Business reporter @mercnews covering startups in Silicon Valley. Medill MSJ. multimedia enthusiast. traveler. yogi. Views are my own. Retweet ≠ endorsement.

San Jose’s Outset Medical raises $60 million to transform kidney dialysis

siliconbeat.com — A San Jose company working to transform kidney dialysis into a home treatment has raised $60 million to support research and development of its potentially breakthrough medical device. Outset Medical said that $45 million of new financing was led by return investors Warburg Pincus and The Vertical Group, and the company also secured $15 million from converted warrants.

Florida says Uber driver is employee, not contractor

siliconbeat.com — Florida has decided that Uber drivers are not freelance contractors, as Uber has long claimed them to be, but are, in fact, employees of the company. The decision, brought by the Florida Department of Economic Opportunity, upends the very business model that has propelled Uber to a $41 billion startup that has steamrolled across markets from Beirut to Boise, and is bound to be vigorously protested by the company.

Contract workers struggle as on-demand tech companies soar

seattletimes.com — As the valuations and profits of on-demand tech companies soar, few benefits are trickling down to their contract workers, creating a workforce that lacks the security of employee benefits and struggles with financial uncertainty. SAN JOSE, Calif.

Luxury bus startup Leap shut down by state

siliconbeat.com — The juice bar and leather armchairs were fun while they lasted. San Francisco luxury bus service Leap, which has been operating without the proper license, has temporarily suspended service through at least the end of this week, citing "a regulatory issue" that snarled its operations, the startup announced on its Facebook page Tuesday.

Contract workers struggle as Silicon Valley on-demand companies soar

contracostatimes.com — By Heather Somerville hsomerville@mercurynews.com Posted: 05/19/2015 09:08:48 PM PDT Companies such as Uber and TaskRabbit have promised a new on-demand labor economy where workers are free from the restrictions of a 9-to-5 schedule and will still earn enough money to pay Bay Area rents.

Contract workers struggle as Silicon Valley on-demand companies soar

mercurynews.com — Posted: 05/19/2015 09:08:37 PM PDT Companies such as Uber and TaskRabbit have promised a new on-demand labor economy where workers are free from the restrictions of a 9-to-5 schedule and will still earn enough money to pay Bay Area rents.

MuleSoft joins unicorn ranks with $1.5 billion valuation

siliconbeat.com — Silicon Valley has another so-called unicorn in MuleSoft, which on Tuesday announced it had raised its largest funding round yet - $128 million. The financing round puts MuleSoft's valuation at about $1.5 billion and on the track to an initial public offering.

VCs bet big on Silicon Valley biotech

contracostatimes.com — By Heather Somerville hsomerville@mercurynews.com Posted: 05/15/2015 03:00:00 PM PDT Updated: 05/15/2015 07:00:58 PM PDT Companies searching for cures for cancer and testing treatments for crippling genetic diseases are capturing the interest of venture capitalists -- and their money -- more than at any time in the last seven years.

Lyft raises $100 million from Carl Icahn to show Uber hasn’t won it all

santacruzsentinel.com — SAN FRANCISCO >> Don't be so quick to dismiss the little guy. That was the message Lyft and activist investor Carl Icahn sent when the ride-hailing service on Friday announced $150 million in new financing, the lion's share of which came from Icahn, an outspoken and influential investor.

Lyft raises $100 million from Carl Icahn to show Uber hasn't won it all

contracostatimes.com — Lyft on Friday announced $150 million in new financing, the lion's share of which came from Carl Icahn, an outspoken and influential investor. The deal proves, say experts, that the ride-hailing market is big enough for two companies -- and Uber's global domination is not as inevitable as Uber and its investors would like the world to believe.
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May 22, 2015

RT @nytimes: Even if you don't live in California, you may have to give up something you love because of the water shortage nyti.ms/1Fr5pVe

May 20, 2015

Luxury bus startup @RideLeap shut down by state. Trade in those pressed juices for a crowded muni. @siliconbeat siliconbeat.com/2015/05/20/lux…

May 20, 2015

RT @jowens510: Salesforce reports GAAP profits (!!!) of $4.1M, or a penny a share, on sales of $1.51B. Adjusted profits of 16 cents a share. $CRM up 3% AH.

May 20, 2015

Awesome story by @Verge : @Uber gutted Carnegie Mellon’s top robotics lab to build self-driving cars theverge.com/transportation…

May 20, 2015

@M_S_N3 But yeah, the reporters didn't pay. That's the rule of thumb.

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