151–160 of 255 posts
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I disagree, many companies are still great even after going public in the last decade: Shopify, Cloudflare, Zoom, Spotify, Roblox, and Coinbase are all notable examples.
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I disagree, many companies are still great even after going public in the last decade: Shopify, Cloudflare, Zoom, Spotify, Roblox, and Coinbase are all notable examples.
Of those I only use Spotify and it pesters me at all hours of the day.
They don't link to the Form S-1 prospectus from their announcement, but it's publicly available at https://www.sec.gov/Archives/edgar/data/1579878/000162828025... Their highlighted metrics page: $821M LTM revenue, 46% YoY revenue growth, 18% non-GAAP operating margin, 91% gross margin. It's an incredible success story, and the engineering they did upfront (primarily led by co-founder Evan Wallace) that set the stage…
There's a president-for-life clause: "Immediately following the completion of this offering, and assuming no exercise of the underwriters’ over-allotment option, Dylan Field, our Chair of our Board of Directors, Chief Executive Officer, and President will hold or have the ability to control approximately % of the voting power of our outstanding capital stock, including % of the voting power pursuant to the Wallace Pr…
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As a former figma engineer, let me be the first to say that Evan Wallace is, in fact, a legend. A true 100x-er. There's still parts of the codebase basically no one at Figma really understands that Evan wrote back in the day. One example of that is something like he adapted a shader we use internally to render font glyphs, which no one has touched ever since. The engineer who told me this had spent a few days trying…
I don’t know anything about shaders and this is not personal against Evan, but if someone wrotes code that nobody understands, isn’t it bad thing and not good thing? I thought similarly (admired) many years ago, that those people are wizards and that is cool, but the older I get, less I think so. You often can write the same thing so that it is also easier for others to understand. In most cases, when we talk about c…
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As a former figma engineer, let me be the first to say that Evan Wallace is, in fact, a legend. A true 100x-er. There's still parts of the codebase basically no one at Figma really understands that Evan wrote back in the day. One example of that is something like he adapted a shader we use internally to render font glyphs, which no one has touched ever since. The engineer who told me this had spent a few days trying…
Do you think AI could take a crack at understanding it for you?
> The table above does not reflect our renewed cloud hosting agreement with a third-party provider, entered into on May 31, 2025. Under the terms of the non-cancellable agreement, we committed to purchase a minimum of $545.0 million in cloud hosting services over the next five years. This renewed agreement replaces a previous agreement with the provider. $300k/DAY AWS bill. I wonder what the "non-cancellable" savings…
why is it so high? all of their high performance stuff is on device wasm, so all of that just to host their website and like collab features or some such?
Multiplayer means that every file that are user loads is loaded onto a compute server and retained in-memory on that server, processing every mutation to the document. Figma documents can get quite large -- they can contain the design system of an entire organization, dozens of variations of a product feature, etc. This means the server cost scales per active session at a given time, a higher "number" than active requests.
In addition to multiplayer, Figma attempts to keep most other parts of the application real-time. If another user adds a file to a project, you will see it without refreshing the page. That's a simple example, but certain types of queries/mutation can get much more complex.
Figma is an enterprise app, and the data models needed to support complex use cases (permissions, etc) means that DB load is a real challenge.
While the DAU count of Figma might not be as high as other consumer apps, the amount of time those users spend in Figma is often substantially higher.
Those are some of the things that contribute to a high bill. While Figma is most known for the frontend editor, the infra work is plenty interesting too.
They don't link to the Form S-1 prospectus from their announcement, but it's publicly available at https://www.sec.gov/Archives/edgar/data/1579878/000162828025... Their highlighted metrics page: $821M LTM revenue, 46% YoY revenue growth, 18% non-GAAP operating margin, 91% gross margin. It's an incredible success story, and the engineering they did upfront (primarily led by co-founder Evan Wallace) that set the stage…
I was one of their first Enterprise customers way back in 2017’ish-give-or-take. The brilliance of the system he built was that it allowed for real time collaboration. Which was god send from the Sketch -> Zeplin -> Invision -> Avocode (version management) ‘stack’ that lost Enterprise design orgs were using. Which was already a large leap from what Adobe was expecting us to do with Photoshop/Illustrator (after they d…
Why would anyone say that? Sketch is still alive and (presumably) well. Apple themselves continue to officially release design files for Sketch with every OS release. They share more resources for Sketch than any other app, including Figma and Photoshop.
http://developer.apple.com/design/resources/
> after they depreciated Fireworks
I’ve been seeing that word used a lot in this context, so just wanted to point out (I’d appreciate if someone did the same for me) that what you mean is “deprecated” (no “i”), as depreciating is a different thing.
They don't link to the Form S-1 prospectus from their announcement, but it's publicly available at https://www.sec.gov/Archives/edgar/data/1579878/000162828025... Their highlighted metrics page: $821M LTM revenue, 46% YoY revenue growth, 18% non-GAAP operating margin, 91% gross margin. It's an incredible success story, and the engineering they did upfront (primarily led by co-founder Evan Wallace) that set the stage…
As a former figma engineer, let me be the first to say that Evan Wallace is, in fact, a legend. A true 100x-er. There's still parts of the codebase basically no one at Figma really understands that Evan wrote back in the day. One example of that is something like he adapted a shader we use internally to render font glyphs, which no one has touched ever since. The engineer who told me this had spent a few days trying…
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That generally makes me more inclined to invest as I find that the biggest problem with a lot of public companies is they manage to Wall Street which means putting the short term over the long term, and those are often at odds with each other.
There are a whole lot of companies that are run to benefit their management and not their shareholders. At best, they might be making no money but keeping a bunch of people in work. There's a good reason public shareholders historically demanded accountability - maybe it's fine for now, but all it takes is some management that you can't kick out, paying themselves extortionate salaries and driving the company into th…
It makes sense, you're disposing of the capital the shareholders own.