Dana Guthrie became the first Black woman in Wisconsin to raise an institutional venture capital fund, closing approximately $13–13.5M for Gateway Capital focused on the Milwaukee area after spending 12–13 years as a software engineer and product leader at Johnson Controls. She invests with an explicitly transparent style, sharing her actual spreadsheets and assumptions with founders to demystify venture math, while using a Money for Minnows strategy that spreads early capital across diverse technologies rather than concentrating in a single vertical. Dana Guthrie became the first Black woman in Wisconsin to raise an institutional venture capital fund, closing approximately $13–13.5M for Gateway Capital focused on the Milwaukee area after spending 12–13 years as a software engineer and product leader at Johnson Controls. She invests with an explicitly transparent style, sharing her actual spreadsheets and assumptions with founders to demystify venture math, while using a Money for Minnows strategy that spreads early capital across diverse technologies rather than concentrating in a single vertical.