Current:Home > ContactHow venture capital built Silicon Valley -Wealth Evolution Experts
How venture capital built Silicon Valley
View
Date:2025-04-27 21:05:06
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! (15)
Related
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Microsoft lets cloud users keep personal data within Europe to ease privacy fears
- Tired of waiting for the delayed Emmys? Our TV critic presents The Deggy Awards
- Tons of trash clogs a river in Bosnia. It’s a seasonal problem that activists want an end to
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Greek prime minister says legislation allowing same-sex marriage will be presented soon
- UN concerned over Taliban arrests of Afghan women and girls for alleged Islamic headscarf violations
- US adults across racial groups agree the economy is a top priority, AP-NORC and AAPI Data polls show
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Nick Saban's time at Alabama wasn't supposed to last. Instead his legacy is what will last.
Ranking
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Ukraine’s president in Estonia on swing through Russia’s Baltic neighbors
- Who will replace Nick Saban? Five candidates Alabama should consider
- US pastors struggle with post-pandemic burnout. Survey shows half considered quitting since 2020
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Alabama prisoners' bodies returned to families with hearts, other organs missing, lawsuit claims
- Live updates | UN top court hears genocide allegation as Israel focuses fighting in central Gaza
- Deion Sanders thinks college football changed so much it 'chased the GOAT' Nick Saban away
Recommendation
Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
Why Golden Bachelor's Leslie Was Uncomfortable During Gerry and Theresa's Wedding
What if I owe taxes but I'm unemployed? Tips for filers who recently lost a job
Google should pay a multibillion fine in antitrust shopping case, an EU court adviser says
The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
Ukraine’s president in Estonia on swing through Russia’s Baltic neighbors
After 2 nominations, Angela Bassett wins an honorary Oscar
Manifest Everything You Want for 2024 With These Tips From Camille Kostek