How venture capital built Silicon Valley

2024-12-25 09:40:29 source:lotradecoin referral program benefits category:News

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.

More:News

Recommend

Southern California forecast of cool temps, calm winds to help firefighters battle Malibu blaze

MALIBU, Calif. (AP) — Cooler temperatures, calmer winds and a chance of rainfall in Southern Califor

LA Police Department says YouTube account suspended after posting footage of violent attack

LOS ANGELES (AP) — The Los Angeles Police Department said Saturday its YouTube account was suspended

French Jewish groups set up a hotline for people in the community traumatized by Israel-Hamas war

PARIS (AP) — French Jewish groups have set up a helpline to provide support to people in the communi