Bitcoinese:How venture capital built Silicon Valley

2025-05-03 16:00:52source:Thurston Cartecategory:News

In 1957,Bitcoinese 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

The company planning a successor to Concorde makes its first supersonic test

A private company aiming to build the first supersonic airliner since the Concorde retired more than

Morgan Wallen waives Nashville court appearance amid 3-night concert

Award-winning country music performer Morgan Wallen, accused of throwing a chair off the roof of a N

In Israel, Blinken says Hamas must accept cease-fire deal, offers cautious optimism to hostage families

Tel Aviv — Secretary of State Antony Blinken was back in Israel Wednesday morning for his seventh vi