With Snap’s I.P.O., Los Angeles Prepares to Embrace New Tech Millionaires
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The Venice sign spans the intersection of Windward and Pacific Avenues in the Los Angeles neighborhood. It is a replica of the original sign from 1905, which was hung by the developer to lure buyers. The neighborhood is undergoing change now as tech money flows in.CreditMelissa Lyttle for The New York Times
LOS ANGELES — Blaine Lourd has long helped the movie stars, professional athletes and heiresses in Los Angeles manage their wealth. Over the past few years, he has also noticed millionaires who made their money in technology begin to dot the west side of the city.
“What we have not had is our Google moment,” Mr. Lourd said, referring to Google’s initial public offering in 2004, which produced a horde of new millionaires in Silicon Valley…
With Snap’s I.P.O., Los Angeles Prepares to Embrace New Tech Millionaires
