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eenbergTraurig, P.A; | Attorneys at Law 5100 Town Center Circle | Suite 400 j Boca Raton, Florida 33486 | T+1 561.955.7600 | F+1 561.338.7099 Albany. Amsterdam. Atlanta. Austin. Berlin.’ Boca Raton. Boston. Chicago. Dallas. Delaware. Denver. Fort Lauderdale. Houston. Las Vegas. London? Los Angeles. Mexico Ci
London? Los Angeles. Mexico City? Miami. Milan? Minneapolis. Nashville. New Jersey. New York.-Nnrilwrn.vtm;..;—r,- ■ San Francisco. Seoul. Shanghai. Silicon Valley. Tallahassee. Tampa. Tel Aviv? Party JOINT ’Orlando. Philadelphia. Phoenix. Sacramento. 'est Palm Beach. Westchester County. OtkTsteS « "’Gr»ert<r5 t
berg Traurig. P.A. | Attorneys at Law 5100 Town Center Circle | Suite 400 | Boca Raton, Florida 33486 | T +1 561.955.7600 | F +1 561.338.7099 Albany. Amsterdam. Atlanta. Austin. Berlin Boca Raton. Boston. Chicago. Dallas. Delaware. Denver. Fort Lauderdale. Houston. Las Vegas. London* Los Angeles. Mexico City
polis. Nashville. New Jersey. New York. Northern Virginia. Orange County. Orlando. Philadelphia. Phoenix. Sacramento. San Francisco. Seoul* Shanghai. Silicon Valley. Tallahassee. Tampa. Tel AyhvTotyo* Warsaw. Washington, D.C. West Palm Beach. Westchester County- Optnlss w. "’Ciurtberjlftcrij 0<a5»»f.LLP; 'A UK ee
lley; Conlidcanal & Trade Secret EFTA00810410 VALAR 5 Private Placement Memorandum Toronto, Montreal, and Boston, which feed into New York; or Amsterdam, Stockholm, Helsinki, and Tallinn, which feed into London). In Fund 4, Valar intends to continue focusing on companies being built in the geographi
tners and available talent at all stages of the company's lifecycle. Valar believes that, in the Western World, these dynamics are most prevalent in Silicon Valley, New York, London, Berlin and Paris, and to a lesser extent, in the smaller cities that feed into the larger tech hubs (e.g., Provo, Boulder, Portl
to God, and how and when. Finance was dominated by a few families, largely working in the secretive counting rooms of early banking capitals such as Amsterdam or Genoa or Lyon. Knowledge about the world, a sense of science and of history and even geography, was closely held, fiercely opaque. Inside monaster
g for influence. They represent the crucial background against which we will all live, build businesses, travel and learn. You might feel, sitting in Silicon Valley or Iowa, that such shifts don’t matter to you now, but the cold truth is that the international system is unlikely to be arranged, in two or three de
erely to the loss of your secrets, but also to perversion and control. This is the cold truth: that old hacker ethos, the one spread out so warmly on Amsterdam grass 20 years ago, the be liberal in what you accept frontier society instinct, is dead. Weird machines and normal machines, weird networks and norm
on inside the machines. Can we? Should we? How does Dare to know face off against these impenetrable systems. It is little surprise that places like Silicon Valley often leave a visitor with the feeling of a town where work is done in rooms within rooms within rooms. To drive along the dulled, anodyne asphalt st
Entities connected to both Amsterdam and Silicon Valley

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