Moguls, Deals And Patagonia Vests: A Look Inside ‘Summer Camp For Billionaires’

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Facebook’s CEO Mark Zuckerberg, Vice President of Partnerships Dan Rose and Chief Operating Officer Sheryl Sandberg walk together at the Allen & Company Sun Valley Conference on July 12, 2018 in Sun Valley, Idaho. Top tech and media moguls descend on the resort every year for a week of activities — and deals.

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Apple CEO Tim Cook attending the Allen & Company conference on July 6, 2016 in Sun Valley, Idaho.

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Amazon founder Jeff Bezos arrives for the Allen & Company Sun Valley Conference on July 13, 2017 in Sun Valley, Idaho.

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Amazon founder Jeff Bezos arrives for the Allen & Company Sun Valley Conference on July 13, 2017 in Sun Valley, Idaho.

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And Allen & Co., expects to take a cut from any deals that emerge from that week of fun in the sun.

«It culminates in a large fee when the time is right, Pascarella says.

«They are capable of sitting and waiting and building a long-term relationship with a client with the hopes of doing a deal every four or five years, Pascarella adds.

That is the model on which Allen & Co. built its business, and it’s how it continues to operate.

So, in between gawking at top executives in casual clothes, playing tennis or golf or riding horses, keep this in mind: Next time there’s a transformative deal in media or tech, odds are it may have been hatched during a whirlwind week at a luxury resort in Central Idaho.