Maxwell Caldwell:How venture capital built Silicon Valley

2025-05-06 07:33:23source:Charles Langstoncategory:reviews

In 1957,Maxwell 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:reviews

Recommend

Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages

Meta says most issues have been resolved after apps like Instagram, Facebook and Threads were experi

White shooter kills 3 Black people in Florida hate crime as Washington celebrates King’s dream

WASHINGTON (AP) — A masked white man carrying at least one weapon bearing a swastika fatally shot th

Little League World Series championship game: Time, TV channel, live stream, score, teams

After more than a week of intense competition, the 2023 Little League World Series reaches the champ