Current:Home > StocksHow venture capital built Silicon Valley -Visionary Wealth Guides
How venture capital built Silicon Valley
View
Date:2025-04-19 11:54:14
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! (78294)
Related
- Trump's 'stop
- Montana State Hospital shuffles top leadership, again
- Gypsy Rose Blanchard timeline: From her prison release to recent pregnancy announcement
- Small wildfire leads to precautionary evacuation of climate change research facility in Colorado
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Archaeologists unearth 4,000-year-old temple and theater in Peru
- Rep. Adam Smith on why Biden should step aside — The Takeout
- After massive AT&T data breach, can users do anything?
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Eddie Murphy and Paige Butcher Get Married in Caribbean Wedding
Ranking
- Former Syrian official arrested in California who oversaw prison charged with torture
- Why We're All Just a Bit Envious of Serena Williams' Marriage to Alexis Ohanian
- Just a Category 1 hurricane? Don’t be fooled by a number — It could be more devastating than a Cat 5
- Civil rights groups call for DOJ probe on police response to campus protests
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Idris Elba meets with King Charles III to discuss UK youth violence: See photos
- Livvy Dunne says Paul Skenes makes her a 'crazy baseball girlfriend'
- Stamp prices increase again this weekend. How much will Forever first-class cost?
Recommendation
All That You Wanted to Know About She’s All That
'The View' co-host Joy Behar questions George Clooney for op-ed criticizing Joe Biden
Landslide in Nepal sweeps 2 buses into monsoon-swollen river, leaving 51 people missing
Georgia state tax collections finish more than $2 billion ahead of projections, buoying surplus
Buckingham Palace staff under investigation for 'bar brawl'
Alec Baldwin's Rust Shooting Trial Dismissed With Prejudice
Prosecutors in Karen Read case argue against dismissing any charges
California fire officials report first wildfire death of the 2024 season