College Dropout, Dylan Field To Join Gates, Musk, Others on Billionaires’ List


An Ivy League college dropout and co-founder Figma, Dylan Field, 30 is a step closer becoming a billionaire and making silicon valley history after tech giant Adobe offered to buy his graphic design software company for $20 billion.

YOU CAN ALSO READ: How To Cope with Inflation Pressure – Warren Buffett

Adobe’s deal to buy Figma is a cash-and-stock deal that would be the biggest buyout of a software startup on record.

Field launched Figma in 2012 after dropping out of Brown University under a $100,000 fellowship financed by billionaire Peter Thiel, who requires recipients to leave school and pursue entrepreneurship if they are awarded the grants.

Here are the biggest winners in Adobe's $20 billion purchase of Figma - Silicon Valley Business Journal

Field’s company offers popular tools that graphic designers use to collaborate on projects online. Figma’s web-based collaborative platform has gained loyal fans, and is widely popular with employees at major tech firms including Zoom, Airbnb and Coinbase.

Adobe, based in San Jose, California, is a software titan that sells tools for creating, publishing and promoting content, and managing documents.

YOU CAN ALSO READ: African Startups Jostle for Google’s $4m Funding

Adobe Chief Executive Officer, Shantanu Narayen hailed Figma’s business as ‘the future of work’ and said there were ‘tremendous opportunities’ in combining it with his company’s offerings, such as document reader Acrobat and online whiteboard Figjam.

The $20-billion exit marked a major win for Figma’s venture capital backers, including Index Ventures, Greylock Partners and Kleiner Perkins.

Adobe, based in San Jose, California, is a software titan that sells tools for creating, publishing and promoting content, and managing documents.

Meanwhile, Adobe expected the deal to be accretive to its earnings three years after its completion. Figma’s total addressable market would reach $16.5 billion by 2025 across design, white boarding and collaboration.

YOU CAN ALSO READ: Why We Raise $13 million Seed Funding – NowNow

Adobe is one of the most acquisitive companies in the Silicon Valley and has bought numerous businesses over the years, as it has looked to defend market share against competitors. Prior to Figma, its largest acquisition was that of software maker Marketo for $4.75 billion in 2018.

Adobe Inc.'s $20B deal with Figma, Republic Bank explores sale: The National Observer Sept. 16, 2022 - The Business Journals

Meanwhile, Adobe’s fourth-quarter revenue forecast of $4.52 billion came in below the $4.58 billion estimated by analysts, according to Refinitiv data. The company’s third-quarter profit fell nearly 6 percent, reflecting the hit from a stronger U.S. dollar and higher costs.

Do you want us to share your enterprise and brand stories to the world on our platform for effective business leads and returns?

Kindly call this number, +2348063450905 or send an email to

We will be glad to tell your impact stories.

Follow on Twitter and Facebook to join the conversation.