Family Offices example (Jed York 2)

A shrewd $16.5mn investment became the basis of a family fortune worth about $4bn, according to Forbes estimates.

York decided to diversify into technology investing and break into the tight-knit world of Silicon Valley.

“My parents didn’t start a computer company in the 1970s . . . That’s not the make-up of my family,” says York. “There’s a level of entrepreneurship, but it’s not necessarily in what Silicon Valley would look at as tech.”