Why Figma is selling to Adobe for $20 billion, with CEO Dylan Field

Decoder with Nilay Patel

Vox Media Podcast Network

Technology, Business

4.3 • 3.2K Ratings

🗓️ 8 November 2022

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Dylan Field is the co-founder and CEO of Figma, which makes a very popular design tool that allows designers and their collaborators to all work together right in a web browser. You know how multiple people can edit together in Google Docs? Figma is that for design work. We just redesigned The Verge; we used Figma extensively throughout that process. So for years, people have been waiting on the inevitable Figma vs. Adobe standoff since Figma was such a clear upstart competitor to Photoshop and Illustrator and the rest. Well, buckle up because in September, Adobe announced that it was buying Figma for $20 billion. Figma is going to remain independent inside Adobe, but you know, it’s a little weird. So I wanted to talk to Dylan about the deal, why he’s doing it, how he made the decision to sell, and what things he can do as part of Adobe that he couldn’t do as an independent company. Dylan’s also a pretty expansive thinker, so after we talked about his company getting the “fuck you” money from Adobe, we talked about making VR Figma for the metaverse and AGI, which is artificial general intelligence, or the kind of AI that can fully think for itself. This episode takes a turn. I think you’re going to like it. Okay, Dylan Field, CEO of Figma. Here we go. Links: Welcome to the new Verge Adobe to acquire Figma in a deal worth $20 billion A New Collaboration with Adobe Designers worry Adobe won't let Figma flourish WebGL - Wikipedia How big companies kill ideas — and how to fight back, with Tony Fadell - Decoder Dylan Field on Twitter: "Our goal is to be Figma not Adobe" College Dropout Turns Thiel Fellowship Into a $2 Billion Figma Fortune Generative adversarial network (GAN) - Wikipedia GPT-3 - Wikipedia Is VR the next frontier in fitness? - Decoder Artificial general intelligence - Wikipedia Transcript: https://www.theverge.com/e/23209862 Credits: Decoder is a production of The Verge and part of the Vox Media Podcast Network. It was produced by Creighton DeSimone and Jackie McDermott and it was edited by Jackson Bierfeldt. The Decoder music is by Breakmaster Cylinder. Our Editorial Director is Brooke Minters and our Executive Director is Eleanor Donovan. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	This episode was brought to you by Blazing Trails, an original podcast from the
0:04.2	Minds Over It's Sales Force. Blazing Trails dishes up frank conversations with
0:08.6	founders and global leaders that might just transform your own business. Their
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1:08.4	Hello and welcome to Decoder, I'm Neil Appetel, editor and chief of the
1:11.9	verge and decoder is my show about big ideas, other problems. Today I'm talking to
1:16.4	Dylan Field, the co-founder and CEO of Figma, which makes a very popular design
1:21.3	tool that allows designers and their collaborators to all work together right in
1:25.7	a web browser. You know how multiple people can edit text together in Google
1:29.8	Docs? Figma is that for designer. You don't need a fancy computer with a ton of
1:34.8	horsepower on Photoshop. You just do it all in the browser. I know a lot of
	...

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