Current:Home > MarketsHow venture capital built Silicon Valley -Blueprint Money Mastery
How venture capital built Silicon Valley
View
Date:2025-04-27 21:31:15
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! (7)
Related
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Some crossings on US-Mexico border still shut as cities, agents confront rise in migrant arrivals
- Joe Biden to join picket line with striking auto workers in Michigan
- Google search tips: 20 hidden tricks, tools, games and freebies
- Sam Taylor
- 2 teens held in fatal bicyclist hit-and-run video case appear in adult court in Las Vegas
- Travis Barker’s Son Landon Releases First Song “Friends With Your EX” With Charli D’Amelio Cameo
- Coerced, censored, shut down: How will Supreme Court manage social media's toxic sludge?
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Texas, Oklahoma were to pay a steep price for leaving Big 12 early. That's not how it turned out
Ranking
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- 'At least I can collect my thoughts': Florida man stranded 12 miles out at sea recounts rescue
- This week on Sunday Morning (September 24)
- 'Dangerous' convicted child sex offender who escaped Missouri hospital captured by authorities
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Cyprus calls on the EU to rethink Syrian safe zones for eventually repatriating Syrian migrants
- Former FBI top official pleads guilty to concealing payment from foreign official
- Jury convicts ex-NFL draft prospect of fatally shooting man at Mississippi casino
Recommendation
Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
Kendall Jenner and Bad Bunny Are Giving a Front Row Seat to Their Romance at Milan Fashion Week
A flamethrower and comments about book burning ignite a political firestorm in Missouri
UAW widening strike against GM and Stellantis
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
How The Young and the Restless Honored Late Actor Billy Miller Days After His Death
Fall in Love With Amazon's Best Deals on the Top-Rated Flannels
Energy Department announces $325M for batteries that can store clean electricity longer