Iconiq’s Will Griffith explains why investors sold Figma shares

Plus more of TechCrunch's top stories this weekend

View this email online in your browser  August 03, 2025 TechCrunch Top 3 Iconiq's Will Griffith explains how his firm celebrated Figma's IPO and why investors sold shares: Will Griffith is a seed investor in Figma. Investors didn't want to sell millions of shares. He explains why they did it anyway. Read More The uproar over Vogue's AI-generated ad isn't just about fashion: "Modeling as a profession is already challenging enough without having to compete with now new digital standards of perfection that can be achieved with AI," Sarah Murray told TechCrunch. Read More Lina Khan points to Figma IPO as vindication of M&A scrutiny: A surprising figure is celebrating Figma's successful IPO: Lina Khan, former chair of the Federal Trade Commission, who said the offering demonstrates the value of "letting startups grow into independently successful businesses." Read More A message from TechCrunch Events Join 10,000 tech & VC leaders at Disrupt 2025 in Oct 250+ top tech voices. 200 sessions. 10,000+ attendees. 3 days straight — October 27–29 at Moscone West in San Francisco. Don't miss valuable takeaways across 6 industry stages, breakouts, roundtables, and unmatched networking. All at the 20th anniversary of TechCrunch Disrupt. Register now to save up to $675 on your ticket. Register Now Sunday Must-Reads Anthropic cuts off OpenAI's access to its Claude models: Anthropic has cut off one of its biggest competitors, revoking OpenAI's access to its Claude family of AI models. Read More Tim Cook reportedly tells employees Apple 'must' win in AI: Apple CEO Tim Cook held an hourlong all-hands meeting in which he told employees that the company needs to win in AI: "Apple must do this. Apple will do this." Read More Inside OpenAI's quest to make AI do anything for you: OpenAI developed the first AI reasoning model less than a year ago, but the technology has shifted Silicon Valley's focus to agents. Read More Kleiner Perkins is having a very good week: With two IPOs this week alone, Kleiner Perkins partner Mamoon Hamid has reason to celebrate. Read More Tesla partly liable in Florida Autopilot trial, jury awards $200M in damages: The jury verdict is one of the first major legal decisions about driver assistance technology that has gone against Tesla. Both Elon Musk and Tesla have spent years making claims about Autopilot's capabilities. Read More A message from TechCrunch Events Showcase your brand to 10,000+ tech leaders Get your brand in front of 10,000+ tech and VC leaders over three action-packed days at Disrupt 2025 this October. Boost your visibility, spark meaningful connections, and position your company at the forefront of innovation. Don't wait. Secure your exhibit space before your competitor beats you to it. Book Now Last but Not Least What founders should think about if looking to raise a Series C: And it starts with a reality check, according to Sapphire Ventures partner Cathy Gao. Read More Check out some of our other newsletters: StrictlyVC TechCrunch Events TechCrunch Mobility Want to adjust your daily newsletter schedule? You can do it right here Got a tip? Get in touch securely. Want to advertise on TechCrunch? advertise@techcrunch.com Has this been forwarded to you? Click here to subscribe to this newsletter. Unsubscribe Member Center Privacy Policy Copyright © 2025 TechCrunch Media LLC 501 2nd Street, Suite 650, San Francisco, CA 94107