Palmer Luckey is in a 'B Boys Club' group chat. There's only 1 accomplishment that scores you an invite.

It's a radical chat with "the boys" — but you person to person sold a unicorn to get an invite.

Palmer Luckey says helium scored an invitation to an exclusive radical chat aft helium sold his virtual-reality startup, Oculus, to Facebook successful 2014.

The "B Boys Club" is simply a backstage connection thread reserved for entrepreneurs who were capable to propulsion disconnected large concern deals, Luckey said successful a May 6 occurrence of Peter Diamandis' "Moonshots" podcast.

"It's each boys who person sold a institution for astatine slightest $1 billion," said Luckey, who sold Oculus for $2 billion.

Luckey said that portion women aren't excluded from the group, determination aren't immoderate who've closed acquisition deals for $1 cardinal oregon more. (Despite Luckey's disclaimer, determination are immoderate notable examples of female-founded startups being acquired for $1 cardinal oregon more, specified arsenic IT Cosmetics cofounder and CEO Jamie Kern Lima, who sold her marque to quality elephantine L'Oréal for $1.2 cardinal successful 2016.) BI reached retired to L'Oréal successful an effort to inquire Lima if she had ever received an invitation to the radical chat.

Based connected the criteria laid retired by Luckey, determination are immoderate different notable names successful the tech and concern satellite that would beryllium eligible for a "B Boys Club" invitation.

Like Luckey, Instagram founders Kevin Systrom and Mike Krieger, arsenic good arsenic WhatsApp founders Jan Koum and Brian Acton, each sold their companies to Facebook, present Meta, for astatine slightest $1 billion. A much caller imaginable summation is Slack cofounder Stewart Butterfield, who sold the level to Salesforce for $27.7 cardinal successful 2021.

Some of the richest men successful the world, however, including Luckey's aged boss, Mark Zuckerberg, don't marque the cut. Despite his reported $216 cardinal nett worth, Zuckerberg wouldn't suffice due to the fact that helium ne'er sold his company. The aforesaid goes for Bill Gates, Sam Altman, and Warren Buffett.

Luckey didn't instantly respond to Business Insider's petition for further comment.

As a decadelong subordinate of the group, Luckey confirmed that the palmy businessmen successful the thread are so talking astir money.

Luckey, who's worthy an estimated $2.5 cardinal aft confounding the defense-tech startup Anduril, told Diamandis that he's tried to "shame" his chap affluent founders into doing much with their fortunes.

He said he's asked the radical chat, "Guys, you person truthful overmuch money. Why are you not doing what you cognize is the close happening to bash with this capital?"

As acold arsenic what helium means by "the close thing," according to Luckey, his groupmates should execute their imaginativeness of "how the satellite should be" themselves alternatively of trusting others, beryllium it employees oregon nonprofits, to cognize what to bash with their money.

Luckey said he's managed to alteration immoderate of his peers' perspectives connected their spending, portion others are contented with driving vintage contention cars. Not each ultrawealthy men aspire to beryllium Batman and usage their wealth to signifier the satellite arsenic they spot fit, helium said.

"I'm not saying everyone should go a vigilante transgression fighter, but wherefore wouldn't you usage your resources to bash the happening that you cognize needs to beryllium done?" Luckey said.