Figma CEO Advises Team to Ignore Stock Volatility

Figma CEO Dylan Field emphasized to his team the importance of focusing on controllable factors rather than market fluctuations during the company's Wall Street debut. He reiterated this message on the day of the IPO, stressing the need to educate the market about Figma's business model.

Figma's stock experienced a 250% surge on its first trading day, reaching a valuation of nearly $68 billion, but has since dropped over 50% from its peak following the company's first earnings report. This IPO was one of the most significant tech listings in a period of few technology IPOs.

Field's focus on 'controlling the inputs' is particularly relevant as Figma invests heavily in artificial intelligence, a strategy that may not immediately appeal to all shareholders but is part of a long-term vision.

In his IPO founder letter, Field described Figma's mission as bridging the gap between imagination and reality. His journey from dropping out of university to becoming a tech billionaire underscores his commitment to this mission.