• VCs bet big on Silicon Valley biotech - 05/16/2015 07:24 AM PDT
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    (Andrew Caballero-Reynolds, AFP / Getty)
    Contract workers struggle as Silicon Valley on-demand companies soar

    A report released Wednesday about on-demand tech companies reveals that while valuations and profits of these companies are soaring, few benefits are trickling down to the laborers, creating a workforce that lacks the security of employee benefits and struggles with financial uncertainty. 
    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 any time in the last seven years.

    VC funding survey, first quarter 2015  

     
    Jeff Chiu
    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.  
     
    ( Jeffrey R. Staab )
    David Letterman set trashed; Dumpster divers move in

    Hours after the 'Late Show' finished taping, the crew began dismantling and throwing away iconic parts of David Letterman's set.