FIG — every tracked call

FIG

8 tracked calls · 4 long · 4 short · last 90d: 2L/1S

first called by Invest Like the Best 7mo ago

FIGFIGSHORT2mo ago

“this is the one part of Adobe's business that was going to be susceptible to frontier models as the input is fairly structured … Now Figma is at risk…”

Cassandra Unchained · Michael Burry

Frontier AI replaces design's starting point, so Figma's structured collaborative loop erodes and its premium multiple unwinds.

FIGFIGSHORT@ $21.34

$24.15-13.13%

since call May 28

peak +7.9%

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FIGFIGLONG2mo ago

“Figma, uh, crushed their Q1 46% year-over-year revenue growth, accelerating for the second straight quarter. … net dollar retention rate of 139%, our highest rate in over 2 years, and they raised thei”

TBPN

Figma's accelerating 46% growth and 139% NDR are mispriced by terminal-multiple pessimism that reverses up.

FIGFIGLONG@ $23.33

$24.15+3.51%

since call May 15

peak +10.2%

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FIGFIGLONG2mo ago

“46% year-over-year revenue growth accelerating for the second straight quarter.”

TBPN

Figma revenue growth is accelerating, 46% YoY for a second straight quarter, with guidance raised

FIGFIGLONG@ $20.00

$24.15+20.73%

since call May 14

peak +25.9%

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FIGFIGSHORT3mo ago

“Figma, which had a huge IPO pop and is now down 67%. So what is the role of venture capital... Software was eating the world, now tokens are eating uh the SAS…”

All-In Podcast

Agents let enterprises spin up bespoke tools, gutting overpriced vertical SaaS at renewal time

FIGFIGSHORT@ $17.66

$24.15-36.71%

since call Apr 24

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FIGFIGSHORT3mo ago

“Figma got destroyed, down another 9%. On announcement of a Claude Anthropic design tool, just one-shot binker, which is wild.”

ThreadGuy

Anthropic's Claude Design tool is destroying Figma and Adobe; a megachurch short on the disrupted incumbents.

FIGFIGSHORT@ $19.31

$24.15-25.02%

since call Apr 17

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FIGFIGSHORT5mo ago

“By the way, the numbers you report are dramatic understatement. We we've wiped out trillions of dollars in market cap. Figma's down 80% from the high”

All-In Podcast

Design tooling gets squeezed as vibe-coding collapses the UX/design/dev job functions into one

FIGFIGSHORT@ $22.17

$24.15-8.89%

since call Feb 7

peak +9.2%

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FIGFIGLONGPOSITION6mo ago

“Great example is a company called Figma, actually. After I invested in Figma, I joined Square 1.5 years later. I tried to basically push Figma down top-down…”

Invest Like the Best

Figma wins bottoms-up via self-serve, infiltrating even incumbent-locked design teams; durable insurgent.

FIGFIGLONG@ $29.95

$24.15-19.37%

since call Jan 29

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FIGFIGLONGPOSITION7mo ago

“My partner Catherine, who when we first underwrote Figma in 2020, and also when we led the investment round in '21, is the same person who basically was at…”

Invest Like the Best

Figma is a durable holding Durable backed private through its IPO and still owns as a compounder.

FIGFIGLONG@ $34.63

$24.15-30.28%

since call Dec 16

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