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Figma files for proposed IPO

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Re: Figma files for proposed IPO

#201

Post by raincole »

snickerdoodle12 wrote: post #21
btown wrote: post #10

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…

> The rendering engine handles curve rendering, images, blurs, masking, blending, and opacity groups, and optimizes for high visual fidelity. And thats how you get designers whining that their design looks great in figma but not in a real webpage

So? Before Sketch/Figma got popular, designers had been literally passing .psd files as design specs around for a decade.

Re: Figma files for proposed IPO

#202

Post by raincole »

rglullis wrote: post #190

A bit off-topic, but I really wish we had a system where we could make bets to pit public companies that develop closed source software against its FOSS alternatives. In the example here: people would bet by either buying $100 worth of Figma shares, or they could buy $50 worth of put options and give $50 to the developers of Penpot. Would something like that be legal or does it violate any type of trading regulations…

But people can already buy $100 of Figma shares (upon its IPO). Why would people who want to buy Figma share use your hypothetical platform?

Re: Figma files for proposed IPO

#203

Post by F7F7F7 »

latexr wrote: post #176
diggan wrote: post #165

Earlier quoted context omitted.

> Why would anyone say that? Sketch is still alive and (presumably) well When people deep into the startup-woods say "Fail" what they really mean is "Didn't take over the world". Their perspective of "winning / failing" is a bit more black and white than the average person. With that said, Sketch certainly didn't become more popular because the macOS requirement even for viewing the files. I remember that there was s…

> When people deep into the startup-woods say "Fail" what they really mean is "Didn't take over the world". Their perspective of "winning / failing" is a bit more black and white than the average person. Good point (also, “deep into the startup-woods” is a great way to put it). I suspect there’s a major overlap between those people and the ones who are obsessed with products “killing” another. The same kind of people…

This is 1 part hilarious and 1 part bewildering. You wrote an entire silly imaginary novel about my life based on a poorly worded (to your standards) sentence.

Sketch dominated the landscape. Now they are a small percentage of the landscape. I characterized that as a 'fail'. Sure, maybe an inexact word but what else do you call going from 60%+ of the market share down to below 20%? And btw I currently pay Sketch $120 for a personal license (so they obviously haven't failed in that sense).

And spare me the 'context' thing. Because my context on this subject is as a individual contributor, leader of multiple large design orgs with dozens of designers all in the same tools, as an early Sketch, Figma, Invision and Framer X customer. The context is up there with the Console Wars but I don't have the room for that here.

What's your context?

Have a great day!

Re: Figma files for proposed IPO

#204

Post by F7F7F7 »

latexr wrote: post #158
F7F7F7 wrote: post #14

Earlier quoted context omitted.

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…

> And for anyone who’s going to say “Sketch was Mac only that’s why it failed!” 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…

People say it all of the time. Go onto any other platform discussing this topic and you'll see it as the most cited reason for Figma's dominance.

Yes, Sketch's logo has been featured in a Apple keynote before. I'm familiar with their relationship with Apple and it seems like their team is perfectly happy not being the gargantuan that Figma is.

Sometimes I feel like people just want to find any reason to disagree on here.

Lastly, maybe you should just make a depreciation (sic) bot.

Re: Figma files for proposed IPO

#205

Post by shove »

stevage wrote: post #136
Mossy9 wrote: post #131

Earlier quoted context omitted.

Could you point to any resources on how to achieve this? At work we're increasing our Figma usage, and this approach sounds like something better implemented sooner than later

Here's a tool I made. https://github.com/stamen/figmasset

Stamen! One of the OGs at this point.

Re: Figma files for proposed IPO

#206

Post by andrekandre »

OccamsMirror wrote: post #196
andrekandre wrote: post #88

Earlier quoted context omitted.

> It wasn’t lost on us that Sketch is/was much much smoother with its usage of Mac OS’s native shape rendering. It’s just that the benefits far outweighed the small drop in snappiness. yep, even though i personally prefer sketch, if i was running a company i'd most likely go with figma as well because of the collaborative capabilities; its just a huge productivity boost for collaborative teams

Plus then designers, devs and stakeholders can participate on any OS they wish to use. Which, at least to me, is still important.

thats the biggest one probably; saw it firsthand at a large company that was using sketch but managers and others using windows or devs on linux wanted to see the designs for work and nobody was gonna change to mac for that so figma it was...

Re: Figma files for proposed IPO

#207

Post by ichik »

F7F7F7 wrote: post #14
btown wrote: post #10

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…

> It wasn’t lost on us that Sketch is/was much much smoother with its usage of Mac OS’s native shape rendering.

Writing this from the perspective of someone who used to spend all day every day in Photoshop/Sketch/Figma for decades. This markedly contradicts my recollection of the state of Sketch at the time Figma was in its first public beta. Sketch's performance was abhorrent and it was constantly crashing while working with libraries. I was very skeptical about web-technology based tool in terms of performance, but Figma blew me away. It was FAST.

Re: Figma files for proposed IPO

#208

Post by F7F7F7 »

ericrosedev wrote: post #109
F7F7F7 wrote: post #14

Earlier quoted context omitted.

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…

After the Adobe/Figma deal fell through a few years ago I thought they might breath new life into XD, it's a good program that integrates with your Creative Cloud libraries. No idea why they've put it on ice, especially without Figma.

The perception at the time was that Adobe had abandoned UX designers and wasn't willing to tailor any of their tools to them. So they (we) moved on.

I was at a SXSW session with XD's product team in the early weeks/months of that products existence. The Q&A section was filled with a lot of dismissive statements and questions. XD was never going to survive.

Re: Figma files for proposed IPO

#209

Post by rglullis »

raincole wrote: post #202
rglullis wrote: post #190

A bit off-topic, but I really wish we had a system where we could make bets to pit public companies that develop closed source software against its FOSS alternatives. In the example here: people would bet by either buying $100 worth of Figma shares, or they could buy $50 worth of put options and give $50 to the developers of Penpot. Would something like that be legal or does it violate any type of trading regulations…

But people can already buy $100 of Figma shares (upon its IPO). Why would people who want to buy Figma share use your hypothetical platform?

My idea is more about a system that can track and mediate support for the pro-FOSS than anything. For the pro-commercial side of the bet, showing ownership of the shares would be enough I guess.

Re: Figma files for proposed IPO

#210

Post by rglullis »

dkdcio wrote: post #195
rglullis wrote: post #190

A bit off-topic, but I really wish we had a system where we could make bets to pit public companies that develop closed source software against its FOSS alternatives. In the example here: people would bet by either buying $100 worth of Figma shares, or they could buy $50 worth of put options and give $50 to the developers of Penpot. Would something like that be legal or does it violate any type of trading regulations…

it’s only illegal if you start beating the rich I would love to be a reverse—VC

This is one of the many things where I have a good chunk of the backend code already written but couldn't find the time or urgency to work on an MVP.

Should I make a mock system, see how many people would be willing to sign up and make a pledge to their favorite projects?

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