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20VC: Kleiner Perkins' Mamoon Hamid on Investing Lessons from Leading Rounds in Figma, Slack and Rippling | Lessons Building a Generational Defining Firm with Kleiner Perkins | AI: Where Value Accrues, Startups vs Incumbents & Scaling Laws
Mamoon Hamid
Figma, the initial investment was done at about 100 post. Rippling was also in the 250 post when we did it. There's one investment I remember doing early days of USVP where we did it at, I think, 10 post. It was a $3 million check for like 30% of the company. That company, about a year and a half ago, the founder, CEO, Steve Flagg, they sold it to Siemens for $700 million.
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