Current:Home > NewsHow venture capital built Silicon Valley -Horizon Finance Path
How venture capital built Silicon Valley
View
Date:2025-04-25 11:28:21
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! (91334)
Related
- Former longtime South Carolina congressman John Spratt dies at 82
- See Ashley Park Return to Emily in Paris Set With Lily Collins After Hospitalization
- Massive oil spill near Trinidad and Tobago blamed on barge being tugged
- Leaking underground propane tank found at Virginia home before deadly house explosion
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- Southern Illinois home of Paul Powell, the ‘Shoebox Scandal’ politician, could soon be sold
- Is hypnosis real? Surprisingly – yes, but here's what you need to understand.
- Fani Willis’ testimony evokes long-standing frustrations for Black women leaders
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- The Daily Money: New to taxes or status changed?
Ranking
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Satellite shows California snow after Pineapple Express, but it didn't replenish snowpack
- Raiders QB Jimmy Garoppolo suspended two games for PED violation, per report
- Fani Willis’ testimony evokes long-standing frustrations for Black women leaders
- Global Warming Set the Stage for Los Angeles Fires
- Kremlin foe Alexei Navalny’s team confirms his death and says his mother is searching for his body
- 'Peanuts' character Franklin, originating amid the Civil Rights Movement, is getting the spotlight
- Alaska woman gets 99 years in best friend's catfished murder-for-hire plot
Recommendation
Buckingham Palace staff under investigation for 'bar brawl'
Saving democracy is central to Biden’s campaign messaging. Will it resonate with swing state voters?
Trump’s legal debts top a half-billion dollars. Will he have to pay?
Jordan Spieth disqualified from Genesis Invitational for signing incorrect scorecard
McConnell absent from Senate on Thursday as he recovers from fall in Capitol
Millions of women are 'under-muscled'. These foods help build strength
Massive oil spill near Trinidad and Tobago blamed on barge being tugged
Dakota Johnson's new 'Madame Web' movie is awful, but her Gucci premiere dress is perfection