Investor explains backing Figure AI at ~$2B: betting on $1T+ outcomes
markjeffrey · x · 2026-09-30
An investor explains why he backed Figure AI at a $2B valuation — a size that used to be an exit, not an entry point.
Responding to VCs complaining about seed prices, he argues that if AI delivers, the economy could be 50-100x bigger in a decade, with these companies targeting $10-50T outcomes — and Figure could become a $1T, maybe $10T company.
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