100%. I’ve posted about you on LinkedIn before because I think more non-finance folks, especially in sales, product and customer, success, should understand the CFO‘s perspective, even if they don’t dive into the numbers.
Great analysis as always! Other than the GRR, we could see two other caveats:
1) Paid customers vs. users
A “paid customer” can include multiple unique users, so comparing MAU to accounts isn’t apples-to-apples.
"(...) Paid Customer typically includes multiple unique users."
2) Peak-month MAU
Figma defines quarterly MAU as the single month in the quarter with the highest usage (i.e. a peak number, not an average) so it can overstate engagement.
"(...) we report the number of monthly active users during the month with the highest number of active users during such period (...)"
"Good luck to Figma and may this help open the IPO floodgates!"
Amen to this. Too many great companies are staying private. Hopefully, the success of Figma's IPO gets them to go public.
I hate numbers but love your content. You’ve taught me so much. Thank you.
If you hate numbers but still love my content then that is the best compliment I have ever received since half my stuff is numbers haha
Thanks Robert!
100%. I’ve posted about you on LinkedIn before because I think more non-finance folks, especially in sales, product and customer, success, should understand the CFO‘s perspective, even if they don’t dive into the numbers.
For sure! Thanks
Great analysis as always! Other than the GRR, we could see two other caveats:
1) Paid customers vs. users
A “paid customer” can include multiple unique users, so comparing MAU to accounts isn’t apples-to-apples.
"(...) Paid Customer typically includes multiple unique users."
2) Peak-month MAU
Figma defines quarterly MAU as the single month in the quarter with the highest usage (i.e. a peak number, not an average) so it can overstate engagement.
"(...) we report the number of monthly active users during the month with the highest number of active users during such period (...)"
Yep, I didn’t really touch on those metrics but always important to look at the definitions!