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Who are all these tech workers who want private parties and yachts and pent houses and sommeliers in their apartment? Everyone I've worked with up to director
by safog 7y ago
Who are all these tech workers who want private parties and yachts and pent houses and sommeliers in their apartment?
Everyone I've worked with up to director levels at FAANG are mostly content with just investing their riches and maybe thinking about retirement or sending their kids to private schools. I haven't seen any extravagant displays of wealth - some BMWs / Teslas in the garage but never a Ferrari for instance.
- pm90 7y agoYou’ve been living a sheltered life. While most workers are trying to get by, the wealth and opportunity has attracted all kinds of people, which is fine. I’ve noticed that anywhere in America where there is money to be made, there are clusters of people who are willing to also spend all of it.
- strken 7y agoWhere are those people? How does one come into contact with them?
- josephwegner 7y agoThey're around. They cluster, as you might expect. I worked at one a16z-funded startup where probably 1/3 of the engineering department were big spenders. I expect the cluster was a result of the CTO being an extremely big spender, and very loud at broadcasting that fact.
- opportune 7y agoNot exactly huge spenders but I know a lot of people in their early-mid 20s who spend almost all excess income (probably about $70k-120k) on clothes, food, sports tickets, cars, and vacations. And live in nice apartments.
- philsnow 7y ago> or sending their kids to private schools I think this is the key, you're seeing mostly people with kids, and their behavior is different in general than people without kids.