Current:Home > NewsHow venture capital built Silicon Valley -Apex Capital Strategies
How venture capital built Silicon Valley
View
Date:2025-04-19 07:34:37
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! (5959)
Related
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Only Kim Kardashian Could Make Wearing a Graphic Tee and Mom Jeans Look Glam
- Nobel Prize in Chemistry Honors 3 Who Enabled a ‘Fossil Fuel-Free World’ — with an Exxon Twist
- A crash course in organ transplants helps Ukraine's cash-strapped healthcare system
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Carrying out executions took a secret toll on workers — then changed their politics
- More older Americans become homeless as inflation rises and housing costs spike
- As Amazon Fires Burn, Pope Convenes Meeting on the Rainforests and Moral Obligation to Protect Them
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Feds Pour Millions into Innovative Energy Storage Projects in New York
Ranking
- The Grammy nominee you need to hear: Esperanza Spalding
- Oil and Gas Quakes Have Long Been Shaking Texas, New Research Finds
- Less than a quarter of U.S. homes are affordable for the typical buyer, study shows
- Push to Burn Wood for Fuel Threatens Climate Goals, Scientists Warn
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Teen Activists Worldwide Prepare to Strike for Climate, Led by Greta Thunberg
- Kate Spade 24-Hour Flash Deal: Get This $250 Crossbody Bag for Just $59
- Antarctica Ice Loss Tripled in 5 Years, and That’s Raising Sea Level Risks
Recommendation
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
CVS and Walgreens announce opioid settlements totaling $10 billion
The Fate of Vanderpump Rules and More Bravo Series Revealed
Sia Marries Dan Bernard During Intimate Italian Ceremony: See the Wedding Photos
Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
Statins vs. supplements: New study finds one is 'vastly superior' to cut cholesterol
Walmart offers to pay $3.1 billion to settle opioid lawsuits
Are Democrats Fumbling Away a Potent Clean Energy Offense?