TLDR: Figma is a speculative buy if there is a post-IPO dip - a bet on the potential upside that could come from a splashy AI acquisition. But dependency on a single product, a narrow TAM, and complex enterprise growth mean there are real headwinds. My View & Prediction Figma's IPO offers a high-risk, high-reward play. The most bullish case? A splashy and successful AI acquisition that positions Figma as the design standard of the generative era. But without that kind of narrative jolt, I see...

TLDR: Figma is a speculative buy if there is a post-IPO dip - a bet on the potential upside that could come from a splashy AI acquisition. But dependency on a single product, a narrow TAM, and complex enterprise growth mean there are real headwinds. My View & Prediction Figma's IPO offers a high-risk, high-reward play. The most bullish case? A splashy and successful AI acquisition that positions Figma as the design standard of the generative era. But without that kind of narrative jolt, I see...

Here are some of my predictions for the next half decade (2025 - 2030)

Here are some of my predictions for the next half decade (2025 - 2030)