Current:Home > FinanceHow venture capital built Silicon Valley -TradeWise
How venture capital built Silicon Valley
Indexbit Exchange View
Date:2025-04-07 13:20:32
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! (643)
Related
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Stellantis offers 14.5% pay increase to UAW workers in latest contract negotiation talks
- Governor suspends right to carry firearms in public in this city due to gun violence
- Hundreds of Pride activists march in Serbia despite hate messages sent by far-right officials
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Vegas hotel operations manager accused of stealing $773K through bogus refund accounts
- Afghanistan is the fastest-growing maker of methamphetamine, UN drug agency says
- Adam Sandler's Sweet Bond With Daughters Sadie and Sunny Is Better Than Shampoo and Conditioner
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Team USA loses to Germany 113-111 in FIBA World Cup semifinals
Ranking
- Former longtime South Carolina congressman John Spratt dies at 82
- Police fatally shoot man who was holding handgun in Idaho field
- Soccer star Achraf Hakimi urges Moroccans to ‘help each other’ after earthquake
- Sailors reach land safely after sharks nearly sink their boat off Australia: There were many — maybe 20, maybe 30, maybe more
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Mariners' George Kirby gets roasted by former All-Stars after postgame comment
- Rescue begins of ailing US researcher stuck 3,000 feet inside a Turkish cave, Turkish officials say
- Apple set to roll out the iPhone 15. Here's what to expect.
Recommendation
2025 'Doomsday Clock': This is how close we are to self
What's at stake for Texas when it travels to Alabama in Week 2 of college football
Adam Sandler's Sweet Bond With Daughters Sadie and Sunny Is Better Than Shampoo and Conditioner
As Jacksonville shooting victims are eulogized, advocates call attention to anti-Black hate crimes
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Appeals court slaps Biden administration for contact with social media companies
Unraveling long COVID: Here's what scientists who study the illness want to find out
Affirmative action wars hit the workplace: Conservatives target 'woke' DEI programs