As we started the third quarter of 2024, July here at Sunstone has had the feel of training for, then competing in, the Olympics. No surprise there – the real thing started July 26 in Paris!
Big Reports
Investor Communications is the Flywheel of our business, and we’ve started a full-court press in that area. Every member of the Sunstone team has stepped up to work at making this a Gold Medal-winning effort.
We’ve been sending weekly memos out to investors, and have spent a lot of time and energy preparing annual reports for all of our venture capital funds. I can’t say enough about all the work being done by the investment team – Mike Stone, Jasmine Jing, Sabrina Li, Clark Hsu, Angie Zuo – and the marketing team – Jennifer Huang, Cindy Lin, Lo Chinsak – along with chief compliance officer Heather Lewis.
These important pieces of communication reflect our professionalism and transparency. Investors in our funds will be receiving these documents soon, and I believe the information they provide will be welcomed.
Stepping Up
As we continue to focus on investor communications and existing funds, two well-earned promotions took place in July.
Jasmine Jiang, who has been our Director of Investment, is now Senior VP of Investment Operations. Clark Hsu, who joined us as an Investor Relations Associate, has taken on the role of Investor Relations Manager.
Both are poised for success in these new roles.
New Olympic Events
The 2024 Summer Olympics includes a new sport – breaking, or breakdancing to most of us – and several nearly new competitions such as skateboarding. In July, we also went public with some new and revamped sectors.
We have two new public-facing websites now – sunstonecities.com and sunstoneadvisor.com.
Sunstone Cities, LLC, is our economic development consulting arm. We have begun providing smaller cities with help to ramp up economic development efforts and other services. Two contracts, with the cities of Anaheim and Lakewood, have already brought in revenue, and talks are underway with other cities as well. Our economic development team, Economic Development Officer Jayro Sandoval and Associate Project Manager Ryan Phong, are making great progress on several fronts here.
Sunstoneadvisor.com is all about Sunstone Advisors, LLC, our SEC-registered investment advisor. This is designed to be the home for investors in our funds to find everything they want and need to know. Thanks again to all those who have helped with the transition.
Long Jumping Into August
As I write this, the Olympics are in full swing in Paris, the City of Light. I take inspiration from the athletes giving their all, and the city that’s helping those athletes shine.
Here at Sunstone, we try to help our communities, our partners shine by giving our all. We’ll be extending the “Sunstone Olympics” for the rest of the quarter, having fun and working hard. Or maybe that’s working hard and having fun.
July was a good start.
And as always, be a Sunstone.
©Sunstone Management, Inc. 2024