{"id":146532,"date":"2022-09-16T17:23:22","date_gmt":"2022-09-16T22:23:22","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2022\/09\/adobes-20-billion-takeover-of-figma-makes-cofounders-billionaires"},"modified":"2022-09-16T17:23:22","modified_gmt":"2022-09-16T22:23:22","slug":"adobes-20-billion-takeover-of-figma-makes-cofounders-billionaires","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2022\/09\/adobes-20-billion-takeover-of-figma-makes-cofounders-billionaires","title":{"rendered":"Adobe\u2019s $20 Billion Takeover Of Figma Makes Cofounders Billionaires"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/adobes-20-billion-takeover-of-figma-makes-cofounders-billionaires.jpg\"><\/a><\/p>\n<p>Dylan Field and Evan Wallace started building design startup Figma to challenge Adobe\u2019s PhotoShop. Now Adobe has made them billionaires after announcing it would acquire Figma for $20 billion in a cash and shares deal.<\/p>\n<p>The deal doubles the valuation that the San Francisco-based startup landed in June 2021, when it raised $200 million from investors including Durable Capital and Morgan Stanley. Forbes.<\/p>\n<p>Figma has been branded the Google Docs, or GitHub, for designers with a loyal user base in the millions paying between $12 or $45 per editor for its digital whiteboard product.<\/p>\n<hr>\n<p>The deal values Figma cofounders Dylan Field and Evan Wallace\u2019s stakes in the buzzy design startup at $2 billion apiece.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dylan Field and Evan Wallace started building design startup Figma to challenge Adobe\u2019s PhotoShop. Now Adobe has made them billionaires after announcing it would acquire Figma for $20 billion in a cash and shares deal. The deal doubles the valuation that the San Francisco-based startup landed in June 2021, when it raised $200 million from [\u2026]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-146532","post","type-post","status-publish","format-standard","hentry","category-habitats"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/146532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=146532"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/146532\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=146532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=146532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=146532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}