I'm all for old money getting into tech. However, there was one line in the article that makes me wonder how successful they'll be...

"While many of them don’t know how to program code, they have a powerful combination in the start-up scene: wealth, wits and a well-connected family."

I'm not going to dispute that things like money and connections matter, and of course wits are essential. I'm not going to claim that there's no chance of succeeding if you can't code, either. But you do put yourself at a disadvantage if you can't. Having a great idea for an application is a great way to get started, but I'd put it on a par with having a great idea for a novel or a movie.

I'll still put my money on hackers in a run down dorm room above heirs to a fortune looking for someone to code up their next social networking idea.