Adobe recently announced that it has entered into a definitive merger agreement to acquire Figma, a collaborative graphics and design web application. Dylan Field, who is the CEO and co-founder of Figma, shared the news on Twitter and expressed: “With access to the deep expertise and innovation of @Adobe, we believe that @Figma will you will be able to fulfill our vision of ‘making design open to all’ much faster.
Dylan Field and Evan Wallace set out to build design startup Figma to challenge Adobe’s PhotoShop. Adobe has now made them billionaires after announcing that it will acquire Figma for $20 billion in cash and stock. Figma has been branded as Google Docs, or GitHub, for designers with a loyal customer base in large numbers who pay between $12 and $45 per editor for its digital whiteboard product. However, who is Dylan Field? Also, 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 graphics and design web application. According to his LinkedIn page, Dylan Field attended Brown University and reportedly studied computer science and mathematics. After more than two and a half years at the university, Dylan took a leave of absence in 2012 and accepted the Thiel Grant. Dylan Field describes this as a two-year grant of $100,000 to drop out of college and reportedly 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 composed that one of the most outstanding parts of his job as CEO is ‘playing anthropologist.’
Over the past five years, I have seen first hand the way in which working in a collaborative digital space moves groups from a ‘my ideas’ mentality to ‘our ideas,’ he said, in several ways, the design is profound. personal, and open that work to others to expand and remix can feel like opening a piece of yourself. However, this is the reason this change is so significant. In 2015, Dylan Field was featured in the Forbes 30 Under 30: Consumer Technology list. At that point he was only 22 years old.
Adobe Announces The Acquisition Of Figma
Thursday September 15th Adobe reported that it has entered into a definitive merger agreement to acquire Figma, a leading collaborative design platform on the web, for approximately $20 billion in cash and stock. Founded by Dylan Field and Evan Wallace in 2012, Figma, which allows customers to collaborate on software as they build it, saw demand increase during the pandemic as additional individuals worked remotely. Shantanu Narayen, chairman and CEO of Adobe, said, Adobe’s significance was rooted in our ability to make new classifications and deliver advanced technologies through natural development and inorganic acquisitions.
The combination of Adobe and Figma is innovative and will accelerate our vision for cooperative innovation. As indicated by the press release, together Adobe and Figma will reimagine the destiny of creativity and productivity, accelerate inventiveness on the web, advance product design and awaken communities around the world of creators, designers and developers. Adobe and Figma both offer enthusiasm for assisting people and groups to be more imaginative and useful, implying that the combined company will ‘power the future of work’ by combining the capabilities of conceptual, sharing, inventiveness and joint effort and deliver these developments to a large number of customers.
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