AOL acquires Sphere

Congratulations to Tony and the entire Team at Sphere on the AOL acquisition. This is a spectacular accomplishment, and it is a testament to your outstanding efforts and creativity over the past few years.

Early on, you had the vision to correctly recognize the value of linking blog-based content with global mainstream media. You went on to build a powerful product to address this need and systematically signed up the world’s leading publishers as customers. Your customer list is long and distinguished, and it is one of the best that I am aware of in the Web 2.0 media market (AOL, CBS, CNN, NY Times, Reuters, WSJ, to name a few). You launched early and often, and you listened closely to market feedback, which many times influenced product and company direction. From the inside, your high product standards, dedication to customers, and truly remarkable ability to do more with less serve as incredible examples to entrepreneurs everywhere.

It has been a wonderful privilege to be an investor in Sphere.

From all of us at True, thank you and congratulations!!!