Current:Home > ContactHow venture capital built Silicon Valley -Zenith Profit Hub
How venture capital built Silicon Valley
View
Date:2025-04-14 09:30:43
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! (62)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- RHOSLC's Jen Shah Gets Prison Sentence Reduced in Fraud Case
- Are you prepared or panicked for retirement? Your age may hold the key. | The Excerpt
- Horoscopes Today, October 10, 2024
- A South Texas lawmaker’s 15
- Kanye West Sued by Ex-Employee Who Says He Was Ordered to Investigate Kardashian Family
- WNBA Finals will go to best-of-seven series next year, commissioner says
- Reba McEntire's got a friend in Carole King: Duo teamed on 'Happy's Place' theme song
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Tech CEO Justin Bingham Dead at 40 After 200-Ft. Fall at National Park in Utah
Ranking
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- Does Apple's 'Submerged,' the first short film made for Vision Pro headset, sink or swim?
- SpongeBob Actor Tom Kenny Jokes He’s in a Throuple With Ariana Grande and Ethan Slater
- Lurking in Hurricane Milton's floodwaters: debris, bacteria and gators
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Get Over to Athleta's Online Warehouse Sale for Chic Activewear up to 70% off, Finds Start at $12
- Yes, French President Emmanuel Macron and the Mayor of Rome Are Fighting Over Emily in Paris
- Bachelor Nation's Joey Graziadei Shares How Fiancée Kelsey Anderson Keeps Him Grounded During DWTS
Recommendation
See you latte: Starbucks plans to cut 30% of its menu
A federal judge rejects a call to reopen voter registration in Georgia after Hurricane Helene
Reba McEntire's got a friend in Carole King: Duo teamed on 'Happy's Place' theme song
What happened between Stephen and Monica on 'Love is Blind'? And what is a sleep test?
Questlove charts 50 years of SNL musical hits (and misses)
Photos capture Milton's damage to Tropicana Field, home of Tampa Bay Rays: See the aftermath
Bestselling author Brendan DuBois indicted for possession of child sexual abuse materials
Pharrell says being turned into a Lego for biopic 'Piece by Piece' was 'therapeutic'