06 ago Figma’s IPO success is ‘a little bit of a meme stock,’ says Sapphire Ventures’ Jai Das

Figma managed something rare in today’s market: it survived a failed Adobe acquisition, stayed independent, and went public on its own terms. But its post-IPO performance tells a more complex story about startup exits in 2025. “This is a little bit of a meme stock,” said Jai Das, president and partner at Sapphire Ventures, on […]