Databec-How venture capital built Silicon Valley

2025-05-03 16:14:34source:Rubypointcategory:Contact

In 1957,Databec 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:Contact

Recommend

San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo

SAN FRANCISCO (AP) — A photojournalist who captured one of the most enduring images of World War II

Several killed in Palestinian terror attacks in West Bank and Tel Aviv, as Israel strikes Hamas targets in Lebanon and Gaza

Palestinian assailants carried out a pair of attacks on Friday, killing three people and wounding at

U.S. balks as Russian official under international arrest warrant claims Ukrainian kids kidnapped for their safety

United Nations – At an informal meeting boycotted by the U.S. and Britain's ambassadors and labelled