Current:Home > InvestHow venture capital built Silicon Valley -Wealthify
How venture capital built Silicon Valley
View
Date:2025-04-17 23:18:17
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! (1578)
Related
- South Korean president's party divided over defiant martial law speech
- The Daily Money: No diploma? No problem.
- Federal judge decries discrimination against conservative group that publishes voters’ information
- Iowa Lt. Gov. Adam Gregg resigns ‘to pursue a career opportunity,’ governor says
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Oilers' Leon Draisaitl becomes highest-paid NHL player with $112 million deal
- 'Beetlejuice Beetlejuice' review: Michael Keaton's moldy ghost lacks the same bite
- USC winning the Big Ten, Notre Dame in playoff lead Week 1 college football overreactions
- Intellectuals vs. The Internet
- Taylor Fritz reaches US Open semifinal with win against Alexander Zverev
Ranking
- Former Syrian official arrested in California who oversaw prison charged with torture
- A decomposing body was found in a nursing home closet
- Jesse Metcalfe Reveals Status of John Tucker Must Die Friendships Ahead of Sequel
- Israelis protest as Netanyahu pushes back over Gaza hostage deal pressure | The Excerpt
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- The cost of a Costco membership has officially increased for first time since 2017
- Election 2024 Latest: Trump and Harris zero in on economic policy plans ahead of first debate
- The Daily Money: No diploma? No problem.
Recommendation
What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
Naomi Campbell Shades “Other Lady” Anna Wintour in Award Speech
LL COOL J’s First Album in 11 Years Is Here — Get a Signed Copy and Feel the Beat of The Force
Illinois law banning concealed carry on public transit is unconstitutional, judge rules
Highlights from Trump’s interview with Time magazine
The cost of a Costco membership has officially increased for first time since 2017
Donald Trump's campaign prohibited from using Isaac Hayes song after lawsuit threat
Oilers' Leon Draisaitl becomes highest-paid NHL player with $112 million deal