Current:Home > reviewsHow venture capital built Silicon Valley -FutureProof Finance
How venture capital built Silicon Valley
View
Date:2025-04-12 14:16:28
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! (1599)
Related
- Why members of two of EPA's influential science advisory committees were let go
- How Many Polar Bears Will Be Left in 2100? If Temperatures Keep Rising, Probably Not a Lot
- Californians Are Keeping Dirty Energy Off the Grid via Text Message
- States Are Using Social Cost of Carbon in Energy Decisions, Despite Trump’s Opposition
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Judge signals Trump hush money case likely to stay in state court
- Why Jury Duty's Ronald Gladden Could Be Returning to Your Television Screen
- How Al Pacino’s Pregnant Girlfriend Noor Alfallah Is Relaxing During 3rd Trimester
- Trump invites nearly all federal workers to quit now, get paid through September
- Is a Conservative Climate Movement Heating Up?
Ranking
- 2025 'Doomsday Clock': This is how close we are to self
- Some Fourth of July celebrations are easier to afford in 2023 — here's where inflation is easing
- This Flattering Amazon Swimsuit Coverup With 3,300+ 5-Star Reviews Will Be Your Go-to All Summer Long
- Michigan man accused of planning synagogue attack indicted by grand jury
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- The 26 Best Deals From the Nordstrom Half Yearly Sale: 60% Off Coach, Good American, SKIMS, and More
- World People’s Summit Calls for a Climate Justice Tribunal
- Is Trump Holding Congestion Pricing in New York City Hostage?
Recommendation
US appeals court rejects Nasdaq’s diversity rules for company boards
Tax Bill Impact: What Happens to Renewable Energy?
Conservationists Go Funny With Online Videos
Taylor Swift Kicks Off Pride Month With Onstage Tribute to Her Fans
North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
CDC recommends first RSV vaccines for some seniors
Is a Conservative Climate Movement Heating Up?
U.S. House Hacks Away at Renewable Energy, Efficiency Programs