Venture Capital

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Flagstaff Ventures

Craig Weiss leads Flagstaff Ventures, a Scottsdale vehicle backing pre-seed consumer brands — half its portfolio companies are women-led.

Flagstaff Ventures logo

Flagstaff Ventures

Flagstaff Ventures is an early-stage consumer venture fund headquartered in Arizona that embraces the power of visionary entrepreneurs and their drive to challenge the status quo.

General information

Firm type

Venture Capital

Year founded

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Scottsdale

Corporate office

Scottsdale, AZ, United States

Principals

Craig Weiss

Founder

Andy Richman

Partner

Michael Ambrosino

Partner

Abbey Ross

Chief of Staff

Robert Vera

Venture Partner

Jeff Weiss

Venture Partner

Dr. Dustin Burleson

Venture Partner

Sector focus

Consumer TechCPGFood & BeverageLegalTechHospitalityHealth & WellnessMarketplace & Platforms

Frequently asked questions

Who runs investment decisions at Flagstaff Ventures?

Founder Craig Weiss is the central decision-maker. He operates alongside Partners Andy Richman and Michael Ambrosino. The firm's website lists no separate investment committee, suggesting Weiss and his partners make calls collaboratively from a single office in Scottsdale.

How does Flagstaff Ventures source proprietary deal flow?

The firm leverages two unusual channels. First, it has a formal partnership with Grand Canyon University's Canyon Ventures Center, giving it access to a student accelerator program and a 100,000-student network. Second, it draws on Craig Weiss's personal and professional connections in Israel for international consumer-tech deal flow (per the firm's website).

Does Flagstaff Ventures invest in CPG or only in consumer technology?

Flagstaff invests across both CPG and consumer tech. Its known portfolio includes a premium French fry manufacturer and a boxed-wine brand — evidence the fund is equally comfortable with physical-product businesses as it is with marketplaces and platforms like Appointment Trader.

Where does the underlying wealth for Flagstaff Ventures come from?

The firm's capital scale is not publicly disclosed, and it operates as a venture fund rather than as a disclosed single-family office. Founder Craig Weiss's personal wealth appears to derive primarily from his tenure as CEO of NJOY, which achieved a $1 billion valuation and raised $200 million in equity (per the firm).

What is Flagstaff Ventures' posture on co-investments and follow-on funding?

Flagstaff focuses on leading pre-seed and seed rounds, and positions itself as a hands-on operator alongside founders. The firm has not publicly detailed a co-investment policy or disclosed formal LP syndication arrangements, though its fund structure suggests it reserves capital for follow-on investments within each vehicle's lifecycle.

Does Flagstaff Ventures maintain any philanthropic or separate operating entities?

No charitable foundation or separate operating company is disclosed on the firm's website. The firm's partnership with Grand Canyon University's Canyon Ventures Center is operational and educational, not philanthropic — it serves as a talent pipeline and accelerator rather than a grant-making arm.

What investment stages does Flagstaff Ventures target?

Flagstaff writes pre-seed and seed checks, explicitly embracing pre-revenue opportunities where it believes its talent-evaluation skills can surface high-reward ventures. The firm does not publicly indicate an appetite for growth-stage or late-stage rounds.

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