Heather Somerville Heather Somerville (210 Posts)

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

UC proposes $250 million venture fund for faculty- and student-led startups

The University of California has announced plans for a venture-capital fund to finance startups created on campuses, offering financial resources to the university-housed enterprise projects that VC firms often steer clear of. UC announced on Monday plans for a $250 million venture-capital Read More →

Alibaba raises IPO price days before market debut

Already marketing the largest-ever initial public offering, Alibaba on Monday upped the price of a tech deal amid voracious demand from investors. The Chinese e-commerce giant increased the price range of shares to $66 to $68, up from $60 to $66, Read More →

Square raises $100 million for $6 billion valuation

San Francisco payments company Square has raised $100 million from investors, and may be on track to double that. The company, founded and led by CEO Jack Dorsey, who also helped create Twitter, issued 6.4 million new Series E shares at Read More →

Angel Investor Ali Partovi joins food-tech startup Hampton Creek

Ali Partovi, a top tech angel investor, has joined food-tech startup Hampton Creek to pioneer the company's growth, becoming the latest in a wave of Silicon Valley leaders to latch onto a movement that aims to use technology to feed people Read More →

Two valley health-tech startups win hard-fought FDA approval

Two Silicon Valley companies have received approval from the Food and Drug Administration for heart-tracking apps, marking a hard-fought and costly achievement for these startups and a victory for the fledgling health tech industry. San Francisco-based AliveCor got the green light last Read More →

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 →

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