This Invest Like the Best episode features an interview with Dylan Field, co-founder and CEO of Figma. The conversation begins with a broad overview of the current tech landscape and then delves into Figma's journey, including the challenges of building in private for several years before launching. A significant portion focuses on the impact of AI, specifically its underhyped reasoning capabilities and how Figma is integrating AI to enhance design, aiming to lower the barrier to entry while raising the ceiling for experienced designers. Field also discusses the future of design, predicting increased design literacy and the enduring importance of human craft. Finally, he shares his perspective on the potential risks and benefits of AI, particularly in military applications.