Current:Home > ScamsHow venture capital built Silicon Valley -Blueprint Money Mastery
How venture capital built Silicon Valley
View
Date:2025-04-16 19:13:36
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! (16)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- How can I help those affected by Hurricane Helene? Here are ways you can donate
- Helene leaves 'biblical devastation' as death toll climbs to 90: Updates
- College Football Misery Index: Ole Miss falls flat despite spending big
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Lauren Conrad Shares Rare Update on Husband William Tell and Their 2 Sons
- 6 Things Kathryn Hahn Can't Live Without
- Supplies are rushed to North Carolina communities left isolated after Helene
- What do we know about the mysterious drones reported flying over New Jersey?
- 3 easy mistakes can be deadly after a hurricane: What to know
Ranking
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- When is daylight saving time 2024? What it means to 'fall back' in November
- Squishmallow drops 2024 holiday lineup: See collabs with Stranger Things, Harry Potter
- Appeals stretch 4 decades for a prisoner convicted on little police evidence
- Stamford Road collision sends motorcyclist flying; driver arrested
- Mega Millions winning numbers for September 27 drawing; jackpot at $93 million
- Trump lists his grievances in a Wisconsin speech intended to link Harris to illegal immigration
- 'I will never forgive you for this': Whole Foods' Berry Chantilly cake recipe has changed
Recommendation
What do we know about the mysterious drones reported flying over New Jersey?
A concert and 30 new homes mark Jimmy Carter’s 100th birthday and long legacy of giving
Opinion: Atlanta Falcons have found their identity in nerve-wracking finishes
Dragon spacecraft that will bring home Starliner astronauts launches on Crew-9 mission
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
When is daylight saving time 2024? What it means to 'fall back' in November
In the Fight to Decide the Fate of US Steel, Climate and Public Health Take a Backseat to Politics
MLB playoff field almost set as Mets and Braves will determine two NL wild-card spots