FirstMile Ventures

Investment decisions sit with the three named partners: Bill Miller, Aaron Stachel, and Zaz Floreani. The firm's public materials do not describe an investment committee layer or separate IC beyond the partnership itself, consistent with its small-team operator model.

FirstMile's sourcing strength is tied to its partners' backgrounds as founders and operators. The firm concentrates on Colorado and Texas, and its portfolio demonstrates founder relationships that originate at or before institutional seed rounds. There is no disclosed scout network or campus-ambassador program.

The firm has not publicly disclosed a formal fund structure or committed capital vehicle. Its website and available filings do not reference a closed-end fund, suggesting that either the entity invests off the partners' capital or operates with a set of discretionary separate accounts that have not been publicly announced.

Available portfolio evidence shows only direct company investments. No fund-of-funds activity or LP commitments to other venture managers appear in the firm's disclosed track record.

FirstMile does not publish a formal exclusion list, but the disclosed portfolio has no exposure to biotech, medical devices, or traditional industrial manufacturing. The firm's pattern of investment stays inside enterprise software, infrastructure technology, and data-layer companies, leaving consumer and hard-science verticals unrepresented.

No philanthropic foundation, donor-advised fund, or corporate-social-responsibility vehicle tied to FirstMile Ventures has been disclosed. The firm's public presence is limited to its commercial investment activities.

The firm has not published a formal reserve policy, but its concentrated partnership model and portfolio concentration suggest a high-engagement, reserve-heavy approach. Without a disclosed fund size or vehicle documentation, quantitative reserve ratios remain unverifiable.