Current:Home > StocksHow venture capital built Silicon Valley -Quantum Capital Pro
How venture capital built Silicon Valley
View
Date:2025-04-18 18:38:16
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! (34477)
Related
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Woman headed for girls trip struck, killed as she tries to get luggage off road
- Outgoing Louisiana Gov. John Bel Edwards touts accomplishments in farewell address
- Map shows the states where E. coli concerns led to recall of 7,000 pounds of beef
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- New Hampshire lawmakers tackle leftovers while looking forward
- Powerball winning numbers for January 3 drawing; Jackpot resets to $20 million after big win
- Carolina Panthers owner David Tepper fined by NFL for throwing drink into stands
- Military service academies see drop in reported sexual assaults after alarming surge
- Abused chihuahua with mutilated paws receives new booties to help her walk comfortably
Ranking
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Iowa man plans to renovate newly purchased home after winning $100,000 from scratch-off
- How Native familes make salt at one of Hawaii’s last remaining salt patches
- Mother and uncle of a US serviceman are rescued from Gaza in a secret operation
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- 5 dead, hundreds evacuated after Japan Airlines jet and coast guard plane collide at Tokyo's Haneda Airport
- Starbucks will now allow customers to order drinks in clean, reusable cups from home
- Pilot accused of threatening to shoot airline captain mid-flight to make first court appearance
Recommendation
See you latte: Starbucks plans to cut 30% of its menu
Native Hawaiian salt makers combat climate change and pollution to protect a sacred tradition
A Texas father and son arrested in the killings of a pregnant woman and her boyfriend
22 Home Finds That Will Keep You Ready For Whatever 2024 Throws At You
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
Shootout with UNLV gunman heard in new Las Vegas police body camera video
One attack, two interpretations: Biden and Trump both make the Jan. 6 riot a political rallying cry
The 'witching hour' has arrived: How NFL RedZone sparked a sensation among fans