This town ain’t big enough for both us (and 1,600 new Twitter millionaires). The NYT’s Erica Goode and Claire Cain Miller pick up on a story that’s been stirring up a lot of conversation in San Francisco. Are tech companies and the newly rich squeezing everyone else out of this town? They used to come out west for gold. Now they come for equity.

+ Wired’s Alice Marwick: Silicon Valley isn’t a meritocracy — and it’s dangerous to hero-worship entrepreneurs. True. Such adulation should be reserved for news curators.