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.