After launching, Figma structured its product development into two parallel workstreams. The "blockers" stream focused on removing known issues preventing user adoption, while the "differentiators" stream focused on building unique, strategic features like design systems to evolve the product and win the market.

Didi Gurfinkel explains that the long, pre-PMF period was spent building a deep, robust platform connecting Excel to databases. When they finally pivoted to FP&A, this over-engineered platform became a massive competitive advantage that newer, niche-focused competitors couldn't replicate.

Initial data suggested the market for design tools was too small to build a large business. Figma's founders bet on the trend that design was becoming a key business differentiator, which would force the market to expand. They focused on building for the trend, not the existing TAM.

When Figma started, VCs deemed the designer market too small. While this made fundraising harder, it also meant fewer competitors rushed in. This perceived niche gave Figma the time and space to build a complex, defensible product before the market's true potential became obvious to everyone.

Runway's founder justified a multi-year, pre-launch build by studying companies like Figma, which took six years to reach $1M ARR. This reframes building deep, foundational products as a test of stamina and team perseverance, not just a sprint based on raw intelligence or speed.

Contrary to conventional startup advice, Figma's founders began with a fascination for a technology (WebGL) and then searched for a problem to solve. This technology-first approach, a hammer looking for a nail, led them to explore various failed ideas like face-swapping before eventually landing on collaborative design tools.

Figma learned that removing issues preventing users from adopting the product was as important as adding new features. They systematically tackled these blockers—often table stakes features—and saw a direct, measurable improvement in retention and activation after fixing each one.

Fathom intentionally stayed in private beta for nearly a year to perfect reliability. They reasoned that for a mission-critical tool like a note-taker, failure is catastrophic. A product that breaks twice will lose a user forever, making reliability a more important feature than early market entry.

Despite Figma's massive success, Dylan Field considers their long pre-monetization period a mistake. The company started in 2012 but didn't earn its first revenue until 2017. He strongly advises founders against this path, emphasizing the need to ship and learn from the market more quickly.