Silicon Valley Elite, Are Investing in, Doomsday Prepping .<br />Business Insider reports that the ongoing pandemic and a divisive political climate have contributed to pushing the prepping trend among the wealthy. .<br />Business Insider reports that the ongoing pandemic and a divisive political climate have contributed to pushing the prepping trend among the wealthy. .<br />From Silicon Valley to Wall Street, some <br />of the biggest names in tech have started <br />investing in doomsday prepping.<br />From Silicon Valley to Wall Street, some <br />of the biggest names in tech have started <br />investing in doomsday prepping.<br />Doomsday prepping, or survivalism, is a movement <br />whose participants actively prepare for <br />a political, social or natural global emergency.<br />According to a survey by Finder, <br />an estimated 20% of Americans participate <br />in some sort of doomsday prepping.<br />Back in 2017, Reddit <br />CEO Steve Huffman told <br />'The New Yorker' that he <br />bought motorcycles, guns <br />and ammo to be prepared <br />for potential disaster.<br />He and Yishan Wong, Reddit's CEO from 2012 to 2014, <br />both got Lasik eye surgery to increase their <br />odds of surviving some kind of world disaster.<br />He and Yishan Wong, Reddit's CEO from 2012 to 2014, <br />both got Lasik eye surgery to increase their <br />odds of surviving some kind of world disaster.<br />LinkedIn cofounder Reid Hoffman estimates that <br />over 50% of his "fellow Silicon Valley billionaires"<br />have purchased some kind of doomsday hideaway spot.<br />LinkedIn cofounder Reid Hoffman estimates that <br />over 50% of his "fellow Silicon Valley billionaires"<br />have purchased some kind of doomsday hideaway spot.<br />The tech preppers do not necessarily <br />think a collapse is likely. They consider <br />it a remote event, but one with a very <br />severe downside, so, given how much <br />money they have, spending a fraction <br />of their net worth to hedge against this <br />... is a logical thing to do, Yishan Wong, Former CEO of Reddit, via 'The New Yorker'.<br />According to 'The Guardian,' billionaire venture <br />capitalist Peter Thiel has long cited one book <br />as being a large influence in his life.<br />'The Sovereign Individual: How to Survive<br />and Thrive During the Collapse of the Welfare State' <br />details a civilizational collapse.<br />'The Sovereign Individual: How to Survive<br />and Thrive During the Collapse of the Welfare State' <br />details a civilizational collapse.<br />The book suggests a societal collapse would give way to the rise of the "cognitive elite" who, after hiding, would then rebuild a new world.<br />The book suggests a societal collapse would give way to the rise of the "cognitive elite" who, after hiding, would then rebuild a new world
