Current:Home > FinanceHow venture capital built Silicon Valley -Wealth Empowerment Zone
How venture capital built Silicon Valley
View
Date:2025-04-18 23:54:07
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! (779)
Related
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- South Carolina Poised to Transform Former Coal-Fired Plant Into a Gas Utility as Public Service Commission Approves Conversion
- See Millie Bobby Brown in Jon Bon Jovi’s New Family Photo With Fiancé Jake
- NPR puzzlemaster Will Shortz says he is recovering from a stroke
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Iowa Democrats were forced to toss the caucus. They’ll quietly pick a 2024 nominee by mail instead
- Horoscopes Today, March 2, 2024
- The Trump trials: A former president faces justice
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- North Carolina is among GOP states to change its voting rules. The primary will be a test
Ranking
- Intellectuals vs. The Internet
- Georgia teen critically injured after police trade gunfire with a group near Six Flags
- Organization & Storage Solutions That Are So Much Better Than Shoving Everything In Your Entryway Closet
- Michelle Troconis found guilty of conspiring to murder Jennifer Dulos, her bf's ex-wife
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Women report sexual harassment at glitzy legal tech events in a #MeToo moment
- Federal officials will investigate Oklahoma school following nonbinary teenager’s death
- Transgender Afghans escape Taliban persecution only to find a worse situation as refugees in Pakistan
Recommendation
Tom Holland's New Venture Revealed
For people in Gaza, the war with Israel has made a simple phone call anything but
Collision of 2 firetrucks heading to burning house injures 6 firefighters, police chief says
Millions of Americans are family caregivers. A nationwide support group aims to help them
South Korean president's party divided over defiant martial law speech
Masked shooters kill 4 people and injure 3 at an outdoor party in California, police say
Millions of Americans are family caregivers. A nationwide support group aims to help them
Trump wins Missouri, Michigan and Idaho caucuses, CBS News projects