TradeEdge-How venture capital built Silicon Valley

2025-05-06 13:33:16source:Navivision Wealth Societycategory:Stocks

In 1957,TradeEdge 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:Stocks

Recommend

Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback

A federal appeals court blocked Nasdaq rules to increase boardroom diversity, saying that the Securi

Mike Tyson 'doing great' after medical scare on flight

Mike Tyson, less than two months away from his first officially sanctioned fight since 2005, suffere

Reports: Former Kentucky guard D.J. Wagner following John Calipari to Arkansas

John Calipari and Arkansas basketball added another player through the transfer portal over the Memo