20VC: Figma's 250% Pop - The Greatest IPO Mispricing Ever | Meta and Microsoft Blowout Quarters: Broken Down | Cognition Raises at $15BN and Ramp at $22BN | CRV Downsizing and What It Means for LPs and GPs

The people who said, oh, $3 billion on the table, the 98 price only happened because the IPO happened at 38. It's exactly what you said, Harry. The discussion they were having on the day was let's call it the Halligan discussion of do I go two bucks more and exclude fidelity or two bucks less and take fidelity. And had someone walked in and said, I know this IPO is going to price at $100 a share to open tomorrow morning. Let's raise at 80.

They wouldn't have had a book because no one has bit at that thing. So that money wasn't accessible. Run for us run. The market's wide open. The valuations are good.

There's a lot of demand. It's very seasonal. The power canva, it's amazing company. I would be lining everything up to go public. This is 20 VC with me, Harry Stebbings, and it's my favorite show of the week.

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