Current:Home > ContactHow venture capital built Silicon Valley -MoneyFlow Academy
How venture capital built Silicon Valley
View
Date:2025-04-18 20:29:12
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! (1)
Related
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Lauren Sánchez reveals how fiance Jeff Bezos and her kids inspired her children's book
- 2024 Halloween costume ideas: Beetlejuice, Raygun, Cowboys Cheerleaders and more
- Calais Campbell says he was handcuffed, trying to defuse Tyreek Hill detainment
- Current, future North Carolina governor’s challenge of power
- Kathy Bates Announces Plans to Retire After Acting for More Than 50 Years
- Los Angeles Chargers defeat Las Vegas Raiders in Jim Harbaugh's coaching debut with team
- JoJo Siwa Is a Literal Furball in Jaw-Dropping New York Fashion Week Look
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- New Hampshire governor helps save man choking on lobster roll at seafood festival contest
Ranking
- Skins Game to make return to Thanksgiving week with a modern look
- '14-year-olds don't need AR-15s': Ga. senator aims at gun lobby as churches mourn
- US investigating reports that some Jeep SUVs and pickups can catch fire after engines are turned off
- 2024 Halloween costume ideas: Beetlejuice, Raygun, Cowboys Cheerleaders and more
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Trump signals support for reclassifying pot as a less dangerous drug, in line with Harris’ position
- 'Hillbilly Elegy' director Ron Howard 'concerned' by Trump and Vance campaign rhetoric
- Fake Heiress Anna Delvey Slams Whoopi Goldberg Over Dancing With the Stars Criticism
Recommendation
Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
Futures start week on upbeat note as soft landing optimism lingers
Polaris Dawn: SpaceX targets new launch date for daring crewed mission
'Devastated': Communities mourn death of Air Force cadet, 19; investigation launched
'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
NFL Week 2 injury report: Puka Nacua, Jordan Love top the list after Week 1
Roblox set to launch paid videogames on its virtual platform
MLB power rankings: Braves and Mets to sprint for playoff lives in NL wild card race