DEFINITION of 'Siliconaires'

Slang referring to young dotcom entrepreneurs in their 20s and 30s who found themselves suddenly rich due to stock options from their Silicon Valley Internet companies.

BREAKING DOWN 'Siliconaires'

With the dotcom boom and the rise in stock price of many different high-tech companies, many people working in or associated with Silicon Valley quickly found gains in wealth.

  1. Technical Skills

    1. The knowledge and abilities needed to accomplish mathematical, ...
  2. Dotcom

    A company that embraces the internet as the key component in ...
  3. Option

    A financial derivative that represents a contract sold by one ...
  4. Silicon Valley

    A part of the San Francisco Bay Area that is known for the many ...
  5. New Economy

    A buzzword describing new, high-growth industries that are on ...
  6. Racketeering

    A fraudulent service built to serve a problem that wouldn't otherwise ...
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