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True Ventures 2012: A Year in Review [INFOGRAPHIC]

By all accounts, 2012 was a banner year for True Ventures. We held the final closing on our third fund, welcomed five new team members, invested in 31 new portfolio companies, saw nine companies acquired, welcomed 40 new Founders, and helped create over 500 new jobs. We learned together at True University, learned from each other at Founder Camp, and learned once again that we are all in this together, magnifying the power of creative Founders to change the world.

At True, we have always stood by the mantra that “it’s all about the people.” Just as we invest in Founders rather than companies, we hire teammates rather than employees. This year, we were incredibly privileged to welcome five new teammates to True: Amy Hoeck, Beatrice Kopilenko, Liz Mansfield, Lars Nilsson and Jim Stewart. We also celebrated growth within the True team: Christiaan Vorkink, who joined True in 2008, was promoted from Senior Associate to Principal, and Adam D’Augelli, who joined True in 2010, was promoted from Associate to Senior Associate. Our small family is growing and maturing, and with each new addition, we experience a new depth and richness to our team, and we are able to provide more resources and valuable insight to our Founders.

We have always lived by our core values: investing in people, focusing on the Founder, providing exceptional educational and advisory resources, and valuing our relationships above all else. This year, we also made a concerted effort to articulate more clearly what we care about as a firm: what gets us excited as investors; what we want for our Founders, their families and their communities; and why we do what we do every day. In the end, it boiled down to three simple statements:

Every business has a customer. Our customers are entrepreneurs.

Our mission is to make the world a better place for entrepreneurs, and to have a deep and lasting impact on those with whom we work.

We believe in Founders of movements and products that capture the imagination.

We live these tenets every day as we make investment decisions and help our companies navigate the enterprise, mobile, consumer hardware, infrastructure, commerce, software and services industries. It has been extremely powerful for us to put the importance of our mission into words.

We are incredibly proud of our firm’s growth and accomplishments this year, but it is coupled with an enormous sense of gratitude and humility. We are lucky to be in an industry that has the potential to impact people’s lives every day. From the mobile health company that is lowering costs and moving care away from treatment and toward prevention, to the “bits” that are teaching kids about electronics through play, to the infrastructure company delivering a richer, more personalized push-notification experience, True portfolio companies are having a positive and lasting impact on our world. I firmly believe we are at the beginning of an industrial revolution, and it’s a humbling experience to step back and realize just how historic this moment in time is. We feel truly privileged to be a part of it.

Even more humbling is the faith and confidence placed in the True team and platform every day by the Founders of our portfolio companies. As Founders ourselves, we know intimately the enormous risks that these brave entrepreneurs boldly take on, and we feel incredibly inspired by their journeys. As we leave 2012 behind and embrace all the possibility of a new year, it is their trust and confidence that we hold most dear.

Thank you to all our investors, Founders, mentors, friends, and others who joined us in our mission to make the world a better place for entrepreneurs this year. We are honored by your support, and we look forward to another year of partnership with you.

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