Current:Home > FinanceHow venture capital built Silicon Valley -CapitalEdge
How venture capital built Silicon Valley
View
Date:2025-04-13 11:28:23
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! (36)
Related
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- 3 dead, 2 injured in shooting near University of Cincinnati campus
- Former Pioneer CEO and Son Make Significant Political Contributions to Trump, Abbott and Christi Craddick
- Hurricane Beryl makes landfall as extremely dangerous Category 4 storm lashing Caribbean islands
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- 1-in-a-million white bison calf born at Yellowstone hasn't been seen since early June, park says
- Sydney McLaughlin-Levrone dominates 400 hurdles, sets world record again
- Ford, Volkswagen, Toyota, Porsche, Tesla among 1M vehicles recalled: Check car recalls here
- New data highlights 'achievement gap' for students in the US
- Willie Nelson expected back on road for Outlaw Music Festival concert tour
Ranking
- A South Texas lawmaker’s 15
- After 32 years as a progressive voice for LGBTQ Jews, Rabbi Sharon Kleinbaum heads into retirement
- Maryland hikes vehicle registration fees and tobacco taxes
- Who was Nyah Mway? New York 13-year-old shot, killed after police said he had replica gun
- Nevada attorney general revives 2020 fake electors case
- See Travis Kelce Celebrate Taylor Swift Backstage at the Eras Tour in Dublin
- Harrisburg, Tea, Box Elder lead booming South Dakota cities
- Lawsuit accuses Iran, Syria and North Korea of providing support for Hamas’ Oct. 7 attack on Israel
Recommendation
What do we know about the mysterious drones reported flying over New Jersey?
More evaluation ordered for suspect charged in stabbings at Massachusetts movie theater, McDonald’s
Klay Thompson is leaving the Warriors and will join the Mavericks, AP sources say
What to know about the plea deal offered Boeing in connection with 2 plane crashes
The company planning a successor to Concorde makes its first supersonic test
Former Missouri prison guards plead not guilty to murder in death of Black man
Wimbledon 2024: Here’s how to watch on TV, betting odds and more you should know
California budgets up to $12 million for reparations bills, a milestone in atoning for racist legacy