First to believe. We lead pre-seed and seed rounds for founders shaping their product, defining their market, and building their team.

San Francisco & Palo Alto, CA
Joined February 2009
Every growth and marketing team is drowning in more channels, more content and more data than they can keep up with… that’s where Nectar steps in
Engineers stopped writing every line of code and started directing agents. Growth and marketing teams are in that moment now. Meet the next chapter of Nectar: the agentic growth stack. One platform replacing 5+ legacy tools. Agents that work every message, creator outreach and creative research about your brand, and tie it all back to revenue 🍊
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True Ventures retweeted
The Nuclear Company CEO @JonathanWebbKY reveals why Kentucky coal country beat 1,500 other sites for a massive 6.6 GW nuclear project: "This is our beautiful campus of Prosperity One, about 4,000 acres on the Ohio River." "Growing up in a coal state, seeing a lot of the coal plants shut down, we got a need for power in the region. Behind me, there’s the 765 kV line. It’s the largest transmission line in the country, and it connects us to PJM, which is the entire Northeast. And the Ohio River’s got about six times the amount of water we would need for the reactors." "We’ve looked at about a dozen states, met with governors, and looked at about 1,500 properties. Today’s the day that we’ve officially announced the project to the world." @TheNuclearCo
Announcing Prosperity One: a proposed 6.6 gigawatt nuclear campus in Lewis County, Kentucky
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Rohit Sharma took the Builders Stage at @TechCrunch Disrupt with Austin Clements and Sandhya Venkatachalam on winning pre-seed without a product. With nothing to demo, investors judge how a founder reads a problem and why they’re the one to chase it. Thanks for including us, TechCrunch.
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Powering the future. Who’s ready?
The Nuclear Company plans to deploy a series of gigawatt-scale campuses with fleets of reactors, totaling more than 40 GW. The first step in that journey was announced this morning with Prosperity One in Lewis County, Kentucky
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Announcing Prosperity One: a proposed 6.6 gigawatt nuclear campus in Lewis County, Kentucky
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Some software only needs to work for one conference. Some adapts to each person using it. True Partner Mike Montano on what gets built when building gets easier: trueventures.com/writings/bu…
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Nectar is changing how brands use social to talk with their biggest fans, in the comments and DMs where people actually hang out. Congrats to Misbah, Farah and the team on being named a 2026 @Inc Power Partner 🍑
In good company 🍊 Nectar is a 2026 @Inc Power Partner, alongside @AnthropicAI, @canva, @Intuit, @Rippling, @shopLTK and @beehiiv. Thank you to every brand that runs on Nectar! Now back to work.
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There's just something about rocket launches 🚀 Another clean launch for ICEYE and their SAR satellites. They can image Earth day or night in any weather, and now two of them will watch over Portugal's Atlantic waters. Proud to be along for the ride.
ICEYE has successfully launched and deployed four new SAR satellites aboard the SpaceX Bandwagon-5 mission, including two for Portugal’s Atlantic Constellation with CTI Aeroespacial and the Portuguese Air Force (@fap_pt). Each spacecraft has established communication, and commissioning operations are underway. Read more: hubs.li/Q04BML2Y0 Video: @SpaceX
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This is the kind of product instinct we look for in founders. Less clever. More 'why was this still dumb.' xitter.cf/nbaschez/status/211192…
The biggest product wins usually come from making some aspect the product less dumb, rather than introducing some new clever thing
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Tomorrow at our SF office: Physical AI demo day with @keerthinalabotu. Open to anyone building in the space who wants to demo or watch. xitter.cf/keerthinalabotu/status…
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Tomorrow at True: @keerthinalabotu is hosting a physical AI demo day at our office. If you're building robots, hardware, or anything AI that moves, come demo or just watch!
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True Partner @tonysphere on Polsia: "We funded Ben and got out of the way. He needed space to create, and he called me right before Christmas and said, 'I think I got it. These agents can build a company from scratch, from your idea, almost like a tech co-founder. It can build your site, market it, communicate it, do all of it.' His ability to accept as a partner a piece of technology that allows him to go build... it's been incredible to watch."
Polsia is about to hit $25M run rate. Next stop: $100M ARR. And things keep accelerating: $0 → $1M in 12 weeks $1M → $10M in 10 weeks $10M → $20M in 6 weeks I just published one of my favorite and most successful aisloP episodes yet: “The Run Rate.” I tell the whole story, from idea to $20M, month by month. The episode ends in Tokyo, where I went a few weeks ago. Probably the best place on Earth to take a deep breath, get inspired, and rethink what’s possible. I came back with an even bolder vision for Polsia. The road from $25M to $100M is going to look very different. Polsia v2 is coming soon.
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Replying to @puneet324
@puneet324 judged the Enterprise session of Startup Battlefield at @TechCrunch Disrupt on Wednesday, alongside @badgalgge, @gimmedadeetz, @rischter_scale, and @marklxu1.
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What stood out are the teams building for the problems AI is creating, using the technology itself.
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It’s always a pleasure to be part of Disrupt, and a big thank you to Anthony Ha for joining Puneet on stage!
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True Ventures retweeted
What’s overhyped, what’s overlooked, and what should venture CFOs act on now? @EisnerAmper's Navin Sethi and Jennifer Cuello join @trueventures’ Ulrike Kellmereit to dig into tax changes and the important judgment calls behind fund valuations. Thank you to our presenting partner, EisnerAmper! #NVCASOPS
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If you're raising right now, start at 35:11. @tonysphere on how much money a startup actually needs, why AI founders are overraising, and how to survive when capital gets tight. Then go back to the beginning for the Slack and Blue Bottle stories.
My first conversation with Tony Conrad (@tonysphere), partner at @trueventures. Tony has backed companies including @SlackHQ, @bluebottleroast and @polsia. 00:00 What the best founders get right 02:59 How Tony discovered and invested in Slack 07:20 What made Blue Bottle Coffee different 13:25 Backing founders before they know exactly what they’ll build 16:32 How AI changes SaaS and company building 19:52 Building radically better customer experiences 22:44 Where the next great companies will come from 23:14 Concept-market fit before product-market fit 25:10 The early Fitbit thesis 28:00 How founders should allocate their money 31:46 Surviving when capital gets difficult 35:11 How much money should a startup raise? 35:22 Why AI founders are raising too much 41:00 Elon Musk, Palmer Luckey and founder control 41:45 Why companies need checks and balances 44:06 How big should a board be? 47:28 When a founder should stop being CEO 49:46 What founders who scale all the way have in common 50:16 The trait you cannot teach founders 50:45 SpaceX, Starlink and expanding into new markets
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Key moments worth a listen: 3:21 - Why the earliest stage gets overlooked as capital concentrates 5:41 - When anyone can build an MVP, why True looks for a founder “spike” 7:46 - How @ Fitbit and @ Peloton took True into hardware, a market it wasn’t looking for 21:03 - What a first pitch needs: the founder’s “why” and a market narrative over a market number 30:49 - Choosing between term sheets: why the investor relationship is like a marriage 44:16 - The founder trait Puneet finds most predictive: product sense
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