Current:Home > StocksHow venture capital built Silicon Valley-LoTradeCoin
How venture capital built Silicon Valley
View Date:2025-01-09 17:19:47
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! (5)
Related
- Inspector general finds no fault in Park Police shooting of Virginia man in 2017
- UBS to buy troubled Credit Suisse in deal brokered by Swiss government
- A Controversial Ruling Puts Maryland’s Utility Companies In Charge Of Billions in Federal Funds
- Locals look for silver linings as Amazon hits pause on its new HQ
- Tennessee suspect in dozens of rapes is convicted of producing images of child sex abuse
- Big Oil’s Top Executives Strike a Common Theme in Testimony on Capitol Hill: It Never Happened
- Derek Chauvin to ask U.S. Supreme Court to review his conviction in murder of George Floyd
- Pink Absolutely Stunned After Fan Throws Mom's Ashes At Her During Performance
- 'Bizarre:' Naked man arrested after found in crawl space of California woman's home
- It takes a few dollars and 8 minutes to create a deepfake. And that's only the start
Ranking
- Ben Foster Files for Divorce From Laura Prepon After 6 Years of Marriage
- Recent Megafire Smoke Columns Have Reached the Stratosphere, Threatening Earth’s Ozone Shield
- Still trying to quit that gym membership? The FTC is proposing a rule that could help
- No Hard Feelings Team Responds to Controversy Over Premise of Jennifer Lawrence Movie
- NBC's hospital sitcom 'St. Denis Medical' might heal you with laughter: Review
- Why car prices are still so high — and why they are unlikely to fall anytime soon
- From searing heat's climbing death toll to storms' raging floodwaters, extreme summer weather not letting up
- Northwestern athletics accused of fostering a toxic culture amid hazing scandal
Recommendation
-
Republican Dan Newhouse wins reelection to US House in Washington
-
The Fed raises interest rates again despite the stress hitting the banking system
-
Sarah Jessica Parker Reveals Why Carrie Bradshaw Doesn't Get Manicures
-
Got a question for Twitter's press team? The answer will be a poop emoji
-
What does the top five look like and other questions facing the College Football Playoff committee
-
Alabama woman confesses to fabricating kidnapping
-
GM will stop making the Chevy Camaro, but a successor may be in the works
-
Man dies in Death Valley as temperatures hit 121 degrees