Current:Home > MyHow venture capital built Silicon Valley -EquityExchange
How venture capital built Silicon Valley
View
Date:2025-04-26 07:32:14
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! (1)
Related
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Murder suspect accused of eating part of victim's face after homicide near Las Vegas Strip
- Get Chic Kate Spade Crossbodies for 60% off (Plus an Extra 20%) & They’ll Arrive Before Mother’s Day
- 26 Republican attorneys general sue to block Biden rule requiring background checks at gun shows
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- NFL draft's 15 biggest instant-impact rookies in 2024: Can anyone catch Caleb Williams?
- Loyola Marymount forward Jevon Porter, brother of Nuggets star, arrested on DWI charge
- Asian American Literature Festival that was canceled by the Smithsonian in 2023 to be revived
- Louvre will undergo expansion and restoration project, Macron says
- MS-13 gang leader who prosecutors say turned D.C. area into hunting ground sentenced to life in prison
Ranking
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Johnson & Johnson offers to pay $6.5 billion to settle talc ovarian cancer lawsuits
- A $10 billion offer rejected? Miami Dolphins not for sale as F1 race drives up valuation
- Georgia governor signs law requiring jailers to check immigration status of prisoners
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- MS-13 gang leader who prosecutors say turned D.C. area into hunting ground sentenced to life in prison
- Loyola Marymount forward Jevon Porter, brother of Nuggets star, arrested on DWI charge
- President Joe Biden calls Japan and India ‘xenophobic’ nations that do not welcome immigrants
Recommendation
Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
Nicole Brown Simpson’s Harrowing Murder Reexamined in New Docuseries After O.J. Simpson's Death
House committee delays vote on bill to allow inmates to participate in parole hearings
Arkansas lawmakers approve new restrictions on cryptocurrency mines after backlash over ’23 law
Nevada attorney general revives 2020 fake electors case
Violence breaks out at some pro-Palestinian campus protests
RHONJ's Melissa Gorga Shares How She Feels About Keeping Distance From Teresa Giudice This Season
Tension grows on UCLA campus as police order dispersal of large pro-Palestinian gathering