First Mile Ventures is a venture capital firm that partners with companies aspiring to define their industry.

FirstMile Ventures

First Mile Ventures

Our mission is to be the first financial partner to founders building category-defining companies in Colorado and Texas. We are a generalist and partner-only firm with deep networks in our target geographies to help our founders scale from zero to 1.

Authomate

X-IO

Teltoo

Topbox

Kazan Networks

Kindara

Left Hand Robotics

Schultz's Gourmet

Shotzr

Open Road Snacks

Halp

Cloud Elements

Concealfab

At FirstMile Ventures, we're getting asked all the time how we are thinking about and investing in generative AI, so we assembled a great group of investors and entrepreneurs to talk about this over breakfast recently.  I captured the key points of that discussion in a post.

The TLDR was:
   -Most people, including us, believe that AI is going to have a meaningful impact across their personal and work lives.
   -Much like the PC in the 80's or Internet in the 90's, we believe that generative AI is going to power a wave of innovation.
   -Despite how powerful the AI platforms have become in a short period of time, it still takes work and expertise to get customer-ready work product out of them.  Michael Vaughan and Joel J. joined us to talk about how they are leveraging multiple AI platforms at The Regis Company.
   -We look at investing AI-related companies in three broad buckets:  platforms, tooling and applications. 

See the whole post below.

Excellent VC panel last week at the new impressive Denver co-working space Kiln! Was great seeing my friend / previous investor Aaron Stachel and meeting Andrea Guthrie, Maggie Rodney and Dalton Wright.

🌟 Join Us for an Evening of Insights and Networking at Kiln Littleton! 🌟

We're thrilled to invite you to the new Kiln Littleton for a special event on Funding Trends - Insights from the Venture Capital Community.

When: Thursday, July 25, 2024 · 4 PM - 6 PM
Where: Kiln Littleton, 2650 W Belleview Ave, Suite D-100, Littleton, CO 80123

Hosted by Kickstart Fund and Kiln, this event will feature an engaging panel discussion with leaders from the Denver venture capital community. Whether you're an investor, founder, entrepreneur, or business leader, this is your chance to gain valuable insights into the current funding environment and strategies for raising money at various stages of your business.

Featured Panelists:

Dalton Wright, General Partner, Kickstart Fund
Aaron Stachel, Partner, FirstMile Ventures
Chris Erickson, Co-Founder & Managing Partner, Range Ventures
Maggie Rodney, Principal, Massive

Moderated by our very own Andrea Guthrie, Chief Strategy Officer at Kiln, this panel promises to deliver a wealth of knowledge and practical advice. After the discussion, enjoy drinks and networking with some of the brightest minds in the industry.

Don't miss out on this opportunity to connect and learn from the best. Reserve your spot today: https://lnkd.in/dEzf-r3J

#VentureCapital #Networking #FundingTrends #KilnLittleton #Entrepreneurship #Innovation #DenverStartups #KickstartFund

Another great interview with a founder from our portfolio - Carm Huntress, CEO and Founder of Credo. A fun, insightful 4-minute read for your Friday...

Last week, we co-hosted an intimate founder-only dinner at Elizabeth Street Cafe with Gunderson Dettmer centered around founders using AI to build better solutions for customers. The evening was filled with insightful discussions about AI broadly; however, what truly stole the spotlight was the founders sharing strategies for leveraging AI across company operations for greater efficiency and effectiveness in areas like engineering and marketing. Special thanks to Zaz Floreani's co-hosts Wesley Watts and Ben Cukerbaum.

We are grateful to all who joined and contributed to the enriching dialogue! 
Peter Wang, Matthew Marx, Matt Pasienski, David Thul, Zack Angelo, James Beecham, and Seth Halpern.

#AI #FounderDinner #Gunderson #TechInnovation #FirstMile

Big News! Today we took a monumental step in bringing cardiac VBC to every corner of the United States. I'm thrilled to announce our one-of-a-kind partnership with Heartbeat Health. The combined value-based enterprise creates what is certainly the first and only end-to-end cardiac VBC solution.

The combination of Heartbeat Health's decentralized cardiovascular care and Karoo Health's VBC empowerment fills the needs of payers and at-risk entities nationally, allowing us to stand up markets and service the needs of millions of high-risk cardiac patients with unmatched speed and scale.

We have been hearing from numerous major payers eager to solve for cardiac spend; they now have that solution at their fingertips.

Jeffrey Wessler David Dempsey Jana M. Goldberg, MD, FACC Chris Glinski

https://lnkd.in/gh4_SU5t

Raising another in-between-round on a SAFE or note? Adding on to your last round with a new investor on a SAFE? Bridging yet again on a SAFE? These are not unusual situations founders face in today's tough startup funding environment. 

So our partner Zaz Floreani wanted to inject a bit of common sense into the conversation by reminding founders there are only 100 points on a cap table, AND when convertible instruments convert...they take up points. Check out our latest blog post: https://lnkd.in/eFhUxttK

Spoiler alert: SAFE conversions do NOT feel like Christmas in July for founders. Thanks to Carta for the latest SAFE usage data.

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