Investor profile

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Harrison Metal

Micro-fund

USB2B SaaSEnterpriseConsumerMarketplacesDevtoolsFintechHealthtech

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Investment thesis

Harrison Metal is a seed-stage venture capital firm founded in 2008 by Michael Dearing, a former eBay SVP and Stanford consulting professor. The firm backs early-stage technology startups — particularly in enterprise software, consumer internet, small business services, and developer tools — with a highly selective, high-touch approach. Dearing invests with a deep focus on 'management craft,' providing not just capital but hands-on operational mentorship to help founders achieve product-market fit and build enduring businesses. The firm's core belief is that exceptional founders with 'comparative advantage' — operators who have developed rare expertise inside large companies and can now build products that serve many companies at once — create the most durable and valuable startups.

Notable quotes

Bad management and leadership kills more startups than bad products. I look for people who have broken out of the bounds of normal for their peer group.

Michael Dearing · The Twenty Minute VC (20VC) podcast, transcript via simonsaysai.com

My investing wins have come from turning experts inside larger companies into founders of startups that serve many companies at once. I call it 'comparative advantage': like in global trade, in which some countries are just inherently better at producing a certain export, some founders are just better suited to build projects than what could be made inside a giant enterprise.

Michael Dearing · Forbes Midas List profile, forbes.com · 2019-04-02

I realized I was having the most fun of my career… I realized that this was actually a portfolio. A friend of mine, Jim Goetz at Sequoia Capital, said, 'You realize that you could do this full time?' and he started telling me about the gap he saw in the seed market, the space between inception of a company and their A-round.

Michael Dearing · The Twenty Minute VC (20VC) podcast, transcript via simonsaysai.com

Team

Michael Dearing

Founder & General Partner

B2B SaaSEnterpriseConsumerDevtoolsMarketplaces

Erik Rannala

Partner

B2B SaaSEnterprise

Recent investments

CompanyRoundSizeDate
CoreStorySeries A$32m2025-10-28
Vital InteractionSeries A$15m2024-01-01
JeliSeries A$15m2022-09-28
X1 CardSeries B$25m2022-07-01
CircleCISeed$2m2013-02-01
MasterClassSeries B$15m2016-07-01
PagerDutySeed
Guild EducationSeed$2m2015-09-01
FleetsmithSeed$3m2016-11-01
BirchboxSeed

Frequent co-investors

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