For Palantir, a details analytics corporation that went community in September, Feb. 18 was “giraffe money” working day. That was the initial working day that recent and former staff members could funds out all of their shares following the organization went community.
In a Slack channel for former personnel known as Giraffe Cash — an apparent reference to prosperity that can assistance everyday giraffe possession — several expected their windfalls by sharing inbound links, primarily in jest, to absurdly high priced household listings and boats, 1 former employee explained.
But in reality, techies are paying in extremely distinct methods.
Alternatively of high-quality artwork, they are obtaining NFTs, or nonfungible tokens that symbolize ownership in items of electronic artwork, memes or artifacts of web historical past.
In its place of round-the-entire world travel, they are piling into Sprinter vans, the pandemic holiday vacation important. Jackie Conlin, a individual fashion advisor to tech executives, mentioned she had made “van wardrobes” consisting of “comfy dresses that glimpse place with each other but are oozing with laid-back again vacation vibes” for customers going on road outings.
Rather of designer dresses, they are looking for new outfits that seem good on Zoom phone calls, virtual make-up classes for the digital camera and makeovers for their Zoom backgrounds. Ms. Conlin explained she redecorates a client’s Zoom room “to make what ever the other conference attendees see look a lot more cohesive, stylish and satisfying to the eye.” Customers are also buying weekly “comfort” presents for friends and family like cozy blankets and robes, pores and skin treatment goods, pajamas, and games.
And in its place of luxurious condos, they are after homes with out of doors house, home gyms and superior “Zoom rooms.” In San Francisco, recently prosperous techies are migrating from modern day “white box” flats in the neighborhood of SoMa to common prewar “trophy homes” in more recognized spots this kind of as Nob Hill, Russian Hill, Pacific Heights and Sea Cliff, stated Joel Goodrich, a authentic estate broker with Coldwell Banker World-wide Luxurious in the town. They are fired up by historic mansions with elaborate moldings and architecture.