About this episode
Shawn O’Malley and Daniel Mahncke break down the emerging design giant Figma Inc. (ticker: FIG) and discuss whether the company can expand further into other enterprise design software verticals against Adobe.
In this episode, you’ll learn how Figma burst onto the scene after three long years of toiling in the background, why Figma’s stock has crash 80% since IPO, and whether Figma’s stock is attractively priced at current levels.
IN THIS EPISODE, YOU’LL LEARN:
00:00:00 - Intro
00:09:01 - Why the design process used to be so messy and disjointed before Figma came along
00:11:08 - How Figma was born out of a partnership at Brown University
00:28:53 - How Figma is turning from a single-hit product into a more diversified platform
00:36:51 - What Figma is doing to redefine the future of AI in collaborative design
00:52:06 - What to make of Figma’s young CEO, Dylan Field
00:54:32 - Why Figma crashed after its IPO
00:56:14 - How IPO-related stock-based-comp accounting distorted Figma’s 2024 & 2025 financials
01:03:54 - Whether Shawn and Daniel add FIG to their Intrinsic Value Portfolio
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
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Shawn & Daniel use Fiscal.ai for every company they research — use their referral link to get started with a 15% discount!
Shawn’s meditation app made via Figma.
Figma’s CEO on the future of design.
Figma’s CEO on the In Good Compa
