Current:Home > ScamsHow venture capital built Silicon Valley -Keystone Capital Education
How venture capital built Silicon Valley
View
Date:2025-04-15 00:28:09
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! (761)
Related
- Small twin
- Gen Z is 'doom spending' its way through the holidays. What does that mean?
- ParkMobile $32.8 million settlement: How to join class
- 'September 5' depicts shocking day when terrorism arrived at the Olympics
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Gen Z is 'doom spending' its way through the holidays. What does that mean?
- Secretary of State Blinken is returning to the Mideast in his latest diplomatic foray
- Mega Millions winning numbers for Tuesday, Dec. 10 drawing: $619 million lottery jackpot
- Bodycam footage shows high
- Kylie Kelce's podcast 'Not Gonna Lie' tops Apple, Spotify less than a week after release
Ranking
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Chiquis comes from Latin pop royalty. How the regional Mexican star found her own crown
- A Malibu wildfire prompts evacuation orders and warnings for 20,000, including Dick Van Dyke, Cher
- Netizens raise privacy concerns over Acra's Bizfile search function revealing citizens' IC numbers
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Sabrina Carpenter reveals her own hits made it on her personal Spotify Wrapped list
- Fewer U.S. grandparents are taking care of grandchildren, according to new data
- Beyoncé will perform halftime during NFL Christmas Day Game: Here's what to know
Recommendation
Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
Beyoncé takes home first award in country music category at 2024 Billboard Music Awards
Netizens raise privacy concerns over Acra's Bizfile search function revealing citizens' IC numbers
Atmospheric river and potential bomb cyclone bring chaotic winter weather to East Coast
Buckingham Palace staff under investigation for 'bar brawl'
Drew Barrymore Addresses Criticism Over Her Touchiness With Talk Show Guests
'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
When does 'No Good Deed' come out? How to watch Ray Romano, Lisa Kudrow's new dark comedy