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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 →

Quoted: on Russia’s startup environment

"The chances of any startup working are already low, and if you add up the corruption risk and legal and political risk, it's insane to start a company [in Russia] if you could move it to California or England." — 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 →

Kleiner Perkins reports computer theft at its Menlo Park office

Someone broke into the Menlo Park office of venture capital powerhouse Kleiner Perkins last month and took off with laptops containing social security numbers and other sensitive financial details. The company disclosed the theft in an Aug. 13 letter to the 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 →
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