Heather Somerville Heather Somerville (205 Posts)

Heather Somerville is a business reporter covering venture capital and startups for the Bay Area News Group.

Alibaba reveals huge revenue, profit weeks before IPO

In case we all didn't already know that Chinese Internet company Alibaba was, well, preparing to take over the world, the e-commerce colossus released financial statements to remind us just how formidable it really is. Alibaba -- an e-commerce, payments, cloud Read More →

Biotech company Calithera wakes up sleepy IPO market

Bay Area biotech livened up the August market doldrums with an initial public filing from South San Francisco-based Calithera Biosciences. The company, which makes clinical-stage drugs for cancer treatment, breathes new life into the IPO market, which came to a standstill Read More →

Indiegogo has more women in tech, leadership positions

Indiegogo, a pioneer of the crowdfunding movement, became one of the first startups on Thursday to release the demographic breakdown of its workforce, as tech companies face a heightened scrutiny on the diversity -- or lack thereof -- Read More →

Square rolls out new business tool for small merchants

Square, still lurching from speculation about its tenuous future, is going after small businesses with its latest digital payments tool. On Thursday, Square launched a suite of analytics tools -- Square Analytics -- to help sellers track how their business is performing Read More →

Startup Spotlight: Roost, an Airbnb for storage

People are already sharing their house and cars to make a few bucks, and now you can also make a pretty penny for renting out your basement or garage. In the next evolution of the sharing economy, Roost, which Read More →

Lyft COO leaves after relationship with founders breaks down

While Uber was celebrating its big hire of David Plouffe, former campaign manager and political strategist for President Barack Obama, its competitor Lyft was saying goodbye to a top executive. Travis VanderZanden, chief operating officer of the peer-to-peer ride-ordering Read More →
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