I believe that it's OK for guys to wear sweatshirts if they wear the RIGHT one (and the right place and time). As more and more tech companies pop up and the 'casual' work environment becomes a staple it's more likely that you'll want to be casual if you're staring at a computer for 11 hours a day. So with that said, you'll want YOUR new sweatshirt to be less ratty old college shirt and be fresh and new.
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xx yours in style,