Current:Home > NewsHow venture capital built Silicon Valley -Summit Capital Strategies
How venture capital built Silicon Valley
View
Date:2025-04-17 07:08:05
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! (4379)
Related
- Intel's stock did something it hasn't done since 2022
- Julia Louis-Dreyfus calls PC comedy complaints a 'red flag' after Jerry Seinfeld comments
- Maren Morris comes out as bisexual months after divorce filing: 'Happy pride'
- Naomi Watts and Billy Crudup Have Second Wedding in Mexico
- Tom Holland's New Venture Revealed
- Ex-police officer who once shared cell with Jeffrey Epstein gets life in prison for 4 murders
- Naomi Watts and Billy Crudup Have Second Wedding in Mexico
- Kelly Clarkson confirms she won't be joining 'American Idol' after Katy Perry exit: 'I can't'
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Kia, Honda, Toyota, Ford among 687,000 vehicles recalled: Check car recalls here
Ranking
- Federal hiring is about to get the Trump treatment
- Josh Hartnett Shares Rare Glimpse Into Family Life After Return to Hollywood
- Horoscopes Today, June 8, 2024
- Truck falls into Ohio sinkhole, briefly trapping worker
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- YouTuber Myka Stauffer Said Her Child Was Not Returnable Before Rehoming Controversy
- Score 60% Off Banana Republic, 30% Off Peter Thomas Roth, 50% Off CB2 & More of Today's Best Deals
- Hunter Biden's gun case goes to the jury
Recommendation
Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
How a grassroots Lahaina fundraiser found a better way to help fire survivors
YouTuber Myka Stauffer Said Her Child Was Not Returnable Before Rehoming Controversy
Baltimore shipping channel fully reopens after bridge collapse
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
Utah judge sets execution date in 1998 murder despite concerns over a new lethal injection cocktail
New York transit chief says agency must shrink subway improvements following nixed congestion toll
California socialite sentenced to 15 years to life for 2020 hit-and-run deaths of two young brothers