Posts by Heather Somerville
Heather Somerville is a business reporter covering venture capital and startups for the Bay Area News Group. She can be reached at hsomerville@bayareanewsgroup.com.
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On-demand workforce to include 7.6 million people by 2020, new study says
Neither regulatory battles facing Uber and Airbnb nor mounting pressure on tech startups to convert their independent contractors to employees will slow the rapid-fire growth of the on-demand workforce, according to a new […]
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Ellen Pao appeals judge’s order to pay Kleiner Perkins $276,000
Former Kleiner Perkins Caufield & Byers partner Ellen Pao has said she plans to appeal a judge’s ruling that directed her to pay the venture capital firm nearly $276,000 after she […]
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Good Eggs shuttering operations in three cities, laying off 140 employees
Good Eggs, a farm-to-table food startup, is dramatically downsizing, a reminder that this time of plenty in Silicon Valley is not without its shortcomings. And Good Eggs has admitted to those […]
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Luxe, the on-demand valet parking app, will launch in San Jose
Luxe Valet, the on-demand valet parking company, will expand to San Jose next week, its first attempt at offering Bay Area residents outside of San Francisco an app-driven parking service. […]
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For Shuddle, hiring moms may be key to success
In a move that further distinguishes the ride-booking company from other Silicon Valley tech startups, Shuddle announced on Thursday it has hired two experienced professional women — and mothers — […]
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UC to fund early-stage life science startups
Startups created at the University of California can compete for funding during a first-of-its-kind UC competition. The university system will give one $150,000 award and three $50,000 awards to early-stage companies working on […]
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VC confidence wanes slightly amid high valuations
Venture capitalists’ confidence that the current the tech boom will stick around is waning, according to a survey of Silicon Valley investors released Tuesday. VCs confidence in the venture and […]
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Instacart now offering workers employee status in nine cities
Instacart is rapidly expanding its worker reclassification efforts, extending the option to become a part-time employee — rather than an independent contractor — to workers today in Portland and Seattle. […]
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GitHub raises $250 million as investors acknowledge importance of open-source software
GitHub, the hub for open-sourced software and code-sharing, has raised $250 million from investors — among the larger Silicon Valley investments so far this year. The San Francisco-based company confirmed […]
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Twilio raises $130 million — another sign it’s nearing an IPO?
Twilio has raised $130 million from investors in its latest financing round, the company announced Wednesday. Twilio, a cloud communication business platform based in San Francisco, said it will use […]
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