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HomeGuestsMatthew Sutton
Ashi DissanayakeShapol M.
Matthew Sutton

Matthew Sutton

Investor & Advisor

Backing frontier technology early

About

Matthew looks for founders before the company has a financial model or has appeared on any VC's radar.[1]Deeptech DecodedMatthew Sutton on founders before any VC radar, and Anthropic (41:14)Episode Increasingly he advises rather than invests, sometimes taking equity for the work.[2]Deeptech DecodedMatthew Sutton on building a thesis and advising for equity (19:33)Episode He spent about 12 years on Wall Street at Oppenheimer & Co and CIBC World Markets, finishing as a managing director, then left in 2007 for a private equity firm that bought half a dozen industrial manufacturing companies.[3]Deeptech DecodedMatthew Sutton on Wall Street, private equity and building Field X (00:29)Episode He has been on staff at Harvard Business School for around eight years, where he built the Field X course with Professor Randy Cohen and has worked with more than a thousand students coming through it.[3]Deeptech DecodedMatthew Sutton on Wall Street, private equity and building Field X (00:29)Episode He also advises Harvard Ventures.[4]Harvard VenturesOur advisorsCompany[3]Deeptech DecodedMatthew Sutton on Wall Street, private equity and building Field X (00:29)Episode

Episodes

  • Harvard & YC Insider: Backing the Builders in AI, Quantum & Defense — Matthew Sutton

    Jan 15, 20261h 36m
    Watch + transcriptYouTubeSpotifyApple Podcasts

The reasoning layer

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Newsletter

DD11 • The New ROI: Return on Involvement

DD11 • The New ROI: Return on Involvement

Most investors chase IRR. Matthew Sutton chases proximity.

SubstackJan 28, 2026

FAQ

Matthew Sutton is an early-stage investor and advisor in frontier technology, on staff at Harvard Business School, and an advisor to Harvard Ventures, which lists him as a private investor.[4]Harvard VenturesOur advisorsCompany[3]Deeptech DecodedMatthew Sutton on Wall Street, private equity and building Field X (00:29)Episode[2]Deeptech DecodedMatthew Sutton on building a thesis and advising for equity (19:33)Episode He spent his first career on Wall Street.[3]Deeptech DecodedMatthew Sutton on Wall Street, private equity and building Field X (00:29)Episode

The Harvard Business School entrepreneurship course he built with Professor Randy Cohen and has taught on staff for around eight years.[3]Deeptech DecodedMatthew Sutton on Wall Street, private equity and building Field X (00:29)Episode More than a thousand students have come through it, with guests including Jason Calacanis, Tim Draper and Kevin O'Leary.[3]Deeptech DecodedMatthew Sutton on Wall Street, private equity and building Field X (00:29)Episode

Signals that show up before anything else does.[5]Deeptech DecodedMatthew Sutton on super early stage signals (40:17)Episode He focuses on founders whose idea has not taken form yet and has no financial model attached.[1]Deeptech DecodedMatthew Sutton on founders before any VC radar, and Anthropic (41:14)Episode

He invests in and advises early-stage companies, with a focus on defense and AI, and met the Perseus founders through Y Combinator.[2]Deeptech DecodedMatthew Sutton on building a thesis and advising for equity (19:33)Episode[6]Deeptech DecodedMatthew Sutton on defense tech and Perseus (51:43)Episode

About 12 years on Wall Street at Oppenheimer & Co and CIBC World Markets, ending as a managing director, then roughly six years at a private equity firm buying industrial manufacturing companies.[3]Deeptech DecodedMatthew Sutton on Wall Street, private equity and building Field X (00:29)Episode

By investing time before money.[7]Deeptech DecodedMatthew Sutton on investing time before any transaction (26:17)Episode His stated approach is to understand what motivates someone and help where he can, whether or not a transaction ever follows, and increasingly to advise companies rather than write a check.[7]Deeptech DecodedMatthew Sutton on investing time before any transaction (26:17)Episode[2]Deeptech DecodedMatthew Sutton on building a thesis and advising for equity (19:33)Episode

In this episode

  • 0:29From politics and Wall Street to Harvard's Field X
  • 17:10The big defrag: how he builds an industry thesis
  • 28:03Passing on the team that went on to build Cursor
  • 31:41Backing a founder's will through near collapse to unicorn
  • 38:55The ten-second question about a founder's next company
  • 41:14Finding founders before they show up on any VC's radar
  • 51:43How he picks defense companies, and meeting Perseus at YC

References

Company and YC

  1. Harvard Ventures, Our advisorsAccessed Oct 23, 2026↩ab

Episode

  1. Matthew Sutton on founders before any VC radar, and Anthropic (41:14)↩ab
  2. Matthew Sutton on building a thesis and advising for equity (19:33)↩abcd
  3. Matthew Sutton on Wall Street, private equity and building Field X (00:29)↩abcdefgh
  4. Matthew Sutton on super early stage signals (40:17)↩
  5. Matthew Sutton on defense tech and Perseus (51:43)↩
  6. Matthew Sutton on investing time before any transaction (26:17)↩ab

Last updated Oct 23, 2026

Ashi DissanayakeShapol M.

Watch the episode

Jan 15, 20261h 36m
Watch + transcript
YouTubeSpotifyApple

On this page

  • About
  • Episodes
  • FAQ
  • References
  • Moments

Moments

  • 0:29

    From politics and Wall Street to Harvard's Field X

  • 17:10

    The big defrag: how he builds an industry thesis

  • 28:03

    Passing on the team that went on to build Cursor

  • 31:41

    Backing a founder's will through near collapse to unicorn

  • 38:55

    The ten-second question about a founder's next company

  • 41:14

    Finding founders before they show up on any VC's radar

See all 7 moments

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