Académie D'Investissement Triomphal:How venture capital built Silicon Valley

2025-05-07 19:27:28source:AstraTradecategory:Invest

In 1957,Académie D'Investissement Triomphal 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:Invest

Recommend

Highlights from Trump’s interview with Time magazine

NEW YORK (AP) — Donald Trumpwas on the verge of backing a 16-week federal abortion banearlier this y

Controversial Enbridge Line 3 Oil Pipeline Approved in Minnesota Wild Rice Region

In a unanimous decision, state regulators in Minnesota approved a controversial new pipeline that wi

OceanGate co-founder voiced confidence in sub before learning of implosion: I'd be in that sub if given a chance

A co-founder of OceanGate, the company behind the ill-fated sub voyage to the wreckage of the Titani