$20 Billion Figma Deal Is a Historic Coup for VC Investors in an Otherwise Miserable Year
of 2020 and 2021, they're foreign this year, as investors reckon with surging inflation, rising interest rates and geopolitical unrest.Danny Rimer, a partner at Index Ventures and Figma board member, said the company was in position to get ready for an IPO and was in no hurry to tap the capital markets, either private or public.
in Figma in 2013."The company was IPO-able. This really was more a question of what is the best way to achieve the goal of company, which is to democratize tools for design and creation across the globe."Dylan Field, co-founder and chief executive officer of Figma Inc., in San Francisco, California, U.S., on Thursday, June 24, 2021.
"Figma is actually one of these rare companies that has achieved incredible escape velocity," said Narayen, Adobe's CEO since 2007."They have a fabulous product that appeals to millions of people, they have escape velocity as it relates to their financial performance and a profitable company, which is very rare, as you know, in software-as-a-service companies."
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