Current:Home > InvestHow venture capital built Silicon Valley -Wealthify
How venture capital built Silicon Valley
View
Date:2025-04-18 07:35:29
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
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- In victory for Trump, Florida GOP won’t require signing loyalty oath to run in presidential primary
- World Cup champion Spain willing to sacrifice their own glory to end sexism, abuse
- Maryland’s schools superintendent withdraws his request to extend his contract
- Current, future North Carolina governor’s challenge of power
- Railyard explosion in Nebraska isn’t expected to create any lingering problems, authorities say
- Jury clears 3 men in the last trial tied to the plot to kidnap Michigan Gov. Gretchen Whitmer
- Uncertain and afraid: Florida’s immigrants grapple with a disrupted reality under new law
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Women’s World Cup winners maintain boycott of Spain’s national team. Coach delays picking her squad
Ranking
- Trump wants to turn the clock on daylight saving time
- Hawaii officials say DNA tests drop Maui fire death count to 97
- Deadly floatplane crash rushes bystanders into action
- Deliberations in Texas Attorney General Ken Paxton’s impeachment trial head into a second day
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Biden set for busy week of foreign policy, including talks with Brazil, Israel and Ukraine leaders
- National Hispanic Heritage Month highlights cultural diversity of Spanish-speaking Americans
- Jets' Aaron Rodgers Shares Update After Undergoing Surgery for Torn Achilles
Recommendation
Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
London police arrest 25-year-old who allegedly climbed over and entered stables at Buckingham Palace
The Taliban have detained 18 staff, including a foreigner, from an Afghanistan-based NGO, it says
California dolphins were swimming in magical waves with a beautiful blue glow. Here's what caused it.
As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
Louisiana island town to repeal ordinance, let driver fly vulgar anti-Biden flag
Man gets 15 years to life for killing commuter he shoved into moving train in unprovoked attack
Sofía Vergara Undergoes Dramatic Transformation for First TV Role Since Joe Manganiello Divorce