M → $6.7B (480x)
• Index: $3.9M → $7.2B (1850x)
• KP & Sequoia: Billions, too.
What was nearly a $20B exit turned into one of the biggest IPO comebacks in tech history.
Sometimes saying “no” creates more value than saying “yes.”
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Ryan AllisAdobe tried to buy Figma for $20B.
Regulators blocked it. 18 months later…
Today, Figma IPO’d at $67B…
We are living in very interesting times.
The design tool behind most modern apps just went public!
….and the numbers are staggering:
> IPO price: $33/share
> First-day close: $117/share
That’s a 250% pop in a single trading session.
And early investors?
They turned small checks into generational wealth overnight:
• Greylock Partners: $14M → $6.7B (480x)
• Kleiner Perkins: $25M → $6.0B (240x)
• Sequoia Capital: $40M → $3.8B (95x)
• Index Ventures: $3.9M → $7.2B (1850x)
What was supposed to be a $20B acquisition turned into one of the biggest IPO comebacks in tech history.
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