Why SF Real Estate Now? Lockout Period Mints at least 7,000 New Millionaires in the Bay Area
This may explain why we’ve been so busy over the past few months….
Over the past six months, at least 35 companies that were founded in the San Francisco Bay Area — including Airbnb, DoorDash and the data warehousing company Snowflake — have gone public for a combined market value of $446 billion, according to a tally by The New York Times. Those companies’ “lockup periods,” which prevent insiders from selling most of their stock soon after an IPO, will expire in the coming months, unleashing a wave of wealth. …
And instead of luxury condos, they are after houses with outdoor space, home gyms and good “Zoom rooms.”
Source: SFGate/NYTimes Bay Area techies are still celebrating getting rich in a pandemic