Elbow Grease

Elbow
Grease

“Two or three brawny Fellows in a Corner, with mere Ink and Elbow-grease, do more Harm than an Hundred systematical Divines with their sweaty Preaching.”

- Andrew Marvell (1672)

A small-batch
founder-led accelerator in New York City

A small batch
founder-led
accelerator in
New York City

Elbow Grease is a hardworking accelerator by Gutter Capital. This is not a finishing school to teach you how to fundraise, this is where you come to build a business with people who've done it before. We embed with a small group of founders to recruit the team, deliver the product, close customers and otherwise do whatever it takes to build a company of consequence.

Small by design

10-15 teams

First-check

$300k

Follow-on opportunity

On location

10 weeks

Chinatown

NYC

Your Team

Partner

Mentor

Start

15 Sep

NOV 19

Graduation

Sponsors

About Elbow Grease

A different kind of accelerator, built for founders doing their life's work.

“We jumped at the opportunity to join Elbow Grease, not for the monetary aspect, but because Dan and James were some of the greatest operators that we knew from venture, who’ve actually executed on their businesses.”

Rohan Kumar

CEO of QUICKSECURE

MENTORS

A team that works for you

The Elbow Grease team is an experienced community of former founders who will work to understand your vision, and partner with you to turn it into a reality. You will work directly with Gutter partners Dan and James, and be matched 1:1 with a mentor who has either raised through Series B or navigated to a successful exit.

You will have access to the Gutter Capital bench of Operating Partners for help with recruiting, design, go-to-market, and more.

PAIRED

1 partner

1 MENTOR

Why Dan and James?

What it looks like when your investors roll up their sleeves.

How do I work with my mentor?

Founders who've been exactly where you are, here to help.

“Dan is our investor, but because he was once a founder, he has that founder mindset, and can really see things from our perspective and give us advice like he's in our shoes.”

Skylar Chen

CTO of JOYWORK

WORKSHOPS

A crash course in

pitching

company building

Attend workshops and office hours led by elite startup operators from the Gutter network, built to deliver immediate, practical value for early stage teams. Founders leave Elbow Grease with real results. Hire a lead engineer, launch a rebrand, close your first customers. If teams hit critical milestones, we often show up with a term sheet before you put together a deck. Building over pitching from day one. 

WEEKLY

1 workshop

Product & Design

Before you have a team, a budget, or a roadmap, you have design decisions to make—and the ones you make early are the hardest to undo. This workshop covers how to build a product that real users actually want to use, from first principles. Led by Vince Li Vince is Operating Partner and Head of Design at Gutter Capital, where he works directly with portfolio founders to build exceptional product and brand experiences. He served as Head of Design at Managed by Q, then co-founded Opus Training in 2020, one of Gutter's earliest investments. At Opus, he designed a mobile-first product that achieved a 4.9 App Store rating for an audience that software has historically underserved. Earlier in his career, Vince was a Senior Product Designer at Moat, which was acquired by Oracle.

Vince Li

AI-First Engineering

Speed is the real advantage in the age of AI—and the teams winning are the ones collapsing the loop between shipping, feedback, and learning. This workshop covers what it actually means to build an AI-first engineering organization, and why engineering discipline matters more than ever. Led by Jeff Silver Jeff is the co-founder and CTO of Opus Training, a mobile-first platform that trains and develops deskless workers at scale. He built Opus's AI-first engineering team from the ground up, including a translation system that achieves 95–99% accuracy across 100+ languages and an AI Content Builder that runs 20x faster than legacy solutions. Before Opus, Jeff worked at Managed by Q as an Engineering Manager.

Jeff Silver

Co-Founder Dynamics

Most co-founder conflicts don't start with a disagreement, they start with a blind spot. This workshop uses evidence-based personality science to help founding teams understand their own triggers, map their partner's tendencies, and build the tools to prevent conflict before it compounds. Led by Josh Lavine Josh is the co-founder of The Enneagram School and has coached founders, investors, and executives at leading startups and venture capital firms since 2019, specializing in co-founder dynamics. Before coaching, he led Learning & Development at FoodKick, a 200-person startup, where he drove employee NPS from 28 into the 60s and cut annualized turnover from 165% to 45% through a redesign of the employee experience. He has also worked across the venture ecosystem with firms including Emergence Capital, Vine Ventures, Human Ventures, and Gutter Capital.

Josh Lavine

Mission, Vision, Values

Company values are only as good as what you do with them. This workshop covers how to define values that are specific enough to matter, and how to operationalize them across recruiting, performance management, and every decision your company makes. Led by Dan Teran Dan is the co-founder and Managing Partner of Gutter Capital. In 2014, he co-founded Managed by Q, the first platform for workplace teams, where he served as CEO through its acquisition by WeWork for $220M in 2019. Before Managed by Q, Dan was a partner at prehype, the NYC venture studio behind BarkBox, Public, and Ro. He has been recognized by Forbes 30 Under 30, Crain's 40 Under 40, and Business Insider's Top 100 Seed Investors in 2023, 2024, and 2025.

Dan Teran

Early Stage Marketing

Most early-stage founders treat marketing as something that comes after product-market fit. This workshop makes the case for starting with positioning — and shows how to build the channels you own before spending a dollar on advertising. Led by Sarah Quirk Sarah is a fractional marketing leader with deep experience building marketing functions at early-stage companies. She spent four years at Managed by Q, rising from Email Marketing Manager to Head of Marketing while navigating two business model pivots, a complete rebrand, and an acquisition. Most recently she served as VP of Marketing at Northstar, where she helped win clients including Snap, Zoom, 23andMe, and NerdWallet. She has served on the leadership teams of two successful startup exits.

Sarah Quirk

Founder-Led Sales

Sales is a founder's number one job — regardless of background, and for longer than most expect. This workshop covers how to build and own the sales motion yourself before making a hire, how to use rejection as signal, and what patterns in "no" teach you that "maybe" never will. Led by Chris Thompson Chris is the co-founder and CRO of Bikky, where he's built the company's revenue function from scratch and closed landmark deals with Bojangles' (800 locations), MOD Pizza (500+ locations), and Dave's Hot Chicken. He has deep expertise in enterprise sales, building early-stage revenue teams, and turning data insights into outcomes that customers will pay for. Before Bikky, Chris served as VP of Revenue at Managed by Q through its $220M acquisition by WeWork, and spent years in sales leadership at SinglePlatform.

Chris Thompson

Risk & Decision-Making

Every decision a founder makes is a bet. This workshop draws on James's background as a professional gambler and early-stage investor to help founders think more clearly about risk, calibrate conviction, and make decisions under uncertainty without freezing Led by James Gettinger James is the co-founder and Managing Partner of Gutter Capital, with one of the more unusual backgrounds in venture. He holds a master's degree in Computer Science focused on AI, co-founded and served as CTO of a vertical SaaS company, and spent nearly a decade as a professional gambler, building proprietary software and systems that made him one of the biggest winners on DraftKings and FanDuel before retiring in 2020. He has invested in more than 100 early-stage companies as an angel investor.

James Gettinger

Day 1 Recruiting

Hiring is the highest-leverage decision an early-stage founder makes, and most get it wrong. This workshop covers how to build a rigorous hiring process, evaluate candidates before you extend an offer, and retain the people you bring on. Led by Richard Hughes Richard is Operating Partner and Head of Talent at Gutter Capital, where he has helped hire more than 100 engineers, designers, sellers, and marketers across the portfolio. His hiring systems consistently achieve 80% retention at 18 months, well above the industry standard. Before Gutter, Richard built recruiting and talent functions at Zocdoc, Managed by Q, and Primary Venture Partners. Richard also founded Ecotone Search, a retained search firm focused on early-stage companies.

Richard Hughes

Counsel in Residence

Legal isn't a workshop, it's a resource. Elbow Grease founders have direct access to Agatha Kluk, Partner at Orrick, who serves as in-house counsel throughout the program and is available to meet one-on-one as questions arise. Agatha Kluk is a Partner at Orrick in the Technology Companies Group, where she advises founders and growth-stage companies from formation and first capital through exit. She brings firsthand entrepreneurial experience to her practice. She founded her own firm, built it into a 12-lawyer boutique, and led its combination with Perkins Coie before joining Orrick. Her clients have included Goop, Better.com, and Drink Ghia, along with Gutter Capital and portfolio companies such as Forerunner. With experience across fintech, consumer, and AI industries, she's represented founders through dozens of exits and major rounds with Tiger Global, Sequoia Capital, and Andreessen Horowitz—giving her a unique vantage point on what actually works.

Agatha Kluk

How much support do I get?

A network that is tactical, hands-on, and there when it counts.

What can I expect to achieve?

Not a pitch deck. Real, measurable results in 10 weeks.

"Coming here, you have people that are experts in their fields, that are immediately extensions of your team, that are able to help you with all the different facets of starting an early stage company."

Blake Robertson

CEO of KEEPER SYSTEMS

SPEAKERS

Off-the-record conversations with industry insiders

Every week closes with a private, candid conversation with a technology leader in Gutter’s network. Hear the real stories of building fast-growing businesses from the perspectives of founders, operators, and investors and expand your network to industry luminaries in an intimate setting.

FIRESIDE chats

FOUNDERS ONLY

Kareem Amin

CEO

Kareem is the co-founder and CEO of Clay, an AI-powered GTM platform that helps companies use data to scale their growth. Clay serves over 10,000 customers including OpenAI, Google, Anthropic, Notion, and Ramp; has grown to $100M in ARR; and reached a $3.1B valuation in 2025. Before Clay, Kareem was VP of Product at The Wall Street Journal and co-founded Frame, which was acquired by Sailthru in 2012.

Kareem Amin

CEO

Kareem is the co-founder and CEO of Clay, an AI-powered GTM platform that helps companies use data to scale their growth. Clay serves over 10,000 customers including OpenAI, Google, Anthropic, Notion, and Ramp; has grown to $100M in ARR; and reached a $3.1B valuation in 2025. Before Clay, Kareem was VP of Product at The Wall Street Journal and co-founded Frame, which was acquired by Sailthru in 2012.

kate ryder

CEO

Kate is the founder and CEO of Maven, the world's largest virtual clinic for women's and family health. She founded the company in 2014 after watching friends struggle to find support while building their families, and has since grown it to cover over 17 million lives through employers and health plans including Amazon, Microsoft, and AT&T. Maven has raised more than $425M and was named to Fortune's 40 Under 40 and Fast Company's Most Creative People. Before Maven, Kate worked in venture capital and as a journalist for The Economist and The New Yorker, reporting from Southeast Asia, New York, and London.

kate ryder

CEO

Kate is the founder and CEO of Maven, the world's largest virtual clinic for women's and family health. She founded the company in 2014 after watching friends struggle to find support while building their families, and has since grown it to cover over 17 million lives through employers and health plans including Amazon, Microsoft, and AT&T. Maven has raised more than $425M and was named to Fortune's 40 Under 40 and Fast Company's Most Creative People. Before Maven, Kate worked in venture capital and as a journalist for The Economist and The New Yorker, reporting from Southeast Asia, New York, and London.

Scott Belsky

PARTNER

Scott founded Behance, the leading online platform for creative professionals, and served as its CEO until Adobe acquired the company in 2012. He spent over a decade at Adobe as Chief Product Officer and Chief Strategy Officer, overseeing the company's transformation to mobile, cloud, and AI and its growth from a ~$19B to ~$160B market cap. Today Scott is a Partner at A24 and founder of A24 Labs, and is an early investor and advisor in companies including Pinterest, Uber, Ramp, Airtable, Figma, and sweetgreen. He is the author of two books on company building, "Making Ideas Happen" and "The Messy Middle", and publishes Implications, a newsletter read by tens of thousands of product leaders and investors. Scott was an early investor in Managed by Q and has known Managing Partner Dan since 2014.

Scott Belsky

PARTNER

Scott founded Behance, the leading online platform for creative professionals, and served as its CEO until Adobe acquired the company in 2012. He spent over a decade at Adobe as Chief Product Officer and Chief Strategy Officer, overseeing the company's transformation to mobile, cloud, and AI and its growth from a ~$19B to ~$160B market cap. Today Scott is a Partner at A24 and founder of A24 Labs, and is an early investor and advisor in companies including Pinterest, Uber, Ramp, Airtable, Figma, and sweetgreen. He is the author of two books on company building, "Making Ideas Happen" and "The Messy Middle", and publishes Implications, a newsletter read by tens of thousands of product leaders and investors. Scott was an early investor in Managed by Q and has known Managing Partner Dan since 2014.

hunter walk

PARTNER

Hunter is a co-founder and partner at Homebrew, one of the most respected early-stage venture firms in technology, with a portfolio that includes Chime, Plaid, Gusto, Shield AI, and Cruise. He also co-founded Screendoor LP, which backs emerging venture firms building differentiated strategies based on their identities, networks, and lived experiences. Before Homebrew, Hunter spent nearly a decade at Google building products that scaled to over a billion users and over a billion dollars in revenue. We have known Hunter for over a decade, since he and his partner Satya Patel led the seed round of Managed by Q in 2014.

hunter walk

PARTNER

Hunter is a co-founder and partner at Homebrew, one of the most respected early-stage venture firms in technology, with a portfolio that includes Chime, Plaid, Gusto, Shield AI, and Cruise. He also co-founded Screendoor LP, which backs emerging venture firms building differentiated strategies based on their identities, networks, and lived experiences. Before Homebrew, Hunter spent nearly a decade at Google building products that scaled to over a billion users and over a billion dollars in revenue. We have known Hunter for over a decade, since he and his partner Satya Patel led the seed round of Managed by Q in 2014.

gokul rajaram

INVESTOR

Gokul is an investor and one of the most accomplished product leaders in technology, widely credited as the "Godfather of AdSense" for his foundational work at Google that led to its $1 billion ad business. Gokul went on to Facebook's ad business from $750 million to $6.5 billion. He has served as a product leader, operator, and board member at seven generational technology companies: Alphabet, Block, Coinbase, DoorDash, Meta, Pinterest, and The Trade Desk. He is a founding partner of venture capital firm Marathon Management Partners, and was also an early investor in companies including Airtable, Figma, Groq, Faire, Deel, Vercel, and Rubrik.

gokul rajaram

INVESTOR

Gokul is an investor and one of the most accomplished product leaders in technology, widely credited as the "Godfather of AdSense" for his foundational work at Google that led to its $1 billion ad business. Gokul went on to Facebook's ad business from $750 million to $6.5 billion. He has served as a product leader, operator, and board member at seven generational technology companies: Alphabet, Block, Coinbase, DoorDash, Meta, Pinterest, and The Trade Desk. He is a founding partner of venture capital firm Marathon Management Partners, and was also an early investor in companies including Airtable, Figma, Groq, Faire, Deel, Vercel, and Rubrik.

Julie menin

COUNCIL SPEAKER

Julie is the Speaker of the New York City Council and brings more than two decades of experience across public service, law, and entrepreneurship. Before becoming Speaker, she served three times as a City Commissioner, including as Commissioner of the NYC Department of Consumer Affairs and Commissioner of the Mayor's Office of Media and Entertainment. She founded Wall Street Rising, a nonprofit that helped lead the recovery of Lower Manhattan following 9/11. In 1999, she opened and operated Vine, a restaurant and catering business in Lower Manhattan.

Julie menin

COUNCIL SPEAKER

Julie is the Speaker of the New York City Council and brings more than two decades of experience across public service, law, and entrepreneurship. Before becoming Speaker, she served three times as a City Commissioner, including as Commissioner of the NYC Department of Consumer Affairs and Commissioner of the Mayor's Office of Media and Entertainment. She founded Wall Street Rising, a nonprofit that helped lead the recovery of Lower Manhattan following 9/11. In 1999, she opened and operated Vine, a restaurant and catering business in Lower Manhattan.

Neil blumenthal

CEO

Neil is the co-founder and co-CEO of Warby Parker, the direct-to-consumer eyewear brand that is one of the most successful socially conscious businesses. The public company now does nearly $800 million in annual revenue across 275 stores. Since day one, the mission-driven brand has distributed over 13 million pairs of glasses through its Buy a Pair, Give a Pair program. Before co-founding Warby Parker in 2010, Neil served as director of VisionSpring, a nonprofit that trains low-income entrepreneurs in developing countries to sell affordable eyewear. He is a general partner at Good Friends LLC, an early-stage venture firm, and serves on the boards of Allbirds and sweetgreen.

Neil blumenthal

CEO

Neil is the co-founder and co-CEO of Warby Parker, the direct-to-consumer eyewear brand that is one of the most successful socially conscious businesses. The public company now does nearly $800 million in annual revenue across 275 stores. Since day one, the mission-driven brand has distributed over 13 million pairs of glasses through its Buy a Pair, Give a Pair program. Before co-founding Warby Parker in 2010, Neil served as director of VisionSpring, a nonprofit that trains low-income entrepreneurs in developing countries to sell affordable eyewear. He is a general partner at Good Friends LLC, an early-stage venture firm, and serves on the boards of Allbirds and sweetgreen.

Peter Burchhardt

founder, Expressvpn

Peter Burchhardt

founder, Expressvpn

GUTTER HQ

10 weeks in the heart of NYC

Elbow Grease founders join the Gutter community at the center of New York City's thriving tech scene. You will work alongside 80+ founders and operators at Gutter HQ on Canal Street in Chinatown. You can expect the unexpected at Elbow Grease, from after hours access to New York's storied cultural institutions to a private tour of City Hall. After 10 weeks of Elbow Grease, you'll feel like a New Yorker for life.

Start

15 Sep

NOV 19

GRADUATION

Why build in New York City?

Everything the office and city have to offer new companies.

"When I hired our first engineer, I told him, drop what you're doing. You have to move to New York. You have to come join this program with me, because it is something special to be around all these other startups that are building the future."

Taylor Sandusky

CEO of PUNCH

ABOUT GUTTER

Backing exceptional founders tackling tough problems

Elbow Grease is an accelerator by Gutter Capital. Gutter Capital was founded in 2021 to help mission-driven founders build companies of consequence. We are small by design. We make a few investments each year to give us the time and space to work closely with founders.

FAQ

Frequently asked questions

Who should apply?

We invite any founding team to apply, so long as you’ve found a problem worth devoting your career to solving.

How much do you invest?

We will invest $300,000 on a post-money YC SAFE.

What are the terms of your investment?

Our standard terms are $300,000 invested for 9% ownership.

Do you charge fees or take additional equity?

No.

Do I need to have a co-founder to apply?

No. We are open to solo founders, and in some cases can help you to recruit a co-founder if that is what you are looking for.

Can I apply if I’ve already raised capital?

Yes. Anyone is welcome to apply, however we are unlikely to seriously consider companies that have raised and burned more than $2M.

How many companies will you select?

We are aiming to select 10 to 15 companies, depending on applicant quality.

Who will I work with on your team?

You will work with the full Gutter Capital team. Each Elbow Grease company will be matched with a successful founder mentor, one Gutter partner (Dan or James), and receive ongoing support from Richard (Talent) and Vince (Design) as needed.

Do I need to be in New York City to apply?

No, however you do need to work out of the office in NYC at least 5 days a week during the program. If you have a special circumstance we are happy to discuss.

What are the program dates?

We plan to kick-off September 15, 2026. The program will last for 10 weeks in NYC, but Elbow Grease companies are welcome to continue working at Gutter HQ for as long as they like. We hope you’ll stay!

Do you provide housing?

No. The investment is meant to fund salaries and relocation costs, among other things.

What is the time commitment?

Founders should expect to be working on their startups a minimum of 60 hours a week during the program, because that is what it takes to succeed in our experience. We intend to keep Elbow Grease programming light but impactful, and should not take up more than 4 hours per week.

Do you fund competitive companies?

No. We will not fund companies that are competitive at the time we invest. We cannot control what happens once a company is funded, so it is possible that companies will pivot to operate in adjacent or competitive spaces.

Do you provide follow-on capital after the accelerator?

Yes. Our goal is for you to be successful enough at Elbow Grease to warrant a pre-seed investment from Gutter Capital of $1–2M. We will work closely with you to determine the milestones needed to warrant further investment.

PRESS

Several people are talking…

We'd rather build than talk. But when we do, here's what we've shared.

Upstarts Media

"Meet Elbow Grease, New York’s Scrappiest, Most Promising Startup Accelerator"

Upstarts Media embedded inside the first cohort of Elbow Grease, the early-stage accelerator from NYC's Gutter Capital, for an exclusive look at the program, from founder lunches to weekly team demos. The experience revealed a low-ego, hands-on program built on deep networks and long hours, which is reflective of the approach co-founders Dan Teran and James Gettinger take with their portfolio companies.The piece follows startups like QuickSecure, features speakers including Stripe's Claire Hughes Johnson, and charts early wins as applications open for Elbow Grease's second batch, which is backed by a fresh $75M Fund III.

ARTICLE

Upstarts Media

"Meet Elbow Grease, New York’s Scrappiest, Most Promising Startup Accelerator"

Upstarts Media embedded inside the first cohort of Elbow Grease, the early-stage accelerator from NYC's Gutter Capital, for an exclusive look at the program, from founder lunches to weekly team demos. The experience revealed a low-ego, hands-on program built on deep networks and long hours, which is reflective of the approach co-founders Dan Teran and James Gettinger take with their portfolio companies.The piece follows startups like QuickSecure, features speakers including Stripe's Claire Hughes Johnson, and charts early wins as applications open for Elbow Grease's second batch, which is backed by a fresh $75M Fund III.

ARTICLE

Upstarts Media

"Meet Elbow Grease, New York’s Scrappiest, Most Promising Startup Accelerator"

Upstarts Media embedded inside the first cohort of Elbow Grease, the early-stage accelerator from NYC's Gutter Capital, for an exclusive look at the program, from founder lunches to weekly team demos. The experience revealed a low-ego, hands-on program built on deep networks and long hours, which is reflective of the approach co-founders Dan Teran and James Gettinger take with their portfolio companies.The piece follows startups like QuickSecure, features speakers including Stripe's Claire Hughes Johnson, and charts early wins as applications open for Elbow Grease's second batch, which is backed by a fresh $75M Fund III.

ARTICLE

The Peel with Turner Novak

"Elbow Grease: NYC’s scrappiest accelerator"

Dan Teran shares the expansion of Elbow Grease, Gutter Capital's hands-on NYC accelerator, and its new $75M Fund III with Turner Novak on The Peel. Dan explains how, in an era when founders can hit $1M ARR without raising capital, early-stage VCs have to earn their seat at the table. That's why they created a different kind of accelerator for founders at the earliest stage of running their businss. Elbow Grease is a high-conviction, operator-led model run out of Gutter Capital's Chinatown offices. The program is small batch, offering 10-15 teams one-to-one mentorship from successful founders, weekly sessions with Dan and his co-founder and Managing Partner James Gettinger, and access to Gutter's team and network for tactical support, such as a recruiting engine that has placed 100+ people into portfolio companies.

PODCAST

The Peel with Turner Novak

"Elbow Grease: NYC’s scrappiest accelerator"

Dan Teran shares the expansion of Elbow Grease, Gutter Capital's hands-on NYC accelerator, and its new $75M Fund III with Turner Novak on The Peel. Dan explains how, in an era when founders can hit $1M ARR without raising capital, early-stage VCs have to earn their seat at the table. That's why they created a different kind of accelerator for founders at the earliest stage of running their businss. Elbow Grease is a high-conviction, operator-led model run out of Gutter Capital's Chinatown offices. The program is small batch, offering 10-15 teams one-to-one mentorship from successful founders, weekly sessions with Dan and his co-founder and Managing Partner James Gettinger, and access to Gutter's team and network for tactical support, such as a recruiting engine that has placed 100+ people into portfolio companies.

PODCAST

The Peel with Turner Novak

"Elbow Grease: NYC’s scrappiest accelerator"

Dan Teran shares the expansion of Elbow Grease, Gutter Capital's hands-on NYC accelerator, and its new $75M Fund III with Turner Novak on The Peel. Dan explains how, in an era when founders can hit $1M ARR without raising capital, early-stage VCs have to earn their seat at the table. That's why they created a different kind of accelerator for founders at the earliest stage of running their businss. Elbow Grease is a high-conviction, operator-led model run out of Gutter Capital's Chinatown offices. The program is small batch, offering 10-15 teams one-to-one mentorship from successful founders, weekly sessions with Dan and his co-founder and Managing Partner James Gettinger, and access to Gutter's team and network for tactical support, such as a recruiting engine that has placed 100+ people into portfolio companies.

PODCAST

Risk Takers

"James Gettinger, founding partner of Gutter Capital - one of the top preforming VC funds in the world."

James Gettinger traces his path from online poker and high-stakes daily fantasy sports (DFS) to venture capital on Risk Takers. James explains how the same data, simulation, and edge-hunting instincts that enabled him to win on FanDuel shape his investing approach. He favors a concentrated portfolio over the industry's "spray and pray" default. James details Gutter's origins with his co-founder Dan, why LP incentives push funds toward mediocrity, and how their NYC-based accelerator Elbow Grease extends the firm's hands-on approach to the earliest stage of company building.

PODCAST

Risk Takers

"James Gettinger, founding partner of Gutter Capital - one of the top preforming VC funds in the world."

James Gettinger traces his path from online poker and high-stakes daily fantasy sports (DFS) to venture capital on Risk Takers. James explains how the same data, simulation, and edge-hunting instincts that enabled him to win on FanDuel shape his investing approach. He favors a concentrated portfolio over the industry's "spray and pray" default. James details Gutter's origins with his co-founder Dan, why LP incentives push funds toward mediocrity, and how their NYC-based accelerator Elbow Grease extends the firm's hands-on approach to the earliest stage of company building.

PODCAST

Risk Takers

"James Gettinger, founding partner of Gutter Capital - one of the top preforming VC funds in the world."

James Gettinger traces his path from online poker and high-stakes daily fantasy sports (DFS) to venture capital on Risk Takers. James explains how the same data, simulation, and edge-hunting instincts that enabled him to win on FanDuel shape his investing approach. He favors a concentrated portfolio over the industry's "spray and pray" default. James details Gutter's origins with his co-founder Dan, why LP incentives push funds toward mediocrity, and how their NYC-based accelerator Elbow Grease extends the firm's hands-on approach to the earliest stage of company building.

PODCAST

Verticals

"What Investors Actually Look For in Founders"

Dan Teran and James Gettinger sit down for a deep dive on vertical AI and what it takes to win at the earliest stage of building a business. They share the frameworks they use to evaluate founders, why they back scrappy, "de-risked-on-paper" industry outsiders that most VCs overlook, and how narrative command and customer obsession separate great founders from the pack. Dan and James also share Gutter's origin story, their concentrated first-check strategy, and how their new NYC-based accelerator Elbow Grease helps early stage founders build their business into one of consequence in the AI era.

PODCAST

Verticals

"What Investors Actually Look For in Founders"

Dan Teran and James Gettinger sit down for a deep dive on vertical AI and what it takes to win at the earliest stage of building a business. They share the frameworks they use to evaluate founders, why they back scrappy, "de-risked-on-paper" industry outsiders that most VCs overlook, and how narrative command and customer obsession separate great founders from the pack. Dan and James also share Gutter's origin story, their concentrated first-check strategy, and how their new NYC-based accelerator Elbow Grease helps early stage founders build their business into one of consequence in the AI era.

PODCAST

Verticals

"What Investors Actually Look For in Founders"

Dan Teran and James Gettinger sit down for a deep dive on vertical AI and what it takes to win at the earliest stage of building a business. They share the frameworks they use to evaluate founders, why they back scrappy, "de-risked-on-paper" industry outsiders that most VCs overlook, and how narrative command and customer obsession separate great founders from the pack. Dan and James also share Gutter's origin story, their concentrated first-check strategy, and how their new NYC-based accelerator Elbow Grease helps early stage founders build their business into one of consequence in the AI era.

PODCAST

Not Another CEO

"The Best Deals Aren't the Hottest Deals"

Dan Teran sat down with David Politis on the Not Another CEO podcast to talk about what building a company actually costs. The conversation traces Dan's path from founding Managed by Q, where he scaled a team of nearly 1,000 frontline workers and gave equity to every employee, through the acquisition by WeWork and his transition to investor at Gutter Capital. Dan shares how great culture is built through systems rather than slogans, why the most resilient founders are the ones deeply connected to the problem they're solving, and how AI is changing the economics of getting a company off the ground. That change is why Dan and his co-founder James Gettinger launched Elbow Grease, a hands-on accelerator focused on building over pitching, for early stage founders.

PODCAST

Not Another CEO

"The Best Deals Aren't the Hottest Deals"

Dan Teran sat down with David Politis on the Not Another CEO podcast to talk about what building a company actually costs. The conversation traces Dan's path from founding Managed by Q, where he scaled a team of nearly 1,000 frontline workers and gave equity to every employee, through the acquisition by WeWork and his transition to investor at Gutter Capital. Dan shares how great culture is built through systems rather than slogans, why the most resilient founders are the ones deeply connected to the problem they're solving, and how AI is changing the economics of getting a company off the ground. That change is why Dan and his co-founder James Gettinger launched Elbow Grease, a hands-on accelerator focused on building over pitching, for early stage founders.

PODCAST

Not Another CEO

"The Best Deals Aren't the Hottest Deals"

Dan Teran sat down with David Politis on the Not Another CEO podcast to talk about what building a company actually costs. The conversation traces Dan's path from founding Managed by Q, where he scaled a team of nearly 1,000 frontline workers and gave equity to every employee, through the acquisition by WeWork and his transition to investor at Gutter Capital. Dan shares how great culture is built through systems rather than slogans, why the most resilient founders are the ones deeply connected to the problem they're solving, and how AI is changing the economics of getting a company off the ground. That change is why Dan and his co-founder James Gettinger launched Elbow Grease, a hands-on accelerator focused on building over pitching, for early stage founders.

PODCAST

Traded

"Gutter Capital Raises $75M Fund III As It Expands Its Hands-On Accelerator Model In New York"

Traded traces Dan Teran and James Gettinger's path from 110 angel investments to an early stage fund focused on working closely with a small group of companies. Their small-by-design approach has yielded strong results, with Fund I sitting in the top decile of its vintage and portfolio companies graduating from Seed to Series A at twice the industry average. Traded covers Gutter's case for New York as the next home for applied AI, what the firm looks for in founders, and why Teran believes first-time founders are undervalued in today's consensus-driven market. This is why Dan and James decided to launch Elbow Grease, a founder-led accelerator in the heart of New York City that is focused on helping early-stage founders build their business in the age of AI.

ARTICLE

Traded

"Gutter Capital Raises $75M Fund III As It Expands Its Hands-On Accelerator Model In New York"

Traded traces Dan Teran and James Gettinger's path from 110 angel investments to an early stage fund focused on working closely with a small group of companies. Their small-by-design approach has yielded strong results, with Fund I sitting in the top decile of its vintage and portfolio companies graduating from Seed to Series A at twice the industry average. Traded covers Gutter's case for New York as the next home for applied AI, what the firm looks for in founders, and why Teran believes first-time founders are undervalued in today's consensus-driven market. This is why Dan and James decided to launch Elbow Grease, a founder-led accelerator in the heart of New York City that is focused on helping early-stage founders build their business in the age of AI.

ARTICLE

Risk Reversal

"Meet the VCs Digging for Gold in The Gutter"

Dan Teran and James Gettinger joined Risk Reversal to talk about Gutter Capital's $75M Fund III and the second cohort of Elbow Grease. They trace Gutter's roots back to the 110+ angel investments they made and explain why the firm has stayed deliberately concentrated, rather than chasing scale. Dan shares what he learned building and selling Managed by Q to WeWork, and James talks through a decade he spent as a professional gambler and how that shaped a more quantitative approach to investing. The two make the case that venture has grown consensus-driven with rising seed prices andcapital piling into a handful of mega-funds, which has made it harder for non-traditional founders to raise. It's a clear look at why Gutter bets early and started its Elbow Grease accelerator to work hands-on with committed early-stage founders that don't fit the typical VC mold.

PODCAST

Risk Reversal

"Meet the VCs Digging for Gold in The Gutter"

Dan Teran and James Gettinger joined Risk Reversal to talk about Gutter Capital's $75M Fund III and the second cohort of Elbow Grease. They trace Gutter's roots back to the 110+ angel investments they made and explain why the firm has stayed deliberately concentrated, rather than chasing scale. Dan shares what he learned building and selling Managed by Q to WeWork, and James talks through a decade he spent as a professional gambler and how that shaped a more quantitative approach to investing. The two make the case that venture has grown consensus-driven with rising seed prices andcapital piling into a handful of mega-funds, which has made it harder for non-traditional founders to raise. It's a clear look at why Gutter bets early and started its Elbow Grease accelerator to work hands-on with committed early-stage founders that don't fit the typical VC mold.

PODCAST

Risk Reversal

"Meet the VCs Digging for Gold in The Gutter"

Dan Teran and James Gettinger joined Risk Reversal to talk about Gutter Capital's $75M Fund III and the second cohort of Elbow Grease. They trace Gutter's roots back to the 110+ angel investments they made and explain why the firm has stayed deliberately concentrated, rather than chasing scale. Dan shares what he learned building and selling Managed by Q to WeWork, and James talks through a decade he spent as a professional gambler and how that shaped a more quantitative approach to investing. The two make the case that venture has grown consensus-driven with rising seed prices andcapital piling into a handful of mega-funds, which has made it harder for non-traditional founders to raise. It's a clear look at why Gutter bets early and started its Elbow Grease accelerator to work hands-on with committed early-stage founders that don't fit the typical VC mold.

PODCAST

Unite AI

"Dan Teran, Co-Founder and Managing Partner of Gutter Capital"

Dan Teran sat down with Unite.AI to talk about building companies in the age of AI. He covers why venture has grown consensus-driven, what founders actually need now that AI has cut the cost of getting to a first product, and why operator support beats capital alone at the earliest stage. Dan also shares where he thinks startups go wrong scaling from Seed to Series A, and why founders with a real connection to the problem they're solving are built to outlast the market's swings. Elbow Grease, the firm's NYC-based accelerator program, is his hands-on answer to a market chasing the same deals and the same founders. The program, which is accepting applications for its second cohort, is backed by Gutter Capital's latest $75M Fund III.

ARTICLE

Unite AI

"Dan Teran, Co-Founder and Managing Partner of Gutter Capital"

Dan Teran sat down with Unite.AI to talk about building companies in the age of AI. He covers why venture has grown consensus-driven, what founders actually need now that AI has cut the cost of getting to a first product, and why operator support beats capital alone at the earliest stage. Dan also shares where he thinks startups go wrong scaling from Seed to Series A, and why founders with a real connection to the problem they're solving are built to outlast the market's swings. Elbow Grease, the firm's NYC-based accelerator program, is his hands-on answer to a market chasing the same deals and the same founders. The program, which is accepting applications for its second cohort, is backed by Gutter Capital's latest $75M Fund III.

ARTICLE

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