Dan Teran shares Gutter Capitals challenge of closing its first fund

News Summary

  • Gutter Capital, a New York venture capital firm, closed on $25 million in capital commitments for its first fund to invest in pre-seed and seed stage companies focused on affordability, economic mobility and climate change.Founding partners Dan Teran and James Gettinger met while students at Johns Hopkins University.
  • Richard and I are able to partner on recruiting key leadership roles and really help our founders amplify their reach to get top talent into the portfolio.”Meanwhile, the firm has already begun raising for its second fund.Dry powder versus wet powder: The numbers have spoken
  • We’ve covered the dry powder that venture capital firms are sitting on and also how difficult it is to raise funding in this economic environment.
  • “I thought that having a successful exit behind me would be easier, so I was kind of surprised at how little credit you get for that.”He explained that when pitching as a founder, you share the vision of the company and can show what you are building.
  • “One thing I hadn’t accounted for is everyone pitches the exact same thing when you’re raising a venture fund.
  • Prior to starting Gutter Capital, Teran started his first company, Managed by Q, which automated office management.
Gutter Capital, a New York venture capital firm, closed on $25 million in capital commitments for its first fund to invest in preseed and seed stage companies focused on affordability, economic mobi [+4804 chars]