Current:Home > StocksHow venture capital built Silicon Valley -TrueNorth Finance Path
How venture capital built Silicon Valley
View
Date:2025-04-14 10:38:43
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! (4168)
Related
- See you latte: Starbucks plans to cut 30% of its menu
- North Carolina Republicans are in a budget standoff because of gambling provisions
- Watch Messi play tonight with Argentina vs. Bolivia: Time, how to stream online
- Watch this tiny helpless chick get rescued from a storm drain and reunited with its mama
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Larry Nassar survivor says Michigan State’s latest mess shows it hasn’t learned from past
- Elderly man, 74, pushed onto NYC subway tracks in unprovoked attack: Police
- Actor Gary Sinise says there's still tremendous need to support veterans who served after 9/11 attacks
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Norway’s conservative opposition wins local elections with nearly 26% of the votes
Ranking
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Former NFL receiver Mike Williams dies at age 36 after more than a week in intensive care
- Elderly man, 74, pushed onto NYC subway tracks in unprovoked attack: Police
- Just because Americans love Google doesn't make it a monopoly. Biden lawsuit goes too far.
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- 8-year-old boy accidentally shot when barrel with guns inside set on fire
- Rescue teams are frustrated that Morocco did not accept more international help after earthquake
- Bebe Rexha to attend MTV Video Music Awards after voicing anxiety, weight scrutiny concerns
Recommendation
Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
NFL power rankings Week 2: Are Jets cooked after Aaron Rodgers' injury?
North Carolina Republicans are in a budget standoff because of gambling provisions
El Chapo's wife set to be released from halfway house following prison sentence
See you latte: Starbucks plans to cut 30% of its menu
2023 WNBA playoffs: First-round scores, schedules, matchups, predictions
Operator Relief Fund seeks to help shadow warriors who fought in wars after 9/11
NASA's James Webb Space Telescope observes planet in a distant galaxy that might support life