Current:Home > MyHow venture capital built Silicon Valley -FinanceMind
How venture capital built Silicon Valley
View
Date:2025-04-14 02:19:57
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! (59)
Related
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- It Ends With Us Author Colleen Hoover Addresses Backlash Over Blake Lively's Costumes in Film
- Boy reels in invasive piranha-like fish from Oklahoma pond
- Chicago Billionaire James Crown Dead at 70 After Racetrack Crash
- Bodycam footage shows high
- California aims to tap beavers, once viewed as a nuisance, to help with water issues and wildfires
- By 2050, 200 Million Climate Refugees May Have Fled Their Homes. But International Laws Offer Them Little Protection
- Charity Lawson Shares the Must-Haves She Packed for The Bachelorette Including a $5 Essential
- Trump's 'stop
- Indigenous Women in Peru Seek to Turn the Tables on Big Oil, Asserting ‘Rights of Nature’ to Fight Epic Spills
Ranking
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- RMS Titanic Inc. holds virtual memorial for expert who died in sub implosion
- California aims to tap beavers, once viewed as a nuisance, to help with water issues and wildfires
- Warming Ocean Leaves No Safe Havens for Coral Reefs
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Anger grows in Ukraine’s port city of Odesa after Russian bombardment hits beloved historic sites
- To Stop Line 3 Across Minnesota, an Indigenous Tribe Is Asserting the Legal Rights of Wild Rice
- Chicago police officer shot in hand, sustains non-life-threatening injury
Recommendation
Current, future North Carolina governor’s challenge of power
‘Reduced Risk’ Pesticides Are Widespread in California Streams
Only New Mexico lawmakers don't get paid for their time. That might change this year
Indigenous Women in Peru Seek to Turn the Tables on Big Oil, Asserting ‘Rights of Nature’ to Fight Epic Spills
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
California Gears Up for a New Composting Law to Cut Methane Emissions and Enrich Soil
South Korean court overturns impeachment of government minister ousted over deadly crowd crush
Step up Your Skincare and Get $141 Worth of Peter Thomas Roth Face Masks for Just $48