Figma's 250% Pop - The Greatest IPO Mispricing Ever? Meta & Microsoft Blowout Quarters: Broken Down

Brian Halligan is the Co-Founder and Executive Chairperson of HubSpot. Brian led the business as CEO for 15 years from Day 1 to a $30BN public company with 7,000 employees. Among Brian numerous achievements, Brian is famed for coining the term "inbound marketing", he is a globally recognised author, he is also an incredible teacher having developed MIT’s popular Scaling Entrepreneurial Ventures class. In addition to all of this, he is also the Co-Founder of Propeller Ventures, a $100 million climate tech venture fund, specializing in ocean innovation investments.

Rory O’Driscoll is a General Partner @ Scale where he has led investments in category leaders such as Bill.com (BILL), Box (BOX), DocuSign (DOCU), and WalkMe (WKME), among others.

Jason Lemkin is one of the leading SaaS investors of the last decade with a portfolio including the likes of Algolia, Talkdesk, Owner, RevenueCat, Saleloft and more.

In Today's Episode We Discuss:

• The Worst IPO Mis-Pricing Ever: What Really Happened at Figma

• Fidelity vs Founders: How Important is Fidelity When Going Public

• Why Founders Secretly Want a Pop, Even If It Makes Them Look Stupid

• The Truth Behind the $3B Figma "Left on the Table" 

• Direct Listings vs IPOs: Should Figma Have Gone Direct 

• CEO Compensation is Broken, Brian Halligan Doesn’t Hold Back

• The New Normal: Growth Rounds with Elon-Style Moonshot Packages

• Is Canva Next? Why Founders Should "Run, Forrest, Run" to the NASDAQ

• The Case for Going Public: VCs Are a Bigger Pain Than Public Markets

• Can AI Even Work for SMBs? Why No One’s Cracked the Code (Yet)

• Meta’s Monster Quarter: Growth, Cash Burn, and the Real AI Strategy

• CEO of the Year? Why Jensen Huang Leaves Zuck & Satya in the Dust

• Cognition's $15B Deal & Mass Layoffs: The Most Savage M&A Move of 2025

• Ramp’s $22B Raise: Genius Move or Suicide Round?

• CRV Shrinks, Benchmark’s Bet, and the Future of Venture Strategy