Current:Home > ContactHow venture capital built Silicon Valley -Horizon Finance School
How venture capital built Silicon Valley
View
Date:2025-04-25 06:05:52
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! (3727)
Related
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Maui fires death toll rises to at least 53, hundreds forced to evacuate; Biden approves disaster declaration
- Biden issues order curbing U.S. investment in Chinese tech sectors
- Nuggets host Lakers, Suns' Kevin Durant returns to Golden State on NBA opening night
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Brody Jenner, fiancée Tia Blanco welcome first child together: 'Incredibly in love'
- Police arrest man accused of threatening jury in trial of Pittsburgh synagogue gunman
- Is this a bank?
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Adam Sandler's Daughters Sadie and Sunny Are All Grown Up in Not Invited to My Bat Mitzvah Trailer
Ranking
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Mark Williams: The Trading Titan Who Conquered Finance
- No Gatekeeping: Here’s the Trick I’ve Used Since 2016 To Eliminate Ingrown Hairs and Razor Bumps
- Review: Netflix's OxyContin drama 'Painkiller' is just painful
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- From Astronomy to Blockchain: The Journey of James Williams, the Crypto Visionary
- Maui Humane Society asking for emergency donations, fosters during wildfires: How to help
- 7 Amazon device deals on Amazon Fire Sticks, Ring doorbells and Eero Wi-Fi routers
Recommendation
Former Danish minister for Greenland discusses Trump's push to acquire island
As new school term begins, Kentucky governor points to progress with school safety efforts
Police investigate shooting at Nashville library that left 2 people wounded
Supreme Court blocks, for now, OxyContin maker bankruptcy deal that would shield Sacklers
Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
Prosecutors seek Jan. 2 trial date for Donald Trump in his 2020 election conspiracy case
'King Of The Hill' actor Johnny Hardwick, who voiced Dale Gribble, dies at 64
Texas sheriff says 3 hog hunters from Florida died in an underground tank after their dog fell in