TitanX Exchange|How venture capital built Silicon Valley

2025-05-01 05:39:22source:Winimark Wealth Societycategory:Scams

In 1957,TitanX 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:Scams

Recommend

Current, future North Carolina governor’s challenge of power

RALEIGH, N.C. (AP) — North Carolina Gov. Roy Cooper and Gov.-elect Josh Steinon Thursday challenged

Driver sentenced to 25 years in deaths during New Jersey pop-up car rally

CAPE MAY COURT HOUSE, N.J. (AP) — A driver charged in separate crashes that killed two people during

Driver sentenced to 25 years in deaths during New Jersey pop-up car rally

CAPE MAY COURT HOUSE, N.J. (AP) — A driver charged in separate crashes that killed two people during