Current:Home > MarketsHow venture capital built Silicon Valley -BrightFuture Investments
How venture capital built Silicon Valley
View
Date:2025-04-19 04:38:58
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! (37)
Related
- The White House is cracking down on overdraft fees
- What is compassion fatigue? Experts say taking care of others can hurt your mental health.
- Powerball winning numbers for August 12 drawing: Lucky player wins in Pennsylvania
- Drone video captures aftermath of home explosion that left 2 dead in Bel Air, Maryland
- See you latte: Starbucks plans to cut 30% of its menu
- 3 killed when a train strikes a van crossing tracks in Virginia
- Chicago-area school worker who stole chicken wings during pandemic gets 9 years: Reports
- Massachusetts fugitive wanted for 1989 rapes arrested after 90-minute chase through LA
- Meta donates $1 million to Trump’s inauguration fund
- CAS won't reconsider ruling that effectively stripped Jordan Chiles of bronze medal
Ranking
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Fans go off on Grayson Allen's NBA 2K25 rating
- A jury says a Louisiana regulator is not liable for retirees’ $400 million in Stanford Ponzi losses
- PHOTO COLLECTION: AP Top Photos of the Day Monday August 12, 2024
- A South Texas lawmaker’s 15
- A Full Breakdown of Jordan Chiles and Ana Barbosu's Olympic Controversy That Caused the World to Flip
- PHOTO COLLECTION: AP Top Photos of the Day Monday August 12, 2024
- Illinois sheriff to retire amid criticism over the killing of Sonya Massey | The Excerpt
Recommendation
Nearly half of US teens are online ‘constantly,’ Pew report finds
George Santos wants jury pool in his fraud trial questioned over their opinions of him
The Golden Bachelorette: Meet Joan Vassos' Contestants—Including Kelsey Anderson's Dad
British energy giant reports violating toxic pollutant limits at Louisiana wood pellet facilities
Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
Starbucks replaces its CEO, names Chipotle chief to head the company
Maryland extends the contract of athletic director Damon Evans through June 2029
'QUEEEEEN': Raygun of Olympics breakdancing fame spotted busting moves, gains fan in Adele
Like
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- New York’s Green Amendment Would Be ‘Toothless’ if a Lawsuit Is Tossed Against the Seneca Meadows Landfill for Allegedly Emitting Noxious Odors
- California Gov. Gavin Newsom nudges school districts to restrict student cellphone use