Silicon Valley's Young Achievers Say No to Old Status Symbols


Los Angeles, Jun 19 (PTI) Some of Silicon Valley's rising young stars are rejecting the traditional symbols of status: fast cars, yachts, luxury homes and are putting their wealth into social causes and start-up ventures to make their mark, according to a media report.

"You do not need to have an Aston Martin in the driveway," said Drew Houston, the 28-year-old chief executive and co-founder of Dropbox, a San Francisco start-up that helps its 25 million users worldwide store and share photos, videos and documents.

"It's more important to have the freedom and the independence to build something for a huge audience," Houston was quoted as saying by Los Angeles Times.

During the tech boom of the '90s, which ushered in a period of conspicuous indulgence, instant millionaires bought Lamborghini sports cars and tore down small houses to build mansions, it noted.

  

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Title: Silicon Valley's Young Achievers Say No to Old Status Symbols



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