verdicoin|How venture capital built Silicon Valley

2025-05-06 20:00:47source:Evander Elliscategory:Scams

In 1957,verdicoin 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

Kentucky governor unveils paid leave plan for state workers with a new child or serious illness

FRANKFORT, Ky. (AP) — Kentucky plans to provide state employees with paid time off so they can bond

Finland to reopen 2 out of 8 border crossings with Russia after a 2-week closure over migrant influx

HELSINKI (AP) — Finland’s government will reopen two out of eight border crossing points with Russia

Alexey Navalny, Russia's jailed opposition leader, has gone missing, according to his supporters

Allies say Russian opposition leader Alexey Navalny is no longer in the penal colony in which he had