Current:Home > NewsHow venture capital built Silicon Valley -CapitalTrack
How venture capital built Silicon Valley
View
Date:2025-04-13 03:40:13
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! (7)
Related
- Travis Hunter, the 2
- Spoilers! How Nicolas Cage's mom inspired his 'Longlegs' 'boogeyman'
- MLB draft prospects with famous bloodlines carry weight of monster expectations
- Donald Trump appeared to be the target of an assassination attempt. Here’s what to know
- Meta releases AI model to enhance Metaverse experience
- Texas Gov. Greg Abbott demands answers as customers remain without power after Beryl
- SUV carrying 5 people lands in hot, acidic geyser at Yellowstone National Park
- Judge dismisses Rudy Giuliani's bankruptcy case, clearing way for collectors to pursue debts
- Average rate on 30
- Taylor Swift unveils new 'Fearless' and 'Tortured Poets' dresses in Milan, Italy
Ranking
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Inside Scattergood, the oldest structure on the CIA's campus
- Trump is injured but ‘fine’ after apparent assassination attempt leaves rally-goer and gunman dead
- Thousands of fish found dead in California lake, puzzling authorities
- Senate begins final push to expand Social Security benefits for millions of people
- Judge dismisses Rudy Giuliani's bankruptcy case, clearing way for collectors to pursue debts
- Richard Simmons, fitness guru, dies at age 76
- Trump rally attendee says he saw alleged shooter move from roof to roof
Recommendation
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
Scarlett Johansson dishes on husband Colin Jost's 'very strange' movie cameo
'Dr. Ruth' was more than a sex therapist: How her impact spans generations
Shooting kills 3 people including a young child in a car on an Alabama street
Bodycam footage shows high
Alec Baldwin thanks supporters in first public comments after early end to trial
Prince William and Prince George Make Surprise Appearance at Euro 2024 Final
Chuck Lorre vows 'Georgie & Mandy's First Marriage' success, even if TV marriage is doomed