True Ventures

True Ventures is a Silicon Valley-based early-stage venture capital firm founded in 2005 that writes the first check and stays for every chapter after. The firm invests at pre-seed through Series A in technology startups, with a current heavy focus on AI-native companies — in Q4 2024, 75% of new investments were AI-native. True views AI as a fundamental layer transforming all sectors, from enterprise infrastructure and applications to consumer, climate, biology, and robotics. The firm manages over $4 billion in capital across its main funds and Select (growth) funds, typically deploying $1M–$5M per deal with 30–40 portfolio companies per fund and capital reserved for follow-on. True is distinguished by its 'no attribution, no silos' team model — when they invest in a founder, the entire partnership is available — and by its Founder Platform, which includes True Forum, Founder Camp, True University, and fellowship programs serving 7,000+ employees across the portfolio. The firm is less interested in what it can see today and more focused on where the world will be in five to ten years, with 'early-stage investing is more about duration as a feature.'