# FirstMile Ventures

FirstMile Ventures is a Venture Capital based in Colorado Springs, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Colorado Springs, United States
- **Region:** North America
- **Address:** Colorado Springs, CO, United States
- **Founded:** 2014
- **Assets under management:** Undisclosed
- **Website:** firstmilevc.com
- **LinkedIn:** https://www.linkedin.com/company/firstmile-ventures

## Regulatory record

- **CRD number:** 311699
- **SEC file number:** 802-122044
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/311699

## About

FirstMile Ventures aims to be the first partner to founders building generational companies in the largest tech hubs outside the coasts—Colorado and Texas. They are a team of founders, operators, and investors who partner with companies that aspire to define their industry. They believe a direct partner-founder relationship is the best way to navigate the seed phase of a company.

## Sectors

- Enterprise Software
- Cybersecurity
- AI/ML
- Media & Entertainment
- Industrial Tech
- Infrastructure

## People

- Bill Miller — Partner
- Aaron Stachel — Partner
- Zaz Floreani — Partner

## Questions

### How does FirstMile Ventures source deal flow?

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.

### Does FirstMile Ventures participate in fund commitments or only direct deals?

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.

### Which sectors does FirstMile Ventures explicitly avoid?

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.

### What is FirstMile Ventures' known posture on follow-on reserves?

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.

## Related profiles

- [FirstMark Capital](https://altss.com/profile/firstmark-capital)
- [Firstminute Capital](https://altss.com/profile/firstminute-capital)

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Last updated: 2026-08-11T15:06:42.396Z

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