Latest news with #DylanField
Time of India
2 days ago
- Time of India
New iPhone feature doubles battery life — but only these models will get it
What Is Adaptive Power Mode and How Does It Work? Full List of iPhones That Support Adaptive Power Mode Live Events iPhone 15 Pro iPhone 15 Pro Max iPhone 16e iPhone 16 iPhone 16 Plus iPhone 16 Pro iPhone 16 Pro Max Why Is Adaptive Power Mode Limited to Newer iPhones? Will iPhone 17 Get Adaptive Power Mode? When Will iOS 26 Be Released? FAQs (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Apple recently released a fascinating new feature in iOS 26 that might make the iPhone battery last twice as long, with one of the underrated features, which is the new adaptive power mode that helps to extend the life of an iPhone by making 'small performance adjustments to extend your battery life,' as per a feature lowers the screen brightness, and 'allowing some activities to take a little longer' is just one example of how it can do this, as per the Tom's Guide unlike the current low power mode, adaptive power mode continuously works 'when your battery usage is higher than usual,' according to the report. While many iPhone users had been waiting for this feature, this new power mode is unfortunately not available to all iPhones running iOS 26, as per the Tom's Guide READ: After Figma's blockbuster IPO, CEO Dylan Field made $5 billion without a degree! Do Gen Z need college to succeed? This feature is just limited to the newer iPhones that support Apple Intelligence, which means an iPhone 15 Pro, iPhone 15 Pro Max, and any of the current iPhone 16 models. Here's the full list, as compiled by the Tom's Guide report:ALSO READ: As the July jobs report paints a grim picture, 114 companies plan layoffs in August - is yours on the list? But if a person has any other older models like an iPhone 14 Pro Max, then they are out of luck because it appears that adaptive power mode is an AI-powered feature, according to the Tom's Guide of the reasons that Apple might be keeping the feature exclusive to Apple Intelligence is that it could be that the A17 Pro and A18 chips used by these supported iPhones are better optimized to handle this task, which would explain this decision, as reported by Tom's READ: Top economist sounds alarm: US economy teetering on recession and is on the brink of big trouble As per Tom's Guide, it is expected that iPhone 17 devices will offer adaptive power mode whenever they're released, considering how they are likely to be running iOS 26 out of the to the report, iOS 26 is currently available as a public beta, with a full release expected in the fall of this it's only available on newer iPhones with Apple Intelligence iPhones likely don't have the chip power to handle the AI processing needed for this feature.
Economic Times
2 days ago
- Business
- Economic Times
After Figma's blockbuster IPO, CEO Dylan Field made $5 billion without a degree! Do Gen Z need college to succeed?
Figma CEO Dylan Field net worth 2025: Dylan Field's success with Figma sparks debate about college value. Figma's IPO made Field a billionaire. He dropped out of Brown, aided by the Thiel Fellowship. Tech giants like Zuckerberg and Gates also skipped college. However, leaders like Nadella have advanced degrees. Gen Z questions college costs and job prospects. Survey shows graduates doubt degree value. Tired of too many ads? Remove Ads Figma's Explosive IPO Propels Dylan Field Into Billionaire Status The Thiel Fellowship: Betting on Dropouts How Dylan Field's Bold Leap from College Dropout to Figma CEO Paid Off Tired of too many ads? Remove Ads Other Billionaire Dropouts Who Skipped the Traditional Path Mark Zuckerberg Jack Dorsey Sam Altman Tired of too many ads? Remove Ads Larry Ellison Bill Gates Is College Still the Safe Bet? Gen Z Is Rethinking the Value of a College Degree FAQs As Gen Z continues to question whether a college degree is still worth the price tag, Figma cofounder and CEO Dylan Field just added fuel to the debate, with a $5 billion fortune and no diploma to show for it, as per a report. Field's story sounds like a modern tech fairytale, but for many young people today, especially Gen Z, it also brings up a real question: Do you actually need college to succeed anymore?Last week, Field, the 33-year-old CEO and cofounder of design software company Figma, officially became a billionaire as his net worth jumped to around $5 billion after Figma's explosive IPO, which saw its share price climb 333% and pushed the company's market value past $70 billion within days, as reported by who flunked out of Brown University over a decade ago, is now among the youngest tech moguls because of Figma's blockbuster IPO. Back in the early 2010s, Field took a big risk after doing internships at LinkedIn, Microsoft, and Flipboard, he applied for the Thiel Fellowship, a scheme that invites young entrepreneurs to drop out of college and start businesses, according to the Fortune report. Sponsored by billionaire Peter Thiel, the fellowship, which is given to young people who 'want to build new things instead of sitting in a classroom', awarded Field $100,000 and the liberty to work on his startup full-time, as per the READ: Top economist sounds alarm: US economy teetering on recession and is on the brink of big trouble During that time, Field's parents admitted that they were skeptical, with his mom telling CNBC that she feared he would want a degree to fall back on later in life, according to the Fortune Field's father, Andy, said that, 'I'm quite nervous, yeah,' adding, 'Most startups do fail. I think he has a good shot, but certainly not a sure thing by any means,' as quoted in the never fit in with conventional schooling and had even thought about quitting high school. The Thiel Fellowship provided him with a platform, and his intuition worked. What began as a gamble turned out to be one of the most successful tech IPOs of recent times. In 2012, the same year Facebook went public (a company also created by a dropout enabled by Thiel), Field left school to build Figma, as reported by READ: Trump orders NASA to kill 2 satellites that can function for many more years - the reason will shock all Field is part of an elite group of tech moguls who've demonstrated that achieving success needn't involve a degree. Mark Zuckerberg, Bill Gates, and Oracle's Larry Ellison all notoriously left college before they went on to found their multi-billion-dollar enterprises, as per the Fortune are a few of the most well-known names who made it big after dropping out, as compiled by Fortune:He had famously left Harvard in 2004 to build Facebook, which quickly became a global social media giant. Though he later received an honorary degree, his estimated net worth of $272 billion proves he didn't need one to change the world, according to the Twitter and Block cofounder dropped out not once, but twice, first from Missouri University of Science and Technology, then from NYU. He left just one semester before graduation to launch Twitter. When Elon Musk bought the company in 2022, Dorsey walked away with $268 million. He's now worth about $4.7 founding OpenAI, Altman dropped out of Stanford in 2005 to pursue a startup, that leap eventually led to his role in one of the most influential AI companies today. His current net worth sits around $2 dropped out of two colleges before moving to California and diving into the tech scene. He co-founded Oracle and is now the second-richest person on Earth, with a fortune of over $300 of the most famous dropouts ever, Gates left Harvard in 1975 to build Microsoft. While he once thought he'd return to finish his degree, he ended up becoming one of the most influential tech leaders in history. Today, he's worth roughly $123 skipping college isn't a golden ticket to billionaire status, just look at leaders like Microsoft CEO Satya Nadella, Google's Sundar Pichai, or Apple's Tim Cook, who all hold advanced degrees, according to the report. But more and more Gen Zers are starting to wonder: is college still worth it? As they doubt whether the promise of a high-paying, secure job after spending four years on campus will be fulfilled, as per Fortune.A recent survey by Indeed found that over a third of graduates believe their degree was a 'waste of money,' and with so many young people struggling to find jobs in their chosen fields, it's not hard to see why doubts are growing, according to Zuckerberg pointed out on the podcast 'This Past Weekend', with Theo Von, 'I'm not sure that college is preparing people for the jobs that they need to have today. I think that there's a big issue on that, and all the student debt issues are … really big,' as quoted in the added that, 'The fact that college is just so expensive for so many people, and then you graduate and you're in debt,' as quoted in the Fortune he dropped out of Brown University after receiving the Thiel $5 billion, due to Figma's massive IPO.
Time of India
2 days ago
- Business
- Time of India
After Figma's blockbuster IPO, CEO Dylan Field made $5 billion without a degree! Do Gen Z need college to succeed?
Figma CEO Dylan Field net worth 2025: Dylan Field's success with Figma sparks debate about college value. Figma's IPO made Field a billionaire. He dropped out of Brown, aided by the Thiel Fellowship. Tech giants like Zuckerberg and Gates also skipped college. However, leaders like Nadella have advanced degrees. Gen Z questions college costs and job prospects. Survey shows graduates doubt degree value. Tired of too many ads? Remove Ads Figma's Explosive IPO Propels Dylan Field Into Billionaire Status The Thiel Fellowship: Betting on Dropouts How Dylan Field's Bold Leap from College Dropout to Figma CEO Paid Off Tired of too many ads? Remove Ads Other Billionaire Dropouts Who Skipped the Traditional Path Mark Zuckerberg Jack Dorsey Sam Altman Tired of too many ads? Remove Ads Larry Ellison Bill Gates Is College Still the Safe Bet? Gen Z Is Rethinking the Value of a College Degree FAQs As Gen Z continues to question whether a college degree is still worth the price tag, Figma cofounder and CEO Dylan Field just added fuel to the debate, with a $5 billion fortune and no diploma to show for it, as per a report. Field's story sounds like a modern tech fairytale, but for many young people today, especially Gen Z, it also brings up a real question: Do you actually need college to succeed anymore?Last week, Field, the 33-year-old CEO and cofounder of design software company Figma, officially became a billionaire as his net worth jumped to around $5 billion after Figma's explosive IPO, which saw its share price climb 333% and pushed the company's market value past $70 billion within days, as reported by who flunked out of Brown University over a decade ago, is now among the youngest tech moguls because of Figma's blockbuster IPO. Back in the early 2010s, Field took a big risk after doing internships at LinkedIn, Microsoft, and Flipboard, he applied for the Thiel Fellowship, a scheme that invites young entrepreneurs to drop out of college and start businesses, according to the Fortune report. Sponsored by billionaire Peter Thiel, the fellowship, which is given to young people who 'want to build new things instead of sitting in a classroom', awarded Field $100,000 and the liberty to work on his startup full-time, as per the READ: Top economist sounds alarm: US economy teetering on recession and is on the brink of big trouble During that time, Field's parents admitted that they were skeptical, with his mom telling CNBC that she feared he would want a degree to fall back on later in life, according to the Fortune Field's father, Andy, said that, 'I'm quite nervous, yeah,' adding, 'Most startups do fail. I think he has a good shot, but certainly not a sure thing by any means,' as quoted in the never fit in with conventional schooling and had even thought about quitting high school. The Thiel Fellowship provided him with a platform, and his intuition worked. What began as a gamble turned out to be one of the most successful tech IPOs of recent times. In 2012, the same year Facebook went public (a company also created by a dropout enabled by Thiel), Field left school to build Figma, as reported by READ: Trump orders NASA to kill 2 satellites that can function for many more years - the reason will shock all Field is part of an elite group of tech moguls who've demonstrated that achieving success needn't involve a degree. Mark Zuckerberg, Bill Gates, and Oracle's Larry Ellison all notoriously left college before they went on to found their multi-billion-dollar enterprises, as per the Fortune are a few of the most well-known names who made it big after dropping out, as compiled by Fortune:He had famously left Harvard in 2004 to build Facebook, which quickly became a global social media giant. Though he later received an honorary degree, his estimated net worth of $272 billion proves he didn't need one to change the world, according to the Twitter and Block cofounder dropped out not once, but twice, first from Missouri University of Science and Technology, then from NYU. He left just one semester before graduation to launch Twitter. When Elon Musk bought the company in 2022, Dorsey walked away with $268 million. He's now worth about $4.7 founding OpenAI, Altman dropped out of Stanford in 2005 to pursue a startup, that leap eventually led to his role in one of the most influential AI companies today. His current net worth sits around $2 dropped out of two colleges before moving to California and diving into the tech scene. He co-founded Oracle and is now the second-richest person on Earth, with a fortune of over $300 of the most famous dropouts ever, Gates left Harvard in 1975 to build Microsoft. While he once thought he'd return to finish his degree, he ended up becoming one of the most influential tech leaders in history. Today, he's worth roughly $123 skipping college isn't a golden ticket to billionaire status, just look at leaders like Microsoft CEO Satya Nadella, Google's Sundar Pichai, or Apple's Tim Cook, who all hold advanced degrees, according to the report. But more and more Gen Zers are starting to wonder: is college still worth it? As they doubt whether the promise of a high-paying, secure job after spending four years on campus will be fulfilled, as per Fortune.A recent survey by Indeed found that over a third of graduates believe their degree was a 'waste of money,' and with so many young people struggling to find jobs in their chosen fields, it's not hard to see why doubts are growing, according to Zuckerberg pointed out on the podcast 'This Past Weekend', with Theo Von, 'I'm not sure that college is preparing people for the jobs that they need to have today. I think that there's a big issue on that, and all the student debt issues are … really big,' as quoted in the added that, 'The fact that college is just so expensive for so many people, and then you graduate and you're in debt,' as quoted in the Fortune he dropped out of Brown University after receiving the Thiel $5 billion, due to Figma's massive IPO.
Yahoo
2 days ago
- Business
- Yahoo
Figma's CEO is now worth $5 billion after IPO. Like Mark Zuckerberg, he dropped out of college to build a tech empire instead of sitting in class
As Gen Z questions the value of higher education, Figma CEO Dylan Field has become the latest tech billionaire to make it big without a college degree, joining the likes of Mark Zuckerberg, Larry Ellison, and Bill Gates. Thanks to his company's roaring IPO, his net worth has soared to $5 billion. And for the tech founder, the milestone is more than just a financial win—it's a validation of his decision to drop out of an Ivy League university. Figma burst onto the public markets last week, surging in share price by 333% and hitting a market cap of over $70 billion in just the first few days of trading. For investors bullish on startups, last week was a rejuvenation after a sluggish stretch in the IPO market. But for Figma cofounder and CEO Dylan Field, last week not only helped propel his net worth to about $5 billion—it was also a validation that his decision to abandon an Ivy League education at Brown University was well worth it, a choice made possible by Peter Thiel. In the early 2010s—with lines on his résumé detailing work at LinkedIn, Microsoft, and Flipboard—Field applied for the Thiel Fellowship, a program funded by the billionaire that gave $100,000 to young people who 'want to build new things instead of sitting in a classroom' (the prize has since doubled to $200,000). At the time, his parents admitted they were skeptical, with his mom telling CNBC that she feared Field would want a degree to fall back on later in life. 'I'm quite nervous, yeah,' Field's father, Andy, said. 'Most startups do fail. I think he has a good shot, but certainly not a sure thing by any means.' After being awarded the fellowship, Field felt confident it was the right move—especially since he had once considered dropping out of high school owing to his struggles with structured education. In 2012, the same year Facebook went public (a company also created by a dropout enabled by Thiel), Field left school to build Figma. The rest is billion-dollar history. Fortune reached out to Field for comment. Billionaires who made it big after dropping out Field is far from the first highly successful individual to have carved their own path in business without having walked across the stage to obtain a college diploma. In fact, many of the richest people on earth can call themselves college dropouts. Mark Zuckerberg Perhaps one of the most well-known college dropouts, Zuckerberg ditched his Harvard dorm in 2004 to move to California and dedicate his time to creating Facebook. Zuckerberg received an honorary doctorate from the school in 2017. His current net worth is about $272 billion. Jack Dorsey The cofounder of Twitter and Block, Jack Dorsey is a double dropout. After a brief stint at the Missouri University of Science and Technology, Dorsey called it quits before trying again at New York University. One semester before he would have graduated in 1999, Dorsey ditched school to focus on founding Twitter. After selling the social media platform to Elon Musk in 2022, he came home with a $268 million windfall. His current net worth is about $4.7 billion. Sam Altman Sam Altman dropped out of Stanford University in 2005 to work on his first startup: Loopt, a location-sharing app. By 2015, he had helped cofound OpenAI, the leading AI organization behind ChatGPT. His net worth is now about $2 billion. Larry Ellison Larry Ellison, cofounder of Oracle, first attended the University of Illinois thinking he might one day become a doctor. After the death of his adoptive mother, he dropped out, then later attended the University of Chicago. While he never obtained a degree from either institution, his move to California opened doors into the tech industry. After jumping from job to job, he met Bob Miner and Ed Oates, and together they created the company that would later become Oracle. He is currently the second-richest person in the world, with a net worth of just over $300 billion. Bill Gates Microsoft cofounder Bill Gates enrolled at Harvard University in 1973 before leaving two years later to lead the computer company. While he admitted in the early years he wanted to return to school and finish his degree, he's since become one of the most recognized names in the world. His net worth is about $123 billion. Why Gen Zers are turning their backs on higher education Being a college dropout is by no means the secret to becoming a billionaire—after all, many top business leaders have multiple degrees to their name, such as Microsoft CEO Satya Nadella, Google CEO Sundar Pichai, and Apple CEO Tim Cook. However, Gen Z is increasingly having doubts about whether the promise of a high-paying, secure job after spending four years on campus will be fulfilled; more than a third of graduates believe their degree was a 'waste of money,' according to a recent survey by Indeed. With millions of young people unable to find jobs in their desired industry, there may be some validity to their concerns. Zuckerberg suggested the disconnect may come from colleges being out of sync with today's workforce needs. 'I'm not sure that college is preparing people for the jobs that they need to have today. I think that there's a big issue on that, and all the student debt issues are … really big,' he said on This Past Weekend, a podcast with Theo Von. 'The fact that college is just so expensive for so many people, and then you graduate and you're in debt.' This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Figma's Pursuit of Long-Term Backers Kept IPO Price in Check
(Bloomberg) -- Figma Inc.'s record-breaking debut gains are cooling, but they have still handed a windfall to investors including the select institutions that were able to get their hands on the IPO shares, sparking debate over whether the stock was priced too low. Behind the scenes, the desire to court long-term investors influenced the outcome. PATH Train Service Resumes After Fire at Jersey City Station Seeking Relief From Heat and Smog, Cities Follow the Wind Chicago Curbs Hiring, Travel to Tackle $1 Billion Budget Hole Mayor Asked to Explain $1.4 Billion of Wasted Johannesburg Funds The stock's 250% jump in its debut session — the biggest ever first-day pop from a $1 billion-plus US IPO — meant the company and the selling shareholders effectively handed over more than $3.5 billion of value to investors that were able to get shares. Shares of Figma fell 27.4% to $88.60 each on Monday, giving the company a fully diluted value of over $50 billion. Even after the pull-back, the stock trades at more than two and a half times its IPO price. Figma and the banks considered pricing the shares above the ultimate $33 per share set in the IPO, according to a person familiar with the matter. In the end, Dylan Field, Figma's co-founder and chief executive officer, wanted to bring on board certain long-term institutional shareholders, and Field signed off on the final $33 price, the person said, asking not to be identified as the information isn't public. A Figma spokesperson declined to comment. Field didn't immediately respond to a request for comment via his LinkedIn. Representatives for the lead banks on the deal, Morgan Stanley, Goldman Sachs Group Inc., Allen & Co. and JPMorgan Chase & Co., declined to comment. With shares oversubscribed by more than 40 times, a blockbuster debut was by no means unpredictable. Had Figma and Field opted for a higher price, however, some institutional investors may not have been willing to buy the shares. Firms with a long-term investment strategy often base their view of the stock on fundamentals, and determine their price expectations in reference to the valuations of comparable software firms. These investors are typically the most coveted backers in a first-time share sale, as they tend to bring price stability. The banks pitched Figma's IPO valuation in line with highly valued software companies such as Snowflake Inc. and Datadog Inc. that trade at forward enterprise value to sales multiples ranging from 10 to 15 times, according to data compiled by Bloomberg. Silicon Valley venture capitalist Bill Gurley, general partner of Benchmark, was among the most vocal critics of the pricing. Figma's day-one pop highlighted the 'gross inefficiency in the modern IPO process,' he wrote Thursday in a post on X. A frequent commentator on the phenomenon, Gurley has long advocated for companies to pursue direct listings – raising no money and letting the market determine the share price — to avoid leaving large sums on the table. Gurley wasn't listed as a shareholder in Figma's filings. Several factors contributed to Figma's IPO surge. During the process of gathering orders for stock, the banks asked for investors to submit a specific number of shares at a specific price, rather than market orders, Bloomberg News has reported – a method providing more detailed information on the prices that investors were prepared to pay. Another clear contributor to Figma's outsized pop was the size of the offering. The number of shares sold, including the over-allotment shares, represented just 7% of the outstanding stock, a relatively small amount though not unheard of among hot tech IPOs. That may have left retail investors largely empty-handed. In social media posts, several users complained that after putting in orders with Robinhood Markets Inc., they received only one Figma share each. A representative for Robinhood said in response to a query from Bloomberg that the company distributes shares based on supply, optimizing to give as many people access as possible. Ultimately, Figma's challenge in satisfying the competing interests in the IPO was a good problem to have, said Matt Sperling, chairman of capital markets at Tigress Financial Partners. 'Arguably, the right fiduciary decision is what the company did,' Sperling said. 'Namely, push price far enough to ensure you will have high-quality owners in your register, knowing there will be a pop that ultimately also attracts strong PR for the company as well, about how great the IPO was.' (Updates with closing price in third paragraph.) AI Flight Pricing Can Push Travelers to the Limit of Their Ability to Pay How Podcast-Obsessed Tech Investors Made a New Media Industry Government Steps Up Campaign Against Business School Diversity What Happens to AI Startups When Their Founders Jump Ship for Big Tech Everyone Loves to Hate Wind Power. Scotland Found a Way to Make It Pay Off ©2025 Bloomberg L.P.
