Les Craig is a former CIA officer turned venture capitalist at Next Frontier Capital who brings a national security lens to assessing founders and technologies, which is unusual in mainstream VC. He's also known as one of the visible evangelists for building venture-scale companies specifically in Montana and the broader Northern Rockies region, hosting "Found in the Rockies" podcast and regularly speaking about investing strategies for the Mountain West.
What they've been talking about across their social media accounts

- Dedication to the Rocky Mountain and Pacific Northwest startup ecosystems. There is a strong emphasis on building and supporting tech communities outside traditional coastal hubs, specifically highlighting companies, events, and venture capital activity in places like Montana, Idaho, and Utah. For example, organizing a massive gathering of emerging venture capitalists right in Montana to elevate the local startup ecosystem.
- Amplifying the personal stories of regional entrepreneurs through a dedicated podcast. The focus is heavily on celebrating founder resilience, diversity, and vision rather than strictly focusing on business metrics or revenue. For instance, dedicating an episode to showcasing the insightful journey of a Polynesian tech founder building a data company in Utah.
- Deep personal ties to military service and the veteran community. Having graduated from a military academy and served in combat, there is a clear appreciation for camaraderie, enduring purpose, and shared history. This is evident when warmly recalling watching college football while deployed to Afghanistan, or when pausing to honor the life and passing of a centenarian World War Two veteran.
- Advocating for mental wellness among startup founders and venture capitalists. There is a deeply transparent approach to discussing psychological health, framing it as a crucial conversation for everyone in the high stress startup world. A poignant example is openly sharing personal struggles with post combat mental health and recommending a transformative book on brain energy that provided a clear path to lifelong healing.
- Enthusiasm for applied artificial intelligence and specialized technology solving complex real world problems. There is a distinct interest in how innovative tools can revolutionize legacy or highly impactful industries. An example is praising a founder who leverages conversational artificial intelligence to supercharge much needed solutions within healthcare and senior living facilities.
About their Fund
Sectors
SaaS, AI, Cybersecurity, Climate, Deeptech / Hardware
Rounds
Seed - Series A
Avg Check Size
$2M - $5M
Notable Investments
Next Frontier Capital was founded explicitly to "bring venture capital to the frontier" by relocating from the Bay Area to Bozeman, with the mission of building a venture ecosystem in Montana and the wider Mountain West rather than operating as a satellite office of a coastal fund. The firm has played a catalytic role in transforming Montana from a state with roughly $3M of annual venture funding in 2014 into a "venture engine" and is frequently cited in national media as emblematic of the broader movement of venture capital "leaving the coasts" to fund inland startups.
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Popular Investors
investor name
Active in
Rounds
Avg. Check
Links
Deeptech / Hardware
Robotics
Biotech
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12
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Unknown
Pre-Seed - Seed
Unknown
$400K - $2M
Unknown
Defense
Deeptech / Hardware
Energy
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7
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Unknown
Pre-Seed - Series A
Unknown
$100K - $5M
Unknown
Defense
Deeptech / Hardware
Energy
+
7
View more in profile...
Unknown
Pre-Seed - Series A
Unknown
$100K - $5M
Unknown
Biotech
Health
Deeptech / Hardware
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2
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Unknown
Pre-Seed - Seed
Unknown
$250K - $2M
Unknown
Climate
Deeptech / Hardware
Materials
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4
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Unknown
Pre-Seed - Seed
Unknown
$400K - $1.5M
Unknown
Deeptech / Hardware
Robotics
Biotech
+
7
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
$400K - $2M
Unknown
Deeptech / Hardware
Robotics
Biotech
+
2
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
~$750K
Unknown
Fintech
Deeptech / Hardware
Devtools
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2
View more in profile...
Unknown
Pre-Seed - Series A
Unknown
$250K-$1M
Unknown
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