Current:Home > ContactHow venture capital built Silicon Valley -WealthGrow Network
How venture capital built Silicon Valley
View
Date:2025-04-16 10:01:55
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! (597)
Related
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Judge in Alaska sets aside critical habitat designation for threatened bearded, ringed seals
- Man sentenced to nearly 200 years after Indiana triple homicide led to serial killer rumors
- Plans to build green spaces aimed at tackling heat, flooding and blight
- Sonya Massey's father decries possible release of former deputy charged with her death
- How to get your share of Oracle's $115 million class-action settlement; deadline is coming
- Golden State Valkyries expansion draft: WNBA sets date, rules for newest team
- How one preschool uses PAW Patrol to teach democracy
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- Ariana Grande defends Ethan Slater, slams 'evil' tabloids for relationship coverage
Ranking
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Nobody Wants This Creator Erin Foster Reveals Heartwarming True Story That Inspired the Netflix Series
- Benny Blanco Has the Best Reaction to Selena Gomez’s Sexy Shoutout
- Cardi B Details Getting Another Round of Her Butt Injections Removed
- Intel's stock did something it hasn't done since 2022
- Who was Pete Rose? Hits, records, MLB suspension explained
- Cincinnati Opera postpones Afrofuturist-themed `Lalovavi’ by a year to the summer of 2026
- Drake Hogestyn, ‘Days of Our Lives’ star, dies at 70
Recommendation
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Criminals set up fake online pharmacies to sell deadly counterfeit pills, prosecutors say
Braves host Mets in doubleheader to determine last two NL playoff teams
Gymshark Sale: Save 70% on Workout Gear With $20 Leggings, $12 Sports Bras, $14 Shorts & More
Woman dies after Singapore family of 3 gets into accident in Taiwan
San Diego Padres back in MLB playoffs after 'selfishness' doomed last season's flop
The Latest: Harris, Trump shift plans after Hurricane Helene’s destruction
Angelina Jolie drops FBI lawsuit over alleged Brad Pitt plane incident, reports say