Current:Home > ContactHow venture capital built Silicon Valley -×
How venture capital built Silicon Valley
NovaQuant View
Date:2025-04-09 05:18:53
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! (9)
Related
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- How often should I take my dog to the vet? Advice from an expert
- The Bachelorette’s Andi Dorfman Is Pregnant, Expecting First Baby With Husband Blaine Hart
- South Dakota Supreme Court reverses judge’s dismissal of lawsuit against abortion rights initiative
- Arkansas State Police probe death of woman found after officer
- Louisiana mayor who recently resigned now faces child sex crime charges
- Scottie Scheffler won't be viewed as an Olympic hero, but his was a heroic performance
- Jimmer Fredette injury update: 3x3 star to miss 6 months after Olympic-ending injury
- Sam Taylor
- 1 child dead after gust of wind sends bounce house into the air
Ranking
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Last Day to Shop the Nordstrom Anniversary Sale: Race Against the Clock to Shop the Top 45 Deals
- Does Noah Lyles have asthma? What to know of track star who won 100m gold at Paris Olympics
- Xochitl Gomez Reveals Marvel-ous Skincare Lessons and Products for Under $5
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Canada looks to centuries-old indigenous use of fire to combat out-of-control wildfires
- Everything you need to know about the compact Dodge Neon SRT-4
- 2024 Olympics: Anthony Ammirati and Jules Bouyer React After Going Viral for NSFW Reasons
Recommendation
Nearly half of US teens are online ‘constantly,’ Pew report finds
Extreme Heat Is Making Schools Hotter—and Learning Harder
Zac Efron Breaks His Silence After Being Hospitalized for Swimming Incident in Ibiza
What You Need to Know About This Mercury Retrograde—and Which Signs Should Expect Some Extra Turbulence
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
Miss USA Alma Cooper crowned amid controversial pageant year
Josh Hall addresses 'a divorce I did not ask for' from HGTV's Christina Hall
Olympic track highlights: Noah Lyles is World's Fastest Man in 100 meters photo finish