FIG: Sequoia Capital buys 8 million shares in February

=== SUMMARY === - The author highlights a recent Form 4 filing showing that Sequoia Capital, a key early VC investor in Figma (FIG), purchased 8 million shares in the open market. - The author argues that this is highly unusual behavior for Sequoia post-IPO, signaling immense conviction, which prompted the author to buy 10,000 shares. - Quality assessment: Speculation based on insider/institutional buying data (Form 4 tracking). === SENTIMENT === BULLISH === TRADE IDEAS === FIG - LONG | confidence: 0.95 | sentiment: +0.80 Speaker: u/mrmrmrj Thesis: 1. THE FACT: Sequoia Capital filed a Form 4 showing an open-market purchase of 8 million shares of FIG, bringing their total to 34 million. 2. THE BRIDGE: It is extremely rare for a venture capital firm to buy shares in the open market post-IPO, indicating massive insider conviction in the company's future valuation. 3. THE VERDICT: Following the "smart money" of a board-represented insider provides a strong bullish signal to buy the stock. 4. RISKS: Sequoia's purchase could be driven by strategic board control motives rather than pure valuation; general software sector volatility. Timeframe: medium-term Key Points: - Sequoia bought 8M shares in the open market. - VC open-market buying post-IPO is highly unusual. - Sequoia has board representation (insider status). - Author bought 10,000 shares on this signal.