Waystar raised $968M in IPO, PowerSchool taken private by Bain Capital in a $5.6B deal

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Waystar raised $968M after pricing its IPO at $21.50/share, giving the health care payments software maker a ~$3.6B market value - Link

PowerSchool, which provides software that helps educational institutions manage operations, is being taken private by Bain Capital in a $5.6B deal. - Link

TikTok is testing Snapchat-like streaks feature with select users in limited markets. - Link

Meta rolls out new Communities feature on Messenger to all users globally. - Link

Adobe clarifies its terms - Firefly Gen AI models not trained on customer content and will never assume ownership of customer's work. - Link

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Startup Demo of the Day:

Storeez.app is a tool for embedding interactive web stories on websites or mobile apps. - Link

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This Week in Startups:

E1960: Justin Lopas of Base Power discusses the intricacies of the Texas energy grid, the impacts of deregulation, dynamic grid pricing, and exploring solutions for enhancing grid resilience to boost human prosperity. - Watch

E1959: Steve Jurvetson and Gerard Barron discuss the mission and challenges of The Metals Company in ocean mining, the growth of the EV market, and the impact of AI on technology, including environmental and geopolitical aspects. - Watch

E1958: Rory O’Driscoll and Mark Suster discuss venture capital, founder strategies, the impact of AI, investment criteria, and lessons from decades of internet cycles, emphasizing alignment of incentives, balancing passion with business acumen, and advice for founders and Rory's younger self. - Watch

E1957: Jason and Alex discuss xAI's $6B series B, the evolution of smartphone adoption, global internet users from 2005-2023, Apple's switch from Intel, armed robot dogs and drone warfare, and North Korean nationals taking American remote tech jobs. - Watch

E1956: David Weisburd, Jaime Matus, Michael Eisenberg, and Jason discuss AI investment data from Pitchbook, the prediction of an impending washout of overfunded AI startups, Michael Eisenberg's career and investment experiences. - Watch

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