Gutter Capital

Founder and Managing Partner Dan Teran and Partner James Gettinger jointly lead investment decisions. Teran previously founded Managed by Q, an office management platform that sold to WeWork, and applies his operator experience to evaluating early-stage enterprise founders. The partnership remains deliberately small to maintain high-conviction underwriting.

Gutter Capital sources through Dan Teran's network of fellow operators who graduated from venture-backed startups into founding roles, combined with policy-community referrals that originate from the firm's relationship with a former senior government official's family office. The firm does not rely on a broad spray-and-pray top-of-funnel but instead cultivates deep relationships with founders tackling regulatory-heavy problems.

The firm writes first checks at the pre-seed and seed stages, occasionally following on into Series A rounds for its highest-performing portfolio companies. Gutter Capital prefers to lead or co-lead rounds where it can set terms and earn meaningful ownership in concentrated positions.

Gutter Capital explicitly stays away from consumer-facing apps, ad-supported business models, and hardware-heavy technologies. The firm focuses exclusively on enterprise software that addresses compliance, workforce, infrastructure, and data problems within regulated legacy industries.

Gutter Capital's anchor limited partner is a family office tied to a former senior government official, providing a patient capital base that does not pressure the firm to chase markups during overheated markets. This LP relationship creates a structural buffer against venture capital's typical boom-and-bust fundraising cycles.