Red Swan Ventures

Investment decisions are driven by the three co-founders: Andy Dunn, Juliet de Baubigny, and Brett Gibson. Their working relationship predates the firm by nearly two decades, combining operating experience at Bonobos, Artsy, and D.E. Shaw with venture capital expertise from firms including Lerer Hippeau, FirstMark, and Flybridge. The firm does not publicly detail the mechanics of its investment committee or voting process.

Red Swan's sourcing is built on nearly two decades of operating and investing relationships formed by its co-founders. Andy Dunn's Bonobos network provides connectivity to direct-to-consumer and commerce founders, while Juliet de Baubigny's tenure at Artsy and D.E. Shaw brings access to the art-meets-technology intersection and quantitative talent pools. Brett Gibson adds early-stage community reach from his years at Lerer Hippeau, FirstMark, and Flybridge, concentrated in New York and broader US ecosystems.

Red Swan operates as a traditional pre-seed and seed-stage venture capital firm, not a family office. It makes equity investments from a pooled fund structure, as opposed to managing a single family's capital. One of its co-founders, Brett Gibson, also operates Spring Ventures, which appears to be a separate, parallel investment vehicle.

Public information describes Red Swan as a direct investor that aims to provide a founder's 'first outside capital' at the pre-seed and seed stages. The firm's materials do not mention any fund-of-funds or LP activity, suggesting the strategy is exclusively direct equity investment into companies. No track record of making commitments as a limited partner in other venture funds has been disclosed.

Red Swan targets the earliest possible entry point, describing its focus as 'pre-seed and seed stage venture capital.' It explicitly aims to be a founder's first outside capital check. The firm does not indicate any activity in Series A or later-stage follow-on rounds, keeping its deployment concentrated on initial formation and early scaling.