Figma has a paid plan that we're happy to pay for.
Penpot currently doesn't even have a paid plan anywhere. And their pricing page says that they are planning to offer paid tiers in a year (Q1 2025). A sibling post has answered some questions that they do have some VC funding, which is good. I was concerned about "how have they paid the bills so far, and how will they pay the bills until a year from now when they start charging?"
I've been burned in the past by open source projects that didn't grow enough to have a critical mass of skilled talent (Ember.js being a big one, finding talent was a supreme headache so we abandoned it after 5 years). So I'm always nervous now about "who is going to know this tool, and who is financially motivated to keep it vibrant and going" and also, "is it worth paying to have someone learn this skill if it isn't growing", all tradeoffs we have to make when picking tools/technologies.
Do you mean Penpot doesn't have a business model, or Figma? I'm keen on reading more about either, because you have valid points