Christopher Caldwell|How venture capital built Silicon Valley

2025-04-29 20:09:14source:Henri Lumièrecategory:Scams

In 1957,Christopher Caldwell 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:Scams

Recommend

These Australian twins have gone viral after speaking in synch

Do you recall the prime early days of YouTube? When a video making the rounds was so strange, remark

Recreational marijuana sales in Ohio can start Tuesday at nearly 100 locations

COLUMBUS, Ohio (AP) — Recreational marijuana sales will begin across Ohio on Tuesday when the state

2024 Olympics: Italy's Alice D’Amato Wins Gold After Simone Biles, Suni Lee Stumble in Balance Beam Final

Alice D’Amato cried tears of happiness after an unexpected win.The 21-year-old gymnast from Italy be