ISSUE – Feb. 21 | With Snap’s I.P.O., Los Angeles Prepares to Embrace New Tech Millionaires

Blaine Lourd has long helped the movie stars, professional athletes and heiresses in Los Angeles manage their wealth. Over the past few years, he has also noticed millionaires who made their money in technology begin to dot the west side of the city.

“What we have not had is our Google moment,” Mr. Lourd said, referring to Google’s initial public offering in 2004, which produced a horde of new millionaires in Silicon Valley. [ NY Times ]