| Hi, Agen. Finally, some IPOs. After a more than two-year lull for new listings from venture-backed startups, this week there are two. Just ahead of Reddit’s long-awaited IPO today, chip company Astera Labs went public yesterday, and investors were very enthusiastic: Shares soared more than 72% in their first day of trading on the Nasdaq, giving it a market capitalization of around $10 billion. Plus, why you should be careful about “AI washing” your startup. Shares of Astera Labs skyrocketed in their first day of trading yesterday. The well-received offering — one of the largest technology debuts in months — comes amid a period of great investor interest in AI technology. The listing could also rejuvenate the broader IPO market, especially if Reddit performs well in its arrival on the New York Stock Exchange today. Thinking about describing your startup as “AI-enhanced,” “AI-driven” or even “AI-infused”? You may want to consider how true that really is before you do: U.S. regulators and some prosecutors have made it clear they’re going after startups they believe are “AI washing” their companies by making false claims about the extent of their artificial intelligence capabilities. Biting bugs represent a big enough market to intrigue both startups and investors. Companies with business models focused on repelling insects, killing mosquitoes and eliminating bed bugs have raised tens of millions in seed and venture funding in recent years, a review of Crunchbase data shows. Related Crunchbase Pro list: Funded Companies Tied To Fighting Biting Bugs Almost a third of Reddit is owned by one company. Who else has a stake in the San Francisco-based startup, which is the last of its peers from the Web 2.0 era to finally head to the public markets? We break down its ownership and financials as it goes public today. | 
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