Figma: The $60B SaaS Monopoly in the Making – A Full Investment Memo for Smart Investors

Why did Adobe try to buy this company for $20B?

Because Figma didn’t just disrupt design tools — it rewired the entire workflow of how products get built.

In this 22 page deep-dive memo, you’ll get an investor-grade breakdown of Figma’s business, moat, financial engine, risk factors, and valuation — written in plain English.

💥 132% net dollar retention
💰 88% gross margins
🔒 A moat so sticky, Adobe tried to eliminate them

This isn’t just a software company. It’s a SaaS monopoly in motion — with viral growth, cash flow, and a founder still in the driver’s seat.

📉 We’ll also break down valuation scenarios:
— Is it still a buy at $60B?
— What return can you expect at current prices?
— What risks could break the flywheel?

Whether you’re an investor, operator, or curious founder — this memo gives you the strategic lens to understand Figma like a hedge fund does.

💡 Pay what you want — even $0 — and download instantly.