Current:Home > ContactEthermac Exchange-How venture capital built Silicon Valley -Aspire Money Growth
Ethermac Exchange-How venture capital built Silicon Valley
SafeX Pro Exchange View
Date:2025-04-08 00:32:47
In 1957,Ethermac Exchange 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! (3165)
Related
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Reba McEntire Deserves to Be a Real Housewife After Epic Reenactment of Meredith Marks' Meltdown
- Titanic artifact recovery mission called off after leader's death in submersible implosion
- A Reality Check About Solar Panel Waste and the Effects on Human Health
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Teen faces adult murder charge in slaying of Michigan election canvasser
- For Indigenous people, solar eclipse often about reverence and tradition, not revelry
- Texas woman accused of killing pro cyclist escaped police custody after doctor's appointment
- Sonya Massey's father decries possible release of former deputy charged with her death
- Sam Bankman-Fried’s lawyer struggles in cross-examination of Caroline Ellison, govt’s key witness
Ranking
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Raoul Peck’s ‘Silver Dollar Road’ chronicles a Black family’s battle to hold onto their land
- No. 1 pick Connor Bedard scores first career goal in slick play vs. Boston Bruins
- Olympics legend Mary Lou Retton continues to fight for her life in ICU, daughter says
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- USADA announces end of UFC partnership as Conor McGregor re-enters testing pool
- The Masked Singer: Why The Pickle Cussed Out the Judges After Unmasking
- After a hard fight to clear militants, Israeli soldiers find a scene of destruction, slain children
Recommendation
Tree trimmer dead after getting caught in wood chipper at Florida town hall
English Football Association to honor the Israeli and Palestinian victims at Wembley Stadium
Chrishell Stause Is Confronted By Jason Oppenheim's Girlfriend in Selling Sunset Season 7 Trailer
Michigan woman wins $6 million from scratch off, becomes final winner of state's largest game
Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
Celebrity chef Michael Chiarello dead at age 61 after mystery allergic reaction
'Hot Ones,' Bobbi Althoff and why we can't look away from awkward celebrity interviews
No. 1 pick Connor Bedard scores first career goal in slick play vs. Boston Bruins