Just minted a new billionaire in SF last week.
Dylan Field, the co-founder and CEO of San Francisco-based Figma, is on the cusp of an epic windfall after Adobe ADBE, -3.12% announced plans to acquire his company for $20 billion this week. Field will stay on with Figma (which makes collaborative design tools), and he reportedly owns a a sizable stake in his company. Forbes estimated it at 10%, which means Field could be looking at a $2 billion payday from the deal.
One of my co-workers left for Figma a few months ago. Iâm not sure what his vesting schedule for the acquisition will be, but Iâm sure he scored big.
I knew someone who worked there. He couldnât withstand the pressure of working long hours and quit before anything got vested. I tried to convince him to stay for the stock options but he accused me of being âmoney-drivenâ.
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He is banging his head against the wall now.
I hope so. But then he told me that he doesnât care about money.
What a loser. Wealth is not destined for the weak.
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Which group are you in? Weak or strong
Can only say this after $1B net worth
Like me. I will be Loser for life
If the price of a new iPhone once a year keeps someone from being rich, they have bigger issues.
Left out number 1⌠paying rent instead of buying your own home. Number one reason for wealth disparity is owning your own home vs renting
Optimal time to upgrade is 2-3 years, equivalent to about $200-$250 per year (with trade in) and always owning relatively new iPhone.