Current:Home > InvestHow venture capital built Silicon Valley -GrowthSphere Strategies
How venture capital built Silicon Valley
View
Date:2025-04-14 16:58:17
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! (57892)
Related
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Here’s Everything You Need To Build Your Dream Spring Capsule Wardrobe, According to a Shopping Editor
- Mother of Justin Combs shares footage of raid at Diddy's home, denounces militarized force
- Lizelle Gonzalez is suing the Texas prosecutors who charged her criminally after abortion
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Black Residents Want This Company Gone, but Will Alabama’s Environmental Agency Grant It a New Permit?
- Kirsten Dunst Shares Rare Insight Into Family Life With Jesse Plemons and Their 2 Kids
- Makeup You Can Sleep in That Actually Improves Your Skin? Yes, That’s a Thing and It’s 45% Off
- Louvre will undergo expansion and restoration project, Macron says
- A former Houston police officer is indicted again on murder counts in a fatal 2019 drug raid
Ranking
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Beyoncé sends flowers to White Stripes' Jack White for inspiring her on 'Cowboy Carter'
- Botswana threatens to send 20,000 elephants to roam free in Germany in public dispute over trophy hunting
- Suits’ Wendell Pierce Shares This Advice for the Cast of Upcoming Spinoff
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- What to know about the latest bird flu outbreak in the US
- Meghan McCain slams off-Broadway stage play about late dad John McCain: 'This is trash'
- Tish Cyrus' Husband Dominic Purcell Shares Message About Nonsense Amid Rumored Drama
Recommendation
Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
Suits’ Wendell Pierce Shares This Advice for the Cast of Upcoming Spinoff
Love Is Blind Star Chelsea Blackwell Shares Her Weight-Loss Journey
The teaching of Hmong and Asian American histories to be required in Wisconsin under a new law
Pressure on a veteran and senator shows what’s next for those who oppose Trump
Police say man dies after tire comes off SUV and hits his car
Rangers-Devils game starts with wild line brawl, eight ejections and a Matt Rempe fight
'9-1-1' stars Angela Bassett, Jennifer Love Hewitt can't believe the 'crazy' 100th episode