Gutter Capital, an early-stage venture capital firm focused on affordability, economic mobility, and climate change, has closed its $25 million Fund I. Dan Teran, Founder of Managed by Q and former WeWork Executive, and James Gettinger, a computer scientist and former professional gambler, founded the company.
Gutter is backed by Union Square Ventures’ Fred Wilson, Hunter Walk and Satya Patel of Homebrew, as well as Eileen Murray, former Co-CEO of Bridgewater Group.
Among the fund’s limited partners are the founders of Bark, Casper, Honor, Olo, Envoy, Honor, and WeWork, as well as institutional investors Tiger Global, Bain Capital Ventures, FJ Labs, and Kapor Center Investments.
Teran and Gettinger met on the rugby field at Johns Hopkins University, where Teran was studying International Relations and Gettinger was studying Economics and Computer Science.
Teran founded his first company, Managed by Q, after college and was named to Forbes’ 30 under 30 and Crain’s 40 under 40 lists.
Teran sold the company to WeWork in 2019, and he went on to lead Global Corporate Development and Ventures after the acquisition. When his first business failed, Gettinger supported himself by gambling online, first with poker and then with daily fantasy sports.
Richard Hughes joins Teran and Gettinger as an Operating Partner. Hughes previously led talent acquisition at Primary Venture Partners, Alma, and Managed by Q, where he worked for over three years under Teran. Gutter Capital prioritizes the formation of strong founding teams.
In 2022, the firm supported 46 of the Gutter Capital portfolio’s 89 hires. “Teran stated that talent is destiny in startu. “Bad hiring decisions caused the most pain for me as a founder, so we help our founders avoid those costly mistakes.
Gutter Capital is a dedicated venture capital firm based in New York City. Gutter works with mission-driven founders to build companies that address society’s most pressing issues, such as affordability, economic mobility, and climate change.