Current:Home > FinanceHow venture capital built Silicon Valley -TradeWisdom
How venture capital built Silicon Valley
View
Date:2025-04-27 19:58:42
In 1957, a group of Northern California scientists fed up with their boss sent an S.O.S. to a New York investment firm. They weren't looking for money. They were hoping someone might know a better employer for the team. But the investment banker who got their letter had a different idea.
Today, we retrace the story of the investment gambit that set the template for modern venture capital and the eight 'traitors' who took the deal and turned Silicon Valley into what it is today.
Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.
Subscribe to our show on Apple Podcasts, Spotify, PocketCasts and NPR One.
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
veryGood! (94897)
Related
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Bears vs. Jaguars final score: Caleb Williams, Bears crush Jags in London
- Starship launch: How to watch SpaceX test fly megarocket from Starbase in Texas
- 'The Penguin' star Cristin Milioti loved her stay in Arkham Asylum: 'I want some blood'
- 'We're reborn!' Gazans express joy at returning home to north
- Sister Wives’ Janelle Brown and Christine Brown Detail Their Next Chapters After Tumultuous Years
- Blaze that killed two Baltimore firefighters in 2023 is ruled accidental
- Basketball Hall of Fame officially welcomes 2024 class
- What to watch: O Jolie night
- Talking about sex is hard, no matter how old you are | The Excerpt
Ranking
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Ruth Chepngetich smashes woman's world record at Chicago Marathon
- Trump’s campaign crowdfunded millions online in an untraditional approach to emergency relief
- 25 Shocking Secrets About Pulp Fiction Revealed
- Why members of two of EPA's influential science advisory committees were let go
- Texas driver is killed and two deputies are wounded during Missouri traffic stop
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Eye Opening
- Quentin Tarantino's 'Pulp' players: A guide to the actors who make his 'Fiction' iconic
Recommendation
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Jamie Foxx Shares Emotional Photos From His Return to the Stage After Health Scare
Asheville residents still without clean water two weeks after Helene
Week 6 fantasy football rankings: PPR, half-PPR and standard leagues
Rylee Arnold Shares a Long
Cleveland Guardians vs. New York Yankees channel today: How to watch Game 1 of ALCS
WNBA Finals winners, losers: Series living up to hype, needs consistent officiating
J.Crew Outlet’s Extra 70% off Sale -- $228 Tweed Jacket for $30, Plus $16 Sweaters, $20 Pants & More