US tech tycoons direct personal wealth to new frontiers

US tech tycoons direct personal wealth to new frontiers

February 24, 2020, Financial Times

Tom DeFilipps spoke with the Financial Times about trends he is seeing in investors’ willingness to invest in tech start-ups. Mr. DeFilipps says he has seen little decline in Silicon Valley’s appetite for risky investments. “You have all of this wealth, and there’s just a limited amount you can do with it within the confines of the way people behave in Silicon Valley,” he says. “There’s not a lot of outsized demonstrations of wealth here.” He notes that his clients still ask him: “What else am I going to do with my money?”