dot snot
n. A young person with an arrogant and self-important manner because he or she has become rich by creating a dot com company.

Example Citation:
"Why do I sense a technology slippage in this arena? Probably because Silicon Valley has become obsessed with dot-com operations that focus on business models instead of technology. The results of that obsession are a lot of interesting ideas and a lot of excessively rich kids — referred to locally as 'dot snots' — who wander around town as if they own the place. Meanwhile, process engineering, the true basis for our wealth, goes to Taiwan."
—John C. Dvorak, "Inside Track," PC Magazine, May 9, 2000

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