Heather Somerville Heather Somerville (152 Posts)

Heather Somerville reports on consumer affairs, retail and technology for the Bay Area News Group. She lives in San Francisco, where she enjoys rock climbing, yoga and biking across the Golden Gate Bridge.

Upstart offers 3-year loans to help recent college grads

Recent college grads and millennials with less-than-stellar credit can now get a loan through Palo Alto startup Upstart to buy a car, continue their education or create a business. Upstart, a peer-to-peer lending platform that offers an alternative to Read More →

Airbnb seals $450M investment

Airbnb has closed a mega investment deal that values the room- and home-rental site at a whopping $10 billion. The company, which launched in 2008 after the founders were accepted into the esteemed Y Combinator startup accelerator, has received a $450 million Read More →

Lyft launches program to drive for charity

Ridesharing service Lyft announced Thursday a new charity service to deliver supplies to the needy and offer free rides to the elderly or sick. Through Lyft for Good, a nationwide program, drivers employed by Lyft will use their cars Read More →

Mt. Gox heads toward liquidation in Japan

The writing on the wall for Mt. Gox became a bit clearer Wednesday when the defunct bitcoin exchange gave up on plans to rebuild after a district court in Japan rejected its request for bankruptcy protection. Mt. Gox has agreed with Read More →

Mt. Gox chief refuses judge’s order to testify in his own U.S. bankruptcy case

The founder of the notorious bitcoin exchange Mt. Gox has told the U.S. justice system, "nah, I don't think so," in response to a judge's demand that he travel to the U.S. to explain to officials how and why his Read More →

Venture capital raises record funds in 1st quarter

Venture capitalists raised almost $9 billion during the first three months of 2014, pushing total fundraising to a 14-year high. Since January, U.S. venture capital firms have raised $8.9 billion, making for the strongest fundraising quarter since 2007, according Read More →
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