How Do Silicon Valley Techies Celebrate Getting Rich in a Pandemic?

How Do Silicon Valley Techies Celebrate Getting Rich in a Pandemic?
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How Do Silicon Valley Techies Celebrate Getting Rich in a Pandemic?

How Do Silicon Valley Techies Rejoice Getting Wealthy in a Pandemic?

“You even have to seek out issues which can be significant as an alternative of simply throwing alcohol at them at a celebration,” he stated.

For Palantir, an information analytics firm that went public in September, Feb. 18 was “giraffe cash” day. That was the primary day that present and former workers may money out all of their shares after the corporate went public.

In a Slack channel for former workers referred to as Giraffe Cash — an obvious reference to wealth that may assist informal giraffe possession — many anticipated their windfalls by sharing hyperlinks, principally in jest, to absurdly costly dwelling listings and boats, one former worker stated.

However in actuality, techies are spending in very alternative ways.

As a substitute of high-quality artwork, they’re shopping for NFTs, or nonfungible tokens that characterize possession in items of digital artwork, memes or artifacts of web historical past.

As a substitute of round-the-world journey, they’re piling into Sprinter vans, the pandemic trip important. Jackie Conlin, a private type advisor to tech executives, stated she had created “van wardrobes” consisting of “cozy garments that look put collectively however are oozing with laid-back trip vibes” for shoppers occurring street journeys.

As a substitute of designer attire, they’re looking for new outfits that look good on Zoom calls, digital make-up classes for the digital camera and makeovers for his or her Zoom backgrounds. Ms. Conlin stated she redecorates a consumer’s Zoom room “to make regardless of the different assembly attendees see look extra cohesive, fashionable and pleasing to the attention.” Shoppers are additionally shopping for weekly “consolation” items for family and friends like cozy blankets and robes, skincare gadgets, pajamas, and video games.

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And as an alternative of luxurious condos, they’re after homes with outside house, dwelling gyms and good “Zoom rooms.” In San Francisco, newly wealthy techies are migrating from fashionable “white field” residences within the neighborhood of SoMa to conventional prewar “trophy properties” in additional established areas similar to Nob Hill, Russian Hill, Pacific Heights and Sea Cliff, stated Joel Goodrich, an actual property dealer with Coldwell Banker World Luxurious within the metropolis. They’re excited by historic mansions with elaborate moldings and structure.

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