Small Town Cultures makes pitch
SARANAC LAKE — Point Positive Inc., an angel investor firm based in Saranac Lake, held a virtual pitch session on Wednesday, June 23, with 10 investors and entrepreneur Cori Deans, founder of Small Town Cultures.
Small Town Cultures is a woman-owned, family-based fermentation company located in Keene. As written in the Lake Placid News’ “Savor the Season” story, “Small town produce in Small Town Cultures,” Deans, a Lake Placid native, started fermenting food for herself when she was chronically ill with an autoimmune disease.
A decade later, Deans has a growing business of fermented products using a lacto-fermentation process and sources nearly all of the ingredients locally, at farms such as Juniper Hill and Fledging Crow.
Small Town Cultures is a self-funded business seeking an investment to help accelerate its marketing and operations as its products have been recently picked up by Whole Foods with other promising distribution opportunities on the horizon.
After the pitch session, a closed-door investor discussion took place. Post-meeting, the member investors will now complete a pitch evaluation sheet for the company. Point Positive will subsequently conduct an in-depth due diligence review of Small Town Culture’s proposal and projected funds use. If the outcome of that review is favorable, a deal will be structured, and all of the Point Positive investors will have the chance to participate on an individual basis in the deal. Decisions to invest or not are up to the investors.
Investors can lead, mentor, advise, or just monitor and invest on an individual basis.