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Pilot Mountain Ventures is a seed-stage venture capital firm based in New York City, founded by Steve Perricone. The firm specializes in investing in technology and medical devices, while also maintaining an industry-agnostic approach. Established to support scalable businesses, Pilot Mountain Ventures emphasizes the importance of ethical founders who are addressing real-world challenges. The firm aims to provide significant value beyond just capital, including business development support, strategic advice, and access to a strong recruiting network.
Currently, the firm operates with a focus on seed-stage investments, extending up to Series A. The firm has a portfolio that includes notable companies and has achieved successful exits, such as VietnamWorks and Leblon Cachaça. Despite the recent passing of Steve Perricone in 2023, the firm’s operational status remains uncertain, and its future direction is yet to be clarified.
Pilot Mountain Ventures primarily invests at the seed stage, extending its reach to Series A. The firm is committed to identifying and nurturing innovative startups that demonstrate potential for growth and impactful solutions in their respective markets. The investment strategy focuses on scalable businesses with ethical founders who are solving real problems. This approach ensures that the firm not only provides capital but also meaningful value-add through business development partnerships, expert advice, and a strong recruiting network.
While the firm invests across various sectors, its primary focus areas include technology and medical devices. The firm seeks startups that exhibit low costs and foreseeable exits, aligning with its goal of supporting founders who are addressing significant challenges. Pilot Mountain Ventures emphasizes the importance of ethical practices in its investment decisions, ensuring that the companies it supports contribute positively to society.
Pilot Mountain Ventures has a diverse portfolio that includes five notable companies:
These companies reflect the firm’s commitment to investing in scalable businesses across various sectors, particularly in technology and medical devices.
Steve Perricone — Founder & Managing Partner. Steve has been an active angel investor since 1999 and previously served as Managing Director and Head of the Hedging & Monetization Group at Deutsche Bank. He co-founded Serrano Ventures in 2007 and was a board member of the University Settlement Society of New York. Steve Perricone passed away in 2023, leaving a legacy of investment in ethical and impactful startups.
To pitch Pilot Mountain Ventures, founders should prepare a concise and compelling pitch deck that outlines their business model, market opportunity, and team. While specific application channels are not provided, leveraging professional networks for introductions is recommended. Founders should expect a response time that varies based on the firm's current activity and workload.
Including information about the startup's ethical practices and real-world impact can enhance the pitch's effectiveness. Founders are encouraged to articulate how their business aligns with the firm's investment thesis and the value they bring to the market.
In 2023, Pilot Mountain Ventures faced a significant change with the passing of its founder and Managing Partner, Steve Perricone. His death has raised questions about the firm's operational status and future direction. The firm has not made any recent public announcements or updates regarding its activities or portfolio since this event.
What are Pilot Mountain Ventures' investment criteria?
Pilot Mountain Ventures focuses on seed-stage investments in scalable businesses led by ethical founders. The firm seeks startups that address real-world challenges and demonstrate potential for growth.
How can I apply or pitch to Pilot Mountain Ventures?
While specific application procedures are not detailed, founders are encouraged to reach out through professional networks or connections to the firm. A well-prepared pitch deck highlighting the startup's mission, market potential, and team is advisable.
What makes Pilot Mountain Ventures different from other firms?
The firm emphasizes providing significant value beyond capital, including business development support, strategic advice, and access to a strong recruiting network. This approach aims to ensure that founders receive the necessary resources to succeed.
What is the geographic scope of Pilot Mountain Ventures?
Pilot Mountain Ventures is based in New York City but invests globally, focusing on startups that align with its investment thesis regardless of location.
What is the typical check size for investments?
While specific check sizes are not disclosed, the firm primarily invests at the seed stage, which typically involves smaller initial investments compared to later-stage funding.
What kind of post-investment involvement can founders expect?
Pilot Mountain Ventures provides ongoing support through strategic advice, business development partnerships, and access to its recruiting network, ensuring that portfolio companies have the resources they need to grow.
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