Current:Home > NewsHow venture capital built Silicon Valley -RiskRadar
How venture capital built Silicon Valley
View
Date:2025-04-15 20:11:02
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! (7488)
Related
- $73.5M beach replenishment project starts in January at Jersey Shore
- Miss America 2024 is active-duty Air Force officer, Harvard student: Meet Madison Marsh
- Missed Iowa Caucus 2024 coverage? Watch the biggest moments here
- Emmy Awards 2023: The complete list of winners
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Trump notches a commanding win in the Iowa caucuses as Haley and DeSantis fight for second place
- Miss America 2024 is active-duty Air Force officer, Harvard student: Meet Madison Marsh
- Dominican Republic to launch pilot program offering a 4-day workweek to public and private workers
- DoorDash steps up driver ID checks after traffic safety complaints
- Rebel Wilson Shares Candid Message After Regaining 30 Pounds
Ranking
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- AP VoteCast: Iowa caucusgoers want big changes, see immigration as more important than the economy
- How Pregnant Suki Waterhouse Had Emmys Dress Redesigned to Fit Baby Bump
- These Valentine’s Day Edits From Your Favorite Brands Will Make Your Heart Skip a Beat
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- California’s Oil Country Faces an ‘Existential’ Threat. Kern County Is Betting on the Carbon Removal Industry to Save It.
- With ‘God’s-eye view,’ secretive surveillance flights keep close watch on Russia and Ukraine
- Police arrest 6 pro-Palestine activists over alleged plot to disrupt London Stock Exchange
Recommendation
Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
Ground collision of two Boeing planes in Chicago sparks FAA investigation
Christina Applegate makes rare appearance at the 2024 Emmys amid MS, gets standing ovation
Toledo officers shoot, kill suspect in homicide of woman after pursuit, police say
The Best Stocking Stuffers Under $25
Emmys 2023: Jenna Ortega's Wednesday Season 2 Update Will Send Shivers Down Your Spine
Iraq recalls ambassador, summons Iran’s chargé d’affaires over strikes in Irbil
Horoscopes Today, January 15, 2024