When news of the acquisition hit, I wondered how Field was going to navigate antitrust issues, keep control of his product road map, and whatever DALL-E and other artificial intelligence tools might mean for the future of design. She has sued to block larger deals than this one.įield guided his team into a hybrid in-person and remote workplace as the company introduced its FigJam virtual whiteboard. Adobe's stock price has plummeted since the acquisition was announced due to investor skepticism and fears that the FTC will block the deal on the theory that it's anticompetitive. The deal has not been well received by investors.Ĥ0 times Figma's current annual revenue run rate, and one of the largest startup acquisitions ever, was what was more surprising. Adobe said this month that it intends to acquire Figma and keep it as an independent unit, with Field remaining as CEO. Figma made design processes much more efficient by allowing real-time collaboration, which was a hit with designers.įigma was out-competing Adobe among design teams at Microsoft and other companies by this year.
The hard technical work paid off as Figma was built in stealth mode for three years.
#FIGMA PLANS SOFTWARE#
Field and Evan Wallace came up with the idea of making the design process live, interactive, and collaborative in ways it hadn't been in software before. Dylan Field told me over the phone that when he started Figma he was only thinking about making design tools.
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