Current:Home > FinanceHow venture capital built Silicon Valley -MarketMind
How venture capital built Silicon Valley
View
Date:2025-04-27 21:22:06
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! (4888)
Related
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Will Cowboys fire Mike McCarthy? Jerry Jones blasts 'hypothetical' after brutal loss
- RHOSLC's Lisa Barlow Hilariously Weighs in on Mormon Sex Swinging Culture
- True Value files for bankruptcy after 75 years, selling to hardware rival Do It Best
- Sam Taylor
- Taylor Swift and Travis Kelce's Date Night at Yankees-Cleveland MLB Game Is a Home Run
- Lupita Nyong'o Breaks Down in Tears Detailing Grief Over Black Panther Costar Chadwick Boseman’s Death
- Former officer with East Germany’s secret police sentenced to prison for a border killing in 1974
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Florida government finds fault with abortion ballot measure over ads and petitions
Ranking
- The Best Stocking Stuffers Under $25
- True Value files for bankruptcy after 75 years, selling to hardware rival Do It Best
- Biobanking Corals: One Woman’s Mission To Save Coral Genetics in Turks and Caicos To Rebuild Reefs of the Future
- Grand jury charges daughter with killing Kentucky woman whose body was dismembered
- What to watch: O Jolie night
- Real Housewives of Orange County's Tamra Judge Shares She’s on Autism Spectrum
- 1-seat Democratic margin has Pennsylvania House control up for grabs in fall voting
- Honda, Nissan, Porsche, BMW among 1.7 million vehicles recalled: Check car recalls here
Recommendation
NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
Bill Belichick has harsh words for Jets owner Woody Johnson during 'Monday Night Football'
Two men shot during Pennsylvania assassination attempt on Trump say Secret Service failed them
When will Jonathon Brooks play? Latest injury update on Panthers rookie RB
'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
In Missouri, Halloween night signs were required in the yards of sex offenders. Until now
Aaron Rodgers, Allen Lazard complete Hail Mary touchdown at end of first half vs. Bills
Two suspects arrested after shooting near Tennessee State homecoming left 1 dead, 9 injured