Letter From Our Founders
Last year was an incredible year of learning for Venn. During the first six months of 2019 we made meaningful progress towards our global expansion goals. Then in the second half of the year, we focused on making the adjustments needed to become a truly global company.
From the very start, Venn has prioritized social impact alongside business growth. The results are now clear: the ‘double bottom line’ of financial & Social Return On Investments is possible. Across cities and cultures, our new form of community living is not only in demand, but is embraced.
As ever, we remain committed to a hyper-local, bottom-up approach, summarized by our founding principle: ‘If they build it, they will stay’. And today that is bearing out in our communities. Our neighborhoods are bringing people, businesses, and communities closer together; they’re generating higher levels of life satisfaction , reducing loneliness, and strengthening a sense of belonging among our members and all the while accelerating local economic growth.
Thus far we have done an impressive job meeting our impact goals, but there is so much more we can do — especially in regards to sustainability. Global events made all the more clear that climate change will wait for no one. In 2020, we will prioritize sustainability in Venn neighborhoods and ensure that it remains core to our business and community goals.
Last year, we also learned that fulfilling our vision of urban transformation will be more complicated and take longer than we thought. In 2020, we will invest more than ever in nurturing the micro-communities of our members at the same time that we invest in developing partnerships with small local businesses and grassroot organizations. Our goal is to connect roommates, then next door neighbors, and finally, entire neighborhoods. One relationship at a time, we will make our neighborhoods feel like home.
As we look back on 2019, we are humbled by the support and excitement our members, neighbors, employees, and investors have shown for Venn. And while we are proud of our work, it is ultimately most rewarding when we can share it with all of you. With that, we are extremely excited to share the Venn 2019 Impact Report. Please take a moment to review the stories, experiences, and successes highlighted in the pages below. In 2020, we look forward to continuing to transform urban living together.
David, Chen & Or