Current:Home > InvestHow venture capital built Silicon Valley-VaTradeCoin
How venture capital built Silicon Valley
View Date:2025-01-08 16:31:12
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! (6131)
Related
- Pete Alonso's best free agent fits: Will Mets bring back Polar Bear?
- Simone Biles Reveals Truth of Calf Injury at 2024 Paris Olympics
- Amazon hiring 250,000 seasonal workers before holiday season: What to know about roles, pay
- US nuclear weapon production sites violated environmental rules, federal judge decides
- US Open finalist Taylor Fritz talks League of Legends, why he hated tennis and how he copied Sampras
- The Country’s Second-Largest Coal Plant May Get a Three-Year Reprieve From Retirement. Why?
- Wreckage of World War II ship that served with the US and Japan found near California
- What Is My Hair Texture? Here’s How You Can Find Out, According to an Expert
- This is Your Sign To Share this Luxury Gift Guide With Your Partner *Hint* *Hint
- TikToker Mr. Prada Charged With Second-Degree Murder After Therapist Was Found Dead
Ranking
- Justice Department sues to block UnitedHealth Group’s $3.3 billion purchase of Amedisys
- SEC, Big Ten moving closer to taking their college football ball home and making billions
- 'Nation has your back,' President Biden says to Hurricane Helene victims | The Excerpt
- Nikki Garcia Gets Restraining Order Against Ex Artem Chigvintsev After Alleged Fight
- Mississippi expects only a small growth in state budget
- Eminem Shares Touching Behind-the-Scenes Look at Daughter Hailie Jade's Wedding
- Nibi the ‘diva’ beaver to stay at rescue center, Massachusetts governor decides
- Welcome to the 'scEras Tour!' Famous New Orleans Skeleton House adopts Taylor Swift theme
Recommendation
-
New 'Yellowstone' is here: Season 5 Part 2 premiere date, time, where to watch
-
SEC, Big Ten moving closer to taking their college football ball home and making billions
-
Lucas Coly, French-American Rapper, Dead at 27
-
McDonald's new Big Mac isn't a burger, it's a Chicken Big Mac. Here's when to get one
-
These Michael Kors’ Designer Handbags Are All Under $150 With an Extra 22% off for Singles’ Day
-
Halle Bailey and DDG Break Up Less Than a Year After Welcoming Baby Boy
-
Watch: Pete Alonso – the 'Polar Bear' – sends Mets to NLDS with ninth-inning home run
-
N.C. Health Officials Issue Guidelines for Thousands of Potentially Flooded Private Wells