Heather Somerville Heather Somerville (190 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.

Funding Flash: a new firm in town, and $500 million available for biotech

In case Silicon Valley’s venture pool wasn’t frothy enough for you, there’s a new VC firm in town. PointGuard Ventures, started by VC veterans Krish Panu and Pete Thomas, announced on Thursday their new fund and first investment. The winner? Movius, Read More →

Knicks star Carmelo Anthony invests in SF kitchen-tech startup

Basketball All-Star Carmelo Anthony just placed a big bet --- off the court. Anthony, a forward for the New York Knicks, has invested in a San Francisco kitchen-tech startup through his new venture capital firm, Melo7 Tech Partners. The startup, The Read More →

After slashing share prices, TubeMogul pops in first-day trading

TubeMogul stock soared in its market debut on Friday, with shares of the video-advertising company opening at $8.76, well above the $7 IPO price. Shares popped more than 25 percent within the first half-hour of trading, and by late-morning trading had jumped more Read More →

Valley venture capital investments continue at record pace

Silicon Valley investors poured more money into health care startups and hot consumer apps such as Uber and Airbnb during the second quarter of this year, making the spring months the biggest in dollar volume for venture capital spending than Read More →

Box answers Google, Amazon and rolls out unlimited cloud storage

Box is declaring the end of the cloud storage pricing war. Or so it hopes. The Los Altos-based cloud computing company announced Tuesday it would no longer set limits on cloud storage for businesses that buy its services. All companies get unlimited Read More →

Alibaba increases valuation to $130 billion

The biggest IPO in the tech industry's history just got bigger. Alibaba, China's e-commerce giant and one of the largest Internet companies in the world, on Friday increased its valuation to $130 billion less than a month before its much-anticipated initial Read More →
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