Most people are chasing hardware stocks right now and I get why… but what if I told you there was a software stock that is going to benefit from selling tokens more than almost any other one?
That company is Figma $FIG and one of the most interesting parts is the CEO Dylan Field’s post-IPO compensation structure. It’s one of the more ambitious performance based equity packages in recent tech history. It’s very similar to Elon Musks.
He has \~14.5M shares tied to performance, split into 7 tranches, and they only vest if Figma’s stock hits specific price targets over a 10-year window (based on a 60-day average price).
For example:
At around **$60/share**, he unlocks roughly **$130M** in value
At around **$130/share** (\~+54% from IPO levels), it scales up to about **$1.9B**
80%+ of the S&P 500 uses Figma. It basically has the highest retention rate out of any SaaS company.
They accelerated revenue growth to 40%+ YOY
They have 1.7B cash and investments
They have a product called Figma make that rivals Anthropics Claude. They just started enforcing the token limit and this is going to be a totally new revenue stream for them INCREASING revenue growth and making them one of the largest SELLER of tokens. This is something nobody talks about. Figma has many pillars to pull on that are currently (free) that can increase revenue streams in the future.
Figma is used by retail and commercial companies.
This is a unique blend for an ai product. Most are one, or the other. Not both
Figma is the most impressive application I’ve ever used. Collaboration in live time is a growing theme that is just going to get bigger and bigger. This improves efficiency when the designer/developer/ceo can work in live time together.
Ultimately for $16-17 a share you can buy the leader in design. I don’t think you can vibe code Figma with ai. Figma is an ai winner
With an 8x price to sales and revenue growth of 40% this is a pretty rare occurrence
I think this is going to be a $100 stock one day. I think Dylan fields is incentivized to hit those price targets. Sentiment will swing when they crush earnings.
See you on the moon or at Wendy’s soon.
My position is $FIG 47,644 shares at $17.22
