Retired VCs launch new fund

Veteran VCs Larry Mohr and Sal Gutierrez recently and quietly launched Retiro Venture Partners.

The Menlo Park, Calif.-based venture firm has raised at least $18.2 million from investors such as Makena Capital, according to a regulatory filing. The target amount of Retiro’s inaugural fund is unknown.

Neither Mohr nor Gutierrez responded to requests for comment. Retiro’s website (at www.retirovc) lists only the firm’s name and a phone number.

A VCJ reporter who visited Retiro’s office on Sand Hill Road was met by a diminutive older man who declined to identify himself. When asked about the firm, the man said: “We’re not talking to the press right now because we’re still out talking to people.”It appeared that the partners are in the process of moving in, as a piece of wall art was sitting on the floor.

Mohr co-founded Mohr Davidow Ventures (MDV) 25 years ago. He hasn’t been directly involved with MDV since 1995. He did a handful of angel deals earlier this decade, including LNL Technologies, SeeControl and ViaFone, but he was openly retired. An MDV spokeswoman said the firm was not involved with Retiro and knew nothing of its plans.

Gutierrez’s retirement came much more recently. He left Western Technology Investment at the end of 2007, after 20 years on the job. Before that, he held finance and marketing positions with Wells Fargo Bank and Imperial Bank. —Dan Primack and Alexander Haislip