Current:Home > ScamsHow venture capital built Silicon Valley -Ascend Finance Compass
How venture capital built Silicon Valley
View
Date:2025-04-19 02:43:19
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! (2)
Related
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- 5 big promises made at annual UN climate talks and what has happened since
- Wrongfully convicted Minnesota man set free after nearly 2 decades in prison
- What does 'sus' mean? Understanding the slang term's origins and usage.
- Nevada attorney general revives 2020 fake electors case
- Common theme in two big Texas murder cases: Escapes from ankle monitors
- Hunter Biden files motion to dismiss indictment on gun charges
- Police and customs seize live animals, horns and ivory in global wildlife trafficking operation
- Travis Hunter, the 2
- Inflation continues to moderate thanks to a big drop in gas prices
Ranking
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Climate activists struggle to be heard at this year's U.N. climate talks
- Maryland judiciary seeks applications to replace slain judge
- Zac Efron shouts out 'High School Musical,' honors Matthew Perry at Walk of Fame ceremony
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Polish far-right lawmaker extinguishes Hanukkah candle in parliament
- Can wasabi help your memory? A new study has linked the sushi condiment to a better brain
- 102 African migrants detained traveling by bus in southern Mexico; 3 smugglers arrested
Recommendation
Travis Hunter, the 2
ManningCast features two 'Monday Night Football' games at once: What went right and wrong
Milestone in recovery from historic Maui wildfire
Inaugural Jazz Music Awards will be broadcast on PBS and PBS Passport with host Dee Dee Bridgewater
Tom Holland's New Venture Revealed
Singer Zahara, South Africa’s Afro-soul sensation and beloved ‘Country Girl,’ dies aged 36
Remembering Ryan O'Neal
Polish far-right lawmaker extinguishes Hanukkah candle in parliament