Current:Home > ScamsHow venture capital built Silicon Valley -OceanicInvest
How venture capital built Silicon Valley
View
Date:2025-04-16 17:02:16
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! (317)
Related
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Friend says an ex-officer on trial in fatal beating of Tyre Nichols did his job ‘by the book’
- Latina governor of US border state will attend inauguration of Mexico’s first female president
- Sean Diddy Combs Accused of Rape and Impregnating a Woman in New Lawsuit
- Intellectuals vs. The Internet
- Anthropologie’s Extra 50% off Sale Includes Stylish Dresses, Tops & More – Starting at $9, Save Up to 71%
- Suspicious package sent to elections officials in Minnesota prompts evacuation and FBI investigation
- Kentucky sues Express Scripts, alleging it had a role in the deadly opioid addiction crisis
- Meta releases AI model to enhance Metaverse experience
- SpaceX launches rescue mission for 2 NASA astronauts who are stuck in space until next year
Ranking
- The company planning a successor to Concorde makes its first supersonic test
- Teen wrestler mourned after sudden death at practice in Massachusetts
- House explosion that killed 2 linked to propane system, authorities say
- Cowboys find much-needed 'joy' in win over Giants after gut check of two losses
- Travis Hunter, the 2
- Ed Pittman dies at 89 after serving in all three branches of Mississippi government
- Helene leaves behind 'overwhelming' destruction in one small Florida town
- The Special Reason Hoda Kotb Wore an M Necklace While Announcing Today Show Exit
Recommendation
In ‘Nickel Boys,’ striving for a new way to see
Latina governor of US border state will attend inauguration of Mexico’s first female president
Indianapolis man sentenced to 189 years for killing 3 young men found along a path
Proof Kourtney Kardashian and Travis Barker's Son Rocky Is Embracing Spooky Season Before Halloween
This was the average Social Security benefit in 2004, and here's what it is now
Proof Kourtney Kardashian and Travis Barker's Son Rocky Is Embracing Spooky Season Before Halloween
Recent major hurricanes have left hundreds dead and caused billions in damages
North Carolina floods: Lake Lure Dam overtops with water, but remains in tact, officials say