Current:Home > reviewsNovaQuant Quantitative Think Tank Center:How venture capital built Silicon Valley -Visionary Wealth Guides
NovaQuant Quantitative Think Tank Center:How venture capital built Silicon Valley
Indexbit Exchange View
Date:2025-04-09 01:33:21
In 1957,NovaQuant Quantitative Think Tank Center 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! (536)
Related
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- How to watch the solar eclipse on TV: What to know about live coverage and broadcast info
- California doctor travels to Gaza to treat children injured in Israel-Hamas war
- What's next for Caitlin Clark? Her college career is over, but Iowa star has busy months ahead
- Louvre will undergo expansion and restoration project, Macron says
- Why Brandi Cyrus Says Mom Tish Cyrus Is in Her Unapologetic Era
- Is AI racially biased? Study finds chatbots treat Black-sounding names differently
- How South Carolina's Dawn Staley forged her championship legacy after heartbreak of 1991
- A South Texas lawmaker’s 15
- Michelle Troconis, convicted of conspiracy in Jennifer Dulos murder, was fooled by boyfriend, says sister
Ranking
- Louvre will undergo expansion and restoration project, Macron says
- What time the 2024 solar eclipse starts, reaches peak totality and ends today
- Drake Bell Defends Josh Peck From “Attack” After Quiet on Set
- Purdue powers its way into NCAA March Madness title game, beating N.C. State 63-50
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- 'The Regime' series finale: Kate Winslet breaks down the ending of her HBO political drama
- Maryland Gov. Wes Moore says aggressive timeline to reopen channel after bridge collapse is realistic
- A child is dead and 2 adults are hospitalized in a car crash with a semitruck in Idaho, police say
Recommendation
'Most Whopper
Caitlin Clark forever changed college game — and more importantly view of women's sports
Elon Musk will be investigated over fake news and obstruction in Brazil after a Supreme Court order
What time the 2024 solar eclipse starts, reaches peak totality and ends today
Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
UConn takes precautions to prevent a repeat of the vandalism that followed the 2023 title game
2044 solar eclipse path: See where in US totality hits in next eclipse
In second Texas edition, CMT Awards set pays homage to Austin landmark