Current:Home > MyHow venture capital built Silicon Valley -EverVision Finance
How venture capital built Silicon Valley
View
Date:2025-04-15 18:22:45
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! (7915)
Related
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Janet Jackson says she's related to Stevie Wonder, Samuel L. Jackson and Tracy Chapman
- Columbus Crew vs. Inter Miami live updates: Messi still missing for Leagues Cup game today
- Jorō spiders, the mysterious arachnids invading the US, freeze when stressed, study shows
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Barbie x Stanley Collection features 8 quenchers that celebrate the fashion doll
- After a slew of controversies, the SBC turns to a low-key leader to keep things cool
- US safety agency ends probe of Tesla suspension failures without seeking a recall
- Trump issues order to ban transgender troops from serving openly in the military
- One Direction's Liam Payne Praises Girlfriend Kate Cassidy for Being Covered Up for Once
Ranking
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Police fatally shoot teen in Alaska’s largest city, the 4th such killing since mid-May
- Videos of Michael Brown protest show Ferguson, Missouri, officer being 'tackled'
- Indiana attorney general drops suit over privacy of Ohio girl who traveled for abortion
- Former longtime South Carolina congressman John Spratt dies at 82
- Utah dad drowns at state park trying to save son who jumped into water to rescue woman
- Suburban New York county bans masks meant to hide people’s identities
- Alabama Coal Regulators Said They Didn’t Know Who’d Purchased a Mine Linked to a Fatal Home Explosion. It’s a Familiar Face
Recommendation
What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
Kylie Jenner and Timothee Chalamet Prove Sky's the Limit on Their Jet Date
Back-to-school-shopping 2024: See which 17 states offer sales-tax holidays
The Daily Money: Why do consumers feel so dreary?
As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
Officer due in court on murder charges in shooting of pregnant Black woman accused of shoplifting
Not all officer video from Texas school shooting was released, Uvalde police say
Alabama Coal Regulators Said They Didn’t Know Who’d Purchased a Mine Linked to a Fatal Home Explosion. It’s a Familiar Face