Dylan Field Figma Net Worth As Design Company Acquired By Adobe
Adobe recently announced that it has entered into a definitive merger agreement to acquire Figma, a web-based graphics and design collaboration application. Dylan Field, who is the CEO and co-founder of Figma, shared the news on Twitter, saying: “With access to @Adobe’s deep expertise and innovation, we believe @Figma will be able to fulfill our vision of ‘making design open for everything much faster.
Dylan Field and Evan Wallace started building design startup Figma to challenge Adobe PhotoShop. Currently, Adobe has made them billionaires after announcing that it will acquire Figma for $20 billion in cash and stock. Figma has been labeled the Google Docs or GitHub for designers with a loyal client base in large numbers, paying between $12 and $45 per editor for their digital whiteboard product. But who is Dylan Field? Next, what does this acquisition mean for Figma?
— Dylan Field (@zoink) September 15, 2022
Who is Dylan Field?
Dylan Field is the CEO and co-founder of Figma, a web application for graphics and design. According to his LinkedIn page, Dylan Field went to Brown University and reportedly studied computer science and math. After more than two and a half years at the university, Dylan took a leave of absence in 2012 and accepted a Thiel Grant. Dylan Field describes it as a two-year, $100,000 grant to “stop college and supposedly pursue entrepreneurial projects.” Prior to Figma, Dylan Field worked as a product design intern and software engineering intern at Flipboard. In a blog post for Figma, Field said one of the most distinctive parts of his job as CEO is “playing anthropologist.”
Over the past five years, I’ve seen firsthand the way working in the digital collaborative space is moving groups from a “my ideas” mentality to “our ideas,” he said. In many ways, design is deeply personal, and to open up that work for others to expanded and remixed, it can be like opening up a piece of yourself. Yet this change is so significant. In 2015, Dylan Field was highlighted in the Forbes 30 under 30: Consumer Technology list. He was only 22 years old at the time.
Adobe announced the acquisition of Figma
Adobe announced on Thursday, September 15 that it has entered into a definitive merger agreement to acquire Figma, a leading web platform for collaborative design, for approximately $20 billion in cash and stock. Founded by Dylan Field and Evan Wallace in 2012, Figma, which allows clients to collaborate on software while building it, saw demand rise during the pandemic as more individuals worked remotely. Shantanu Narayen, chairman and CEO of Adobe, said Adobe’s importance is rooted in our ability to create new classifications and deliver cutting-edge technology through organic development and inorganic acquisitions.
The combination of Adobe and Figma is groundbreaking and will accelerate our vision of collaborative innovation. As stated in the press release, Adobe and Figma together will “reimagine the destiny of creativity and productivity, accelerate ingenuity on the web, advance product design, and awaken global communities of creators, designers and developers. Both Adobe and Figma share a passion for helping people and groups to be more imaginative and useful, meaning the combined company will “power the future of work” by bringing together capacities for conceptualization, sharing, ingenuity and collaborative effort, and to facilitate this development to a huge extent clients.
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