![]() ![]() That idea was enough for Flipboard board director Danny Rimer’s VC firm, Index Ventures, LinkedIn then CEO Jeff Weiner and others to lead a $4 million seed round in 2013. Finally, they researched taking on Adobe’s photo-editing apps, building a tool for supporters to paste themselves into photos of Barack Obama.įield then set his sights on Adobe’s widely used Photoshop for editing all kinds of images, using technology to do so in a shareable Web browser, not a desktop app. Over the years, they tried a handful of ideas, including software for drones and, at a low point, a meme generator. After an internship at Flipboard, Field dropped out in 2012 to take $100,000 and start a business as a Thiel Fellow (Wallace joined him in California after he got his degree). 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. He later wowed executives at a LinkedIn summer internship by helping devise a social-impact program. “And design is a team sport-it’s collaborative by nature.”Īs a high school student at a tech-focused magnet school in Sonoma County, California, Field built robots and websites for friends. “The entire economy is going from physical to digital, and design is just the latest chapter,” Field says. The mission today is simple: As Google Docs did for word processing and GitHub for code, so Figma is doing for design. ( Forbes applies a 10% private-company discount.) Forbes estimates that Field and cofounder Evan Wallace, 31, each own about 10% of Figma, making them near-billionaires. In June, the company raised $200 million from investors, valuing Figma at $10 billion. in 2020, Kimberly-Clark drafted reorder forms using Figma’s tools. And when toilet paper ran out across the U.S. Joe Biden’s campaign managed all its visual assets via Figma. Figma, launched in 2016, already has millions of users and expects annual recurring revenue to more than double this year from $75 million in 2020, according to sources. 7 on this year’s Cloud 100 list, came around, designers were also turning to Sketch out of Europe and to InVision (No. Already, Figma has added audio support to chat with teammates another frequently requested feature that moved up in priority: a timer.Īdobe popularized software for designers back in the 1980s by the time Figma, No. “When you’ve done it enough, it’s almost like the market is going to extract the product out of you,” he says. All rights reserved.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. Other trademarks are property of their respective owners. EquityZen and logo are trademarks of EquityZen Inc. By accessing this site and any pages thereof, you agree to be bound by our Terms of Use. Check the background of this firm on FINRA’s BrokerCheck.Į is a website operated by EquityZen Inc. EquityZen Securities is a broker/dealer registered with the Securities Exchange Commission and is a FINRA/ SIPC member firm.Įquity securities are offered through EquityZen Securities. See our Risk Factors for a more detailed explanation of the risks involved by investing through EquityZen’s platform.ĮquityZen Securities LLC (“EquityZen Securities”) is a subsidiary of EquityZen Inc. Investors must be able to afford the loss of their entire investment. Investing in private companies may be considered highly speculative and involves a high degree of risk, including the risk of substantial loss of investment. Investment opportunities posted on this website are "private placements" of securities that are not publicly traded, are subject to holding period requirements, and are intended for investors who do not need a liquid investment.
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