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Welcome to The San Jose Newsletter!

In today’s edition:

• AMD to buy AI equipment maker for $4.9B.

• Upcoming San Jose Giants match

• A deep-dive into the life of Belle Cooley

• And more…

Quote of the Week

“Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of all, love of what you are doing or learning to do.” 

–Pele

Sponsored

Investors have trusted this platform with +$1bn - here’s why

Through COVID, soaring inflation, and today’s crushing interest rates, a group of enterprising investors have collectively entrusted one billion dollars from their portfolios to Masterworks’ art investing platform.

Why? Because the contemporary art Masterworks offers—from legends like Picasso and Banksy—has demonstrated a low correlation to the stock market, inflation resistance, and exceptional appreciation potential. Not to mention Masterworks has completed 23 successful exits to date, distributing over $60+ million in net proceeds to investors in those offerings.

These investors didn’t need art expertise to diversify with blue-chip art, because Masterworks does all the heavy lifting, finding artists with appreciation potential (buying <3% of works offered) and then breaking an art offering into shares for you. If Masterworks sells a piece again for a profit, investors get a return. With 3 illustrative sales, Masterworks investors have realized net annualized returns of +17.6%, +17.8%, and +21.5%.

With 65,000+ investors, offerings can sell out quickly. Luckily, you can get priority access here.

Past performance is not indicative of future returns. Investment involves risk.

Disclosures:

The content is not intended to provide legal, tax, or investment advice.

No money is being solicited or will be accepted until the offering statement for a particular offering has been qualified by the SEC. Offers may be revoked at any time. Contacting Masterworks involves no commitment or obligation.

Contemporary art data based on repeat-sales index of historical Post-War & Contemporary Art market prices from 1995 to 2023, developed by Masterworks. There are significant limitations to comparative asset class data. Indices are unmanaged and a Masterworks investor cannot invest directly in an index. 

Net proceeds distributed back represents the total liquidation proceeds distributed back to investors, net of all fees, expenses and proceeds reinvested in Masterworks offerings, of all works Masterworks has exited to date.

See important Reg A disclosures at masterworks.com/cd.

Trivia

Here is your trivia question of the week. The answer will be shown in next week’s newsletter. Which do you think it is? No cheating!

What unique San Jose landmark serves as both a museum and an active astronomical observatory, located atop Mount Hamilton?

A) Chabot Space & Science Center

B) The Lick Observatory

C) The Tech Interactive

D) NASA Ames Research Center

Answer to Week 36's Trivia:

The Children's Discovery Museum of San Jose is distinguished by its striking purple building, designed by D) Mexico City’s Ricardo Legorreta.

News

💼 Business

U.S. lawmakers press Meta over ads for illicit drugs. (Link)

EverCharge inks vendor deal with Oklahoma utility. (Link)

🏒 Sports

Former SF Giants fan favorite Kelby Tomlinson has the perfect post-retirement career. (Link)

Matt Chapman homers in the 6th as Giants beat White Sox 5-3. (Link)

🏦 Finance

AMD to buy AI equipment maker for $4.9B. (Link)

Upcoming Events

Here are some events that are happening in our city this week. There is a good mix between sports, entertainment, conferences, concerts, and more.

Sports

⚽ Tacoma Defiance at Luton Town
PayPal Park, San Jose
Sunday, Aug 25th | (More info)

⚾ Rancho Cucamonga Quakes at San Jose Giants
Excite Ballpark, San Jose
Tuesday, Aug 27th | (More info)

Concerts

🎵 Stevie B with Old School Block Party
SAP Center at San Jose, San Jose
Saturday, Aug 24th | (More info)

🎵 Peso Pluma
SAP Center at San Jose, San Jose
Wednesday, Aug 28th | (More info)

Family Friendly Events

📚 Indoor Family Storytime
290 International Cir, San Jose
Thursday, August 22nd | (More info)

Image of the Week

Every week, I have a habit of making some AI art about our city.

This week, I typed in “San Jose where architecture is inspired by different musical genres” and this is what I got.

Let me know what ideas you have for this. I really enjoy making these types of photos.

San Jose Historical Events

Cisco Systems moves to San Jose (1994) - Becoming a major employer and influence in the city.

In 1994, Cisco Systems, a global leader in networking technology, made a transformative move by relocating its headquarters to San Jose, California. This decision marked a significant milestone for both Cisco and the city of San Jose. Situated in the heart of Silicon Valley, San Jose offered Cisco a strategic location that was conducive to innovation, technological advancement, and access to a skilled workforce. The move not only underscored Cisco's growth ambitions but also highlighted San Jose's burgeoning status as a global tech hub.

As Cisco Systems settled into its new home, the company rapidly expanded, becoming one of San Jose's largest employers. This growth period was driven by the internet boom of the late 1990s and early 2000s, with Cisco at the forefront of developing the infrastructure that powered the internet's expansion. The company’s presence in San Jose attracted other technology firms and talented professionals to the area, fostering a vibrant ecosystem of innovation and entrepreneurship. Cisco's expansion provided thousands of jobs, significantly contributing to the local economy and shaping San Jose into a world-renowned technology center.

Moreover, Cisco Systems’ influence in San Jose extended beyond its economic impact. The company actively engaged in local community projects and initiatives, demonstrating a commitment to corporate social responsibility. Cisco's involvement in education, environmental sustainability, and community development initiatives helped address local challenges and contributed to improving the quality of life in San Jose. Over the years, Cisco’s role in the city has evolved, but its influence remains, underscoring the symbiotic relationship between the tech giant and its chosen home. This partnership between Cisco and San Jose has not only propelled the city’s status on the global stage but also set a benchmark for how technology companies can positively impact their local communities.

Famous People From San Jose

Belle Cooley (1857–1938) - An educator and clubwoman active in San Jose's civic affairs.

Belle Cooley was an esteemed educator and clubwoman whose contributions to San Jose's civic affairs have left an indelible mark on the city's history. Throughout her life, she demonstrated unfailing commitment to education, women's rights, and community improvement.

Early Life and Education (1857-1875)

Born in 1857, Belle Cooley grew up in a period of profound change in American society. From an early age, she showed a keen interest in education and was determined to pursue a career that would allow her to make a difference in the world. She attended local schools where she excelled academically, laying the foundation for her future endeavors.

Beginning of a Teaching Career (1876-1886)

After completing her education, Cooley embarked on her teaching career, which would span over a decade. She began teaching in small town schools, quickly gaining a reputation for her innovative teaching methods and dedication to her students. This period was crucial in developing her understanding of the educational needs of diverse communities.

Advocate for Educational Reform (1887-1897)

As her career progressed, Cooley became deeply involved in educational reform. She advocated for a more inclusive curriculum that catered to the needs of all students, regardless of their background. Her efforts led to significant improvements in the schools where she worked, making her a respected figure in the educational community.

Move to San Jose and Further Accomplishments in Education (1898-1907)

In the late 1890s, Cooley moved to San Jose, seeking new opportunities to expand her influence in education. In San Jose, she continued her work in educational reform, focusing particularly on the improvement of public school systems. She played a key role in developing programs that emphasized critical thinking and life skills alongside traditional academic learning.

Leadership in Women's Organizations (1908-1917)

Cooley's passion for social improvement extended beyond the classroom. She became a leading figure in several women's organizations, using these platforms to advocate for women's rights and civic involvement. Her leadership in these organizations led to increased support for women's education and their participation in public affairs.

Development of Libraries and Cultural Institutions (1918-1927)

Recognizing the importance of access to knowledge, Cooley was instrumental in the development of libraries and cultural institutions in San Jose. She believed that libraries were essential for the intellectual and cultural growth of a community. Under her guidance, several libraries were established, providing valuable resources for education and research.

Active Participation in Civic Affairs (1928-1937)

Cooley's commitment to civic improvement saw her actively participating in various civic affairs. She was involved in efforts to beautify the city, promote public health, and support the needy. Her dedication to these causes strengthened the community and demonstrated the impact of committed citizenry in civic development.

Legacy and Impact on San Jose (1938)

Belle Cooley passed away in 1938, but her legacy continues to inspire those who value education and civic responsibility. Her contributions to the development of educational systems and civic institutions have had a lasting impact on San Jose, earning her a place of honor in the city's history.

Key Achievements of Belle Cooley:

• - Esteemed educator known for innovative teaching methods and advocacy for educational reform.

• - Instrumental in the development of inclusive curricula and improvement of public school systems in San Jose.

• - Played a key role in women's organizations, advocating for women's rights and greater civic involvement.

• - Led efforts in the establishment of libraries and cultural institutions, enriching San Jose's intellectual and cultural landscape.

• - Actively contributed to civic improvement through various initiatives aimed at beautifying the city, promoting public health, and supporting the needy.

Belle Cooley's life was a testament to the power of dedication and hard work in the pursuit of educational excellence and civic improvement. Her contributions have left a lasting legacy in San Jose, making her one of the city's most revered figures. Cooley's story serves as an inspiration, reminding us of the impact one individual can have on the development of a community.

Connect With Me

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I would love to hear from you. Don’t be shy.

-Matthew Larsen

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