The article discusses the anticipated opening of the IPO window in 2025, highlighting factors that may influence market conditions and investor sentiment leading up to that period. It explores the implications for startups and venture capital, emphasizing the importance of timing and market readiness.

Figma's recent IPO has led to a significant boost for venture capital firms, with four major firms collectively holding approximately $24 billion in stock. The company's shares soared 250% on their first trading day, contrasting sharply with the subdued tech IPO market of recent years, and highlighting a potential resurgence in investor confidence.

Venture capital is experiencing a cautious resurgence, driven by a renewed focus on experienced founders and the growing influence of AI. While discovery meetings are increasing and IPO activity is on the rise, investors remain wary, prioritizing strong fundamentals and operational experience to mitigate risks. The landscape is characterized by a blend of optimism and caution as the market seeks stability after previous upheavals.