Current:Home > MarketsHow venture capital built Silicon Valley -ProsperityEdge
How venture capital built Silicon Valley
View
Date:2025-04-24 06:29:34
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! (948)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Teen Mom's Tyler Baltierra Details Pure Organic Love He Felt During Reunion With Daughter Carly
- Northwestern athletics accused of fostering a toxic culture amid hazing scandal
- Adam Sandler's Daughter Sunny Sandler Is All Grown Up During Rare Red Carpet Appearance
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Las Vegas police seize computers, photographs from home in connection with Tupac's murder
- Trump trial date in classified documents case set for May 20, 2024
- First Republic Bank shares sink to another record low, but stock markets are calmer
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- We grade Fed Chair Jerome Powell
Ranking
- Trump issues order to ban transgender troops from serving openly in the military
- You won the lottery or inherited a fortune. Now what?
- Get a Next-Level Clean and Save 58% On This Water Flosser With 4,200+ 5-Star Amazon Reviews
- Biden asks banking regulators to toughen some rules after recent bank failures
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Thousands of Amazon Shoppers Say This 50% Off Folding Makeup Mirror Is a Must-Have
- Biden’s Bet on Electric Vehicles Is Drawing Opposition from Republicans Who Fear Liberal Overreach
- Inside Clean Energy: Offshore Wind Takes a Big Step Forward, but Remains Short of the Long-Awaited Boom
Recommendation
McConnell absent from Senate on Thursday as he recovers from fall in Capitol
Northwestern athletics accused of fostering a toxic culture amid hazing scandal
Concerns Linger Over a Secretive Texas Company That Owns the Largest Share of the Trans-Alaska Pipeline
Inside Clean Energy: Lawsuit Recalls How Elon Musk Was King of Rooftop Solar and then Lost It
Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
Hyundai and Kia recall 571,000 vehicles due to fire risk, urge owners to park outside
What to know about 4 criminal investigations into former President Donald Trump
Pussycat Dolls’ Nicole Scherzinger Is Engaged to Thom Evans