Tech

How do Silicon Valley techs celebrate getting rich in the event of a pandemic?

For Palantir, a data analytics company that went public in September, February 18 was “giraffe money” day. It was the first day that current and former employees could cash in all of their shares after the company went public.

In a Slack channel for former employees called Giraffe Money – an apparent reference to wealth that can support occasional giraffe ownership – many anticipated their fallout by sharing, mostly jokingly, links to absurdly expensive homes and boats. said a former employee.

But in reality, technicians spend very differently.

Instead of fine art, they are buy NFT, or non-fungible tokens that represent ownership of digital artwork, memes, or artifacts from internet history.

Instead of going around the world, they pile up in Sprinter utility vehicles, the essential pandemic vacations. Jackie Conlin, personal style consultant for tech executives, said she has created “van wardrobes” made up of “comfy clothes that look well put together but are brimming with a laid-back vacation vibe” for customers. going on a road trip.

Instead of designer dresses, they’re looking for new outfits that look great on Zoom calls, virtual makeup classes for the camera, and makeovers for their Zoom backgrounds. Ms. Conlin said she redecorates a client’s Zoom room “to make what other attendees see more cohesive, stylish and pleasing to the eye.” Customers also shop for “heartwarming” gifts each week for friends and family, such as comfy blankets and bathrobes, skin care items, pajamas and games.

And instead of luxury condos, they’re looking for homes with outdoor space, home gyms, and good “Zoom rooms”. In San Francisco, newly wealthy techies are migrating from modern ‘white box’ style apartments in the SoMa neighborhood to traditional pre-war ‘trophy houses’ in more established areas such as Nob Hill, Russian Hill, Pacific Heights and Sea Cliff, said Joel Goodrich, a real estate broker with Coldwell Banker Global Luxury in the city. They are enthusiastic about the historic homes with elaborate moldings and architecture.

How do Silicon Valley techs celebrate getting rich in the event of a pandemic?

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