Just when you got that shank under control, all the cool people are doing something else. Socializing in Silicon Valley has taken a new turn. Everyone from venture capitalists and investment bankers to entrepreneurs and tech CEOs are learning how to ride a bike again, reports the San Jose Mercury News.

Randy Komisar of Kleiner Perkins Caufield & Byers is a member of this new tribe. Komisar estimates that he rides 10,000 miles in a year. “For me cycling is not just about fitness or business … It is my way to interact with the world,” Komisar tells the Mercury News.

The Mercury News attributes the phenom’s origin to Thomas Weisel, whose involvement with cycling goes way back (read about it here). Short story is that Weisel took over USA Cycling in 2000 and now heads the elite Champions Club. The club raises funds for the USA Cycling Development Foundation and counts Robin Williams, venture capitalist John Doerr and JPMorgan vice chairman Michael Patterson as members. Members have to contribute $25,000 per year, after a $100,000 initiation.

Beyond the networking opportunities, the power brokers of Silicon Valley are attracted to bicycling because it’s a sport where you can be a gadget geek, apparently. One bicycle shop owner, whose average bike price is $1,300, offers bespoke bikes with “titanium and carbon frames and $3,500 wheels with ceramic bearings.”