This has been going on for a while, actually. During the first dotcom boom a VC guest speaker mentioned that some of the investors in his firm were European nobility. I don't think the people in this article would qualify as "old money" by European standards. :-)
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This has been going on for a while, actually. During the first dotcom boom a VC guest speaker mentioned that some of the investors in his firm were European nobility. I don't think the people in this article would qualify as "old money" by European standards. :-)
Yeah, generally if you know where the money originally came from (great granddad's widget factory) it's not old money.
Well, for really old money the money comes from land and the land came by stealing it by force of arms from whoever had it before.