Current:Home > BackHow venture capital built Silicon Valley-Angel Dreamer Wealth Society D1 Reviews & Insights
How venture capital built Silicon Valley
View Date:2025-01-11 10:39:59
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! (1)
Related
- Why Jersey Shore's Jenni JWoww Farley May Not Marry Her Fiancé Zack Clayton
- Ranked choice voting bill moves to hearing in front of Wisconsin Senate elections committee
- Kenya power outage sees official call for investigation into possible acts of sabotage and coverup
- Georgia election worker says she feared for her life over fraud lies in Giuliani defamation case
- Judge hears case over Montana rule blocking trans residents from changing sex on birth certificate
- Bernie Madoff victims to get additional $158 million in restitution
- Singer Zahara, South Africa’s Afro-soul sensation and beloved ‘Country Girl,’ dies aged 36
- One year after death, Mike Leach remembered as coach who loved Mississippi State back
- California Gov. Gavin Newsom will spend part of week in DC as he tries to Trump-proof state policies
- Column: Rahm goes back on his word. But circumstances changed
Ranking
- Chiefs block last-second field goal to save unbeaten record, beat Broncos
- US announces new sanctions on Russia’s weapons suppliers as Zelenskyy visits Washington
- George Santos attorney expresses optimism about plea talks as expelled congressman appears in court
- Katie Lee Biegel's Gift Guide Will Help You & Loved Ones Savor The Holiday Season
- Former Disney Star Skai Jackson Is Pregnant, Expecting First Baby With Her Boyfriend
- Rights group says security services in Belarus raid apartments and detain election observers
- 5 big promises made at annual UN climate talks and what has happened since
- After UPenn president's resignation, Wesleyan University president says leaders should speak out against hate
Recommendation
-
'This dude is cool': 'Cross' star Aldis Hodge brings realism to literary detective
-
These 4 couponing apps could help keep consumers' wallets padded this holiday shopping season
-
'The Iron Claw' review: Zac Efron is ripped and terrific in the wrestling true story
-
Maryland judiciary seeks applications to replace slain judge
-
Secret Service Agent Allegedly Took Ex to Barack Obama’s Beach House
-
Sydney Sweeney and Glen Powell Reveal What It Was Really Like Filming Steamy Shower Scene
-
A Jordanian soldier is killed in a clash with drug smugglers along the border with Syria
-
German prosecutors indict 27 people in connection with an alleged far-right coup plot