Silicon Valley News - August
Not many changes from last month (except televised live-action sports are back!). We are working on quite a few exit events, restructurings and creative new funding structures. It is busier in all of our offices, and in our Budapest office life is almost back to normal. Several of our companies have consolidated operations and are using the pandemic as the catalyst to right-size operations. Nothing new in any of this.
As we reported last month, we are also busy preparing for the September launch of our business affiliate, WhiteSpaceX . Below again is our WSX summary if you have interest. Several clients have asked us about the availability of space in the White Summers Building, owned by us in downtown Redwood City in the heart of the Valley. We serve as the virtual office for over 30 of our companies, and several of our clients are located in our building. Contact us to find out more.
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Repeat news on WhiteSpace X: We are launching our Open Platform on September 1st and our WSX Members Platform on October 1st. We are scheduling 4 webinars held weekly throughout August to explain what WSX is about; how our global IT collaboration platform works; how our IT tools, investor and partner matching works; and finally how our equity exchange fund (the XFund) works. We will launch with communities in Africa, Latam, EU, Canada and the US. WSX is designed for the post-pandemic world we now conduct business in: remote, self help and collaboration among select elite member companies, with a laser focus on revenue, capital, critical tech news around the globe, and proven curated connections to new markets. Check out the WSX website at http://www.whitespacex.com/ and ask for copy of our FAQ to find out more.
Stay safe and well - from the White Summers teams in Silicon Valley, Santa Cruz, Portland, Bend and Budapest