Point Positive, Inc., held a virtual pitch session on June 23, 2021, with ten investors and entrepreneur Cori Deans, founder of Small Town Cultures.
Small Town Cultures is a woman-owned, family-based fermentation company located in Keene, NY. As written in the Lake Placid News, "Savor the Season: 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 them accelerate their marketing and operations as their products have been recently picked up by Whole Foods with other promising distribution opportunities on the horizon.
After this week's 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.
For more about Small Town Cultures: https://www.smalltowncultures.com
More About Point Positive Since 2014, the organization has vetted over 60 ventures from a wide range of industries, committing over $3.5 million in capital, fueling more than 135 new professional jobs to date, and a more robust diversified economy in the Adirondacks. Partnerships with regional colleges and universities such as Clarkson, NCCC, Paul Smith's, and SUNY Plattsburgh, as well as economic development organizations, other angel investment groups, and venture capital funds, further the effort through networking, relationships, and a collaborative approach creating jobs and building sustainable businesses to retain graduates and future generations in the Adirondacks.
