AQCAN Exchange|How venture capital built Silicon Valley

2025-05-08 08:39:24source:Flipidocategory:Finance

In 1957,AQCAN 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.

More:Finance

Recommend

Intel's stock did something it hasn't done since 2022

The last couple of years have been terrific for semiconductor stocks. Well, most semiconductor stock

Here's Your Desert Music Festival Packing List for Spring Break

We independently selected these products because we love them, and we think you might like them at t

Belarus dictator Lukashenko, a key Putin ally, lauds China's peaceful foreign policy before meeting Xi Jinping

Beijing — Belarusian President Alexander Lukashenko will arrive in Beijing on Tuesday, kicking off a