Current:Home > FinanceHow venture capital built Silicon Valley -ProfitSphere Academy
How venture capital built Silicon Valley
View
Date:2025-04-15 12:06:45
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! (15716)
Related
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- 3 men found not guilty in Michigan Gov. Whitmer kidnapping plot. Who are they?
- How the UAW strike could have ripple effects across the economy
- Michigan basketball coach Juwan Howard has heart surgery, Phil Martelli is interim coach
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Matthew McConaughey says new children's book started as a 'Bob Dylan ditty' in dream
- Video appears to show Rep. Lauren Boebert vaping at ‘Beetlejuice’ show before she was ejected
- 2023 Maui Invitational will be moved to Honolulu, keeping tournament in Hawaii
- Highlights from Trump’s interview with Time magazine
- Hurricane Lee livestreams: Watch live webcams on Cape Cod as storm approaches New England
Ranking
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Jury finds officer not liable in civil trial over shooting death
- Hep C is treatable, but still claiming lives. Can Biden's 5-year plan eliminate it?
- NASCAR Bristol playoff race 2023: Start time, TV, streaming, lineup for Bass Pro Shops Night Race
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- GM CEO Mary Barra defends position amid UAW strike, says company put 4 offers on the table
- The teen mental health crisis is now urgent: Dr. Lisa Damour on 5 Things podcast
- Hep C is treatable, but still claiming lives. Can Biden's 5-year plan eliminate it?
Recommendation
South Korean president's party divided over defiant martial law speech
In wildfire-decimated Lahaina, residents and business owners to start getting looks at their properties
U.N. says most Libya flooding deaths could have been avoided, as officials warn the toll could still soar
Here's the top country for retirement. Hint: it's not the U.S.
The company planning a successor to Concorde makes its first supersonic test
In victory for Trump, Florida GOP won’t require signing loyalty oath to run in presidential primary
What if public transit was like Uber? A small city ended its bus service to find out
Climate change could bring more storms like Hurricane Lee to New England