Dylan Field

Dylan Field (born 1992) is an American technology executive and co-founder of Figma, a web-based vector graphics editing software company. Field founded Figma in 2012 with Evan Wallace, who he had met while the two were computer science students at Brown University. In 2012, Field received a Thiel Fellowship—a $100,000 grant conditioned on his leaving school to begin working full-time on the company. Field moved to San Francisco with Wallace, where the two spent four years preparing the software for its first public release in 2016.

In 2015, Field was named to the Forbes 30 under 30 list. He is estimated to own 10% of Figma's stock—a share valued at $2 billion at the time of the company's 2022 acquisition by Adobe.

Early life and education

Childhood

Field grew up in Penngrove, California. He is Jewish. Field was an only child, named after the poet Dylan Thomas. His father worked as a respiratory therapist at Santa Rosa Memorial Hospital and his mother as a resource specialist teacher at Thomas Page Elementary School. As a child, Field was adept at math, learning algebra at age six. Field's father told a Santa Rosa area newspaper in 2012 that Dylan found middle school so boring that "he mostly hung out with a janitor, who was kind of a math savant." Field was interested in computer science from a young age and participated in FIRST Robotics. He also participated in the arts as a child, acting with credits in TV ads for eToys.com and for Windows XP, and taking an interest in design starting in middle school.

Field attended high school at Technology High School, a magnet school for science, technology, engineering, and math on the campus of Sonoma State University. While in high school, Field built robots and websites for friends. He also worked with social media researcher Danah Boyd, who ultimately wrote one of Field's letters of recommendation for college.

College

In 2009, Field enrolled at Brown University, where he studied computer science. Field was an involved member of Brown's computer science department: In 2011, he organized a hackathon in which 150students participated, and starting in late 2011, he co-chaired Brown's CS Departmental Undergraduate Group.

While attending Brown University, Field interned at LinkedIn and the news-sharing startup Flipboard. At his LinkedIn internship, Field helped devise a social-impact program. His second summer, he interned as a software engineering intern at Flipboard. Afterward, Field began to doubt his plan to major in computer science and math, so he took spring semester off during his junior year to pursue a six-month internship at Flipboard in Palo Alto, this time as a technical product manager.

Around that time, Field met Evan Wallace, another computer science undergraduate studying at Brown; the two decided they wanted to start a company together. One year ahead of Field at Brown, Wallace's studied graphics, and was a teaching assistant in the computer science department.

During a semester away from Brown, Field applied to the Thiel Fellowship, a $100,000US dollar (USD) grant awarded to young entrepreneurs by investor Peter Thiel on the condition that they drop out of college for at least two years. Field's parents were initially not supportive. Field recalled in 2012, "They totally did not want me to apply." His father told the same interviewer, "Pretty much everything we earned went to education." In its second year, the Thiel Fellowship had attracted 500student applicants; 40finalists were named and 20 were ultimately selected. Field was awarded the Thiel Fellowship in May2012 and dropped out of Brown to accept it.

Field had originally intended to pursue a degree in math and computer science and graduate after four years. Field said in a 2012 interview that Brown had been his "dream school" but that he "wasn't feeling like ewas getting as much out of it as before." Field said in that interview that he intended to go back to Brown one day, noting the school allowed leaves of absence for up to five years.

Career

Starting Figma (2012)

Field was named a Thiel Fellow in 2012, earning him $100,000 in exchange for taking a leave of absence from college. The Thiel Fellowship was begun in 2011. At the time, the Thiel Fellowship was designed to select 20 "creative and motivated young people" under the age of 20 each year. Recipients were given $100,000 each to leave college for two years and work on their ideas as startup companies. Field viewed it as "almost like an independent study, just you don't get course credit, it's a little bit longer and you get paid." An executive with the Thiel Fellowship commented on their selection of Field: "He has a wonderful blend – he is obviously technically very talented – but he also has a sense of intuition for the art that he will use in his current project, which is blending art and engineering."

In summer 2012 Field co-founded Figma with Evan Wallace, who joined Field in California after completing his degree in computer science that spring.

Field's original objective was to "make it so that anyone can be creative by creating free, simple, creative tools in a browser." Field and Wallace tried many different ideas, including software for drones and a meme generator. The company was described in a 2012 article by ''The Brown Daily Herald'' more vaguely as "a technology startup that will allow users to creatively express themselves online." That article reported that the company's first ideas revolved around 3D content generation, and subsequent ideas focused on photo editing and object segmentation.

Early challenges (2012–2015)

Field's inexperience in leadership resulted in challenges both leading Figma's early team and challenges fundraising. A beta version of Figma's first product took years to launch, and many frustrated employees quit before it did. Field said in a 2021 interview, "I was just not a very good manager when I started Figma. I was an intern before that, so I had a lot to learn. I was always very optimistic; I thought that shipping was right around the corner, so I wasn’t setting expectations correctly."

At one point early on in Figma's existence, Field said he was faced with a potential exodus of disaffected employees. A 2021 article reported that the situation had grown dire enough that the senior members of his team eventually "staged a sort of managerial intervention." Field described it: "It was like, 'You need to get some help.' Afterward I took a few days away from the office. It was just hard."

Raising funding was a challenge for similar reasons. Field told a reporter from ''Business Insider'' that, when meeting with investors in 2013–2014, the company wasn't clear about what product it was building and what problems that product would solve. Field recalled that he experienced a "wake up call" when investor John Lilly turned down the chance to invest in Figma's seed round and said, "I don't think you know what you're doing yet." Field sought out further advice and improved the company's pitch; Lilly ultimately led Figma's $14millionUSD funding round in December2015, its largest up until that point.

Post-product launch (2015–present)

Figma launched its first beta product in late 2015, its first public product in late 2016, and its first paid product in 2017. Field told the ''Business Insider'' reporter that the long availability as a free product helped it acquire its first customers. Figma's initial product met with mixed reviews. In a 2021 interview, Field recalled one of the comments on Designer News reading, "If this is the future of design, I’m changing careers."

In April of 2020, Figma raised venture financing that valued the company at $2billionUSD. Figma had acquired customers including Microsoft, Airbnb, GitHub, Square, Zoom, and Uber.

A 2021 Forbes profile reported that Field spent most of the COVID-19 pandemic "listening to Figma's users": reading customer support tickets, responding to users on Twitter, and visiting clients in person in Ukraine and Nigeria. Field said of his habit of reading customer feedback: "Not all of them are happy, because here's this thing they want fixed, and that gives me a pulse on what's going on. And the people that are happy, that's when I get really stoked. And that motivates me so much."

In 2021, the company was valued at $10billionUSD in a subsequent round of financing. ''Forbes'' reported in 2021 that the company had $75millionUSD in revenue in 2020; that Joe Biden's presidential campaign managed all of its visual assets in Figma; and that "when toilet paper ran out across the U.S. in 2020, Kimberly-Clark drafted reorder forms using Figma's tools." ''Forbes'' estimated as a result of this valuation that Field and co-founder Evan Wallace were both "near-billionaires."

Other activities

Field is an angel investor in venture-backed startups and an NFT collector. Field purchased his first CryptoPunk NFT in January2018. He later described himself thinking at the time, "this is probably the stupidest thing I've ever done." In 2021 it was reported that Field sold a CryptoPunk NFT for $7.5millionUSD, the highest ever sale price for a CryptoPunk. In the days afterward, Field discussed the sale on The Good Time Show, a popular Clubhouse show, comparing the sold NFT to "a digital Mona Lisa".

This was Field's second reported sale, after a $1.5millionUSD sale in February2021. As of March2021, Field owned 11 other CryptoPunks as well as NFTs from Autoglyphs and Beeple. At that time, ''Forbes'' reported Field's profits from collecting to be $9.5millionUSD. ''Forbes'' reported in 2021 that Field was an angel investor in OpenSea, an NFT marketplace startup founded by Devin Finzer—a friend of Field's from Brown.

Personal life

Field is married. In April2021, Field's wife Elena was pregnant with their first child.

Recognition

Field has received several accolades in connection with his co-founding of Figma.

* In 2015, Field was named to the Forbes 30 under 30 list.
* In 2019, Field was named an INC Rising Star.
* In 2020, Field was named one of Business Insider's "10 people transforming the technology industry."
* In 2022, Field was named to ''Fortune'' magazine's 40 Under 40 list

References

1992 births
Brown University alumni
American technology company founders
Thiel fellows
Living people
21st-century American businesspeople
People from Penngrove, California
Businesspeople from California
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