How Figma Became Design’s Hottest Startup, Valued At $10 Billion

  • 📰 Forbes
  • ⏱ Reading Time:
  • 68 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 53%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Here's how Figma became design’s hottest startup, valued at $10 billion Cloud100

As Google Docs did for word processing and GitHub for code, so Dylan Field’s Figma is doing for design. Employees at companies like Netflix, AirBNB, Zoom and Discord are all users.n April, Dylan Field had his craziest day since he skipped out on Brown University to try his hand at startups nearly a decade ago.

After a six-month sprint, Figma had enough input from customers such as Discord, Netflix and Stripe to launch the public beta test version of FigJam; Field pegged it at 25% complete, expecting it to evolve over time. “When you’ve done it enough, it’s almost like the market is going to extract the product out of you,” he says. Already, Figma has added audio support to chat with teammates; another frequently requested feature that moved up in priority: a timer.

As a high school student at a tech-focused magnet school in Sonoma County, California, Field built robots and websites for friends. He later wowed executives at a LinkedIn summer internship by helping devise a social-impact program. As part of Brown’s undergraduate computer science group, he met Wallace, who had impressed his own summer employer, Pixar, by devising an algorithm to render a ball bobbing in a 3-D pool.

When it came to charging for Figma, Field’s intuition told him to hold off and keep tinkering with the product. But when a user at Microsoft warned that Figma’s adoption was slowing at the tech giant because of doubts that a free startup tool could be trusted, Field acted faster. Going back into research mode, he opted for a model, inspired by Australian software outfit Atlassian, of simple tiered pricing of $12 or $45 per editor .

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Branson's Virgin Orbit to go public through $3.2 bln SPAC mergerICYMI: Richard Branson's Virgin Orbit is going public through a merger with NextGen Acquisition Corp. II, a blank-check vehicle, in a deal that values it at $3.2 billion and includes an investment from Boeing El presidente Bolsonaro de Brasil, dijo que recibirá a los argentinos que quieran exiliarse en Brasil this is terrible news It seems that corporates are finding more ways to extract money from society.
Source: Reuters - 🏆 2. / 97 Read more »