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Posted by kualto 3 days ago

Figma files for proposed IPO(www.figma.com)
https://www.sec.gov/Archives/edgar/data/1579878/000162828025...
511 points | 232 commentspage 4
andybak 3 days ago|
And the cycle continues. Who's working on the "Figma but not enshittified" at the moment?
Lalabadie 3 days ago||
Penpot is the most solid alternative I know of at the moment.
diggan 3 days ago|||
With the biggest differentiator being that in Penpot, everything is a SVG/Open Standards, which for us web folks is a neat addition. Also developed by a local company in Spain, go Spain! And for the nerds, it's open source and built using ClojureScript :)
esskay 3 days ago|||
And can be self hosted which is a massive plus!
rco8786 3 days ago||
Honestly the cycle continuing is a breath of fresh air relative to the AI-ification of our entire industry.
giacaglia 3 days ago||
Its S-1 shows $70M held in Bitcoin ETFs, and board approval for another $30M BTC purchase via USDC!

https://x.com/tier10k/status/1940133141546770454

cluckindan 3 days ago||
Oh, so that’s why they’re taking it public: they are turning the company into a crypto investment fund which just happens to provide a SaaS design tool.
drexlspivey 3 days ago||
It’s the other way around, they bought some bitcoin because they are going public for the meme stock value.
boredatoms 3 days ago|||
Thats pretty weird, you’d think they would offload things like that to not spook investors
diggan 3 days ago|||
> they would offload things like that to not spook investors

Judging by the amount of fairly traditional companies holding Bitcoins, it would seem like holding Bitcoin is no longer spooky. I guess it makes sense when the financial environment is slowly turning into one without any regulations, Bitcoin will thrive in that sort of market.

nipponese 3 days ago|||
It says more about Bitcoin than it does Figma.
habosa 3 days ago||
So much negativity in this thread. I thought we’d be able to celebrate this one. Figma provided an alternative to the evil Adobe empire that was actually better. It’s powered by some amazing tech built originally by one of the founders. It’s still got a generous free plan. I’m happy the employees will get to cash out.
pixxel 3 days ago||
If you’re tired of it all, and the inevitable, and you have agency, try penpot.app
rglover 3 days ago||
Also Sketch [1]. Everyone abandoned it when Figma became the pOpUlAr tool, but I still use it every day, nearly 15 years later and it's continued to improve.

[1] https://sketch.com

cosmic_cheese 3 days ago|||
I never switched away from Sketch for personal use. Figma’s collab tools are great, but I find it somewhat clunky for usage beyond prototyping (such as creating image assets).

Figma’s cloud-first nature never also sat well with me… I still have the source PSD files for my earliest works from 25 years ago, which can still be viewed and edited perfectly. Will that be true of my Figma documents in 25 years? It’s not even a question with Sketch.

aegypti 3 days ago|||
Still the default for most teams at Apple AFAIK
b0a04gl 3 days ago||
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temptemptemp111 3 days ago||
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VoodooJuJu 2 days ago||
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newcommiedeal 2 days ago||
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once_inc 3 days ago||
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maelito 3 days ago|
Yes and I thought "eat your own dog food, good idea" even if Figma is a nightmare for me to use at work.