Is Silicon Valley Home to Sugar Daddies?
A dating website matching wealthy older men to attractive young women has picked an odd target for a publicity stunt.
SugarDaddie.com is offering the town of Woodside, Calif. $11.65 million to change its name to "SugarDaddie.com, USA" for ten years.
Chump change. Wrong target. Very funny.
Woodside is home to some of the richest tech titans in America, like Oracle CEO Larry Ellison. However, it's hardly a haven for the bimbo set. Gold diggers usually circle their prey further south in SoCal, where silicone is more prevalent than silicon.
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Woodside is a place where the median home price is $1.5 million, according to Trulia, and where the city's official homepage shows the biggest concerns aren't attracting tourists, but reviewing architectural plans and setting aside more land for "open space." People ride bicycles there. Really expensive ones. Many women in town have not one, but two, college degrees and are more interested in generating their own wealth than marrying into it.
It's not Beverly Hills.
Still, the town's name is Woodside. Maybe that's why SugarDaddie.com picked the place (it earlier made a cheaper pitch to Sugar Land, Texas).
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And what's the with $11.65 million figure? Don't quite have $12 million? Saving it to pay California's higher income taxes? Last I checked, Woodside didn't need the money. BUT THAT'S NOT THE POINT. The point is I'm writing about this. Mission accomplished!
The story may have legs (get it?). "I don't think Woodside can be bought so cheaply," city councilman Ron Romines joked to the San Jose Mercury News, "but I will offer to change my name for that sum of money."
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—By CNBC's Jane Wells; Follow her on Twitter: @janewells