2025 Venture Capital Research Intern

APPLICATION WINDOW:

Applications will not be reviewed until January. After January 1, applications will be reviewed on a rolling basis.

WHO WE ARE:

Anthos is a generalist venture capital firm with over $2.9B of assets under management.  Venture capital is what fuels new and innovative businesses, and – since our founding in 2007 – we’ve had the privilege of investing in and working with the founders of Guayaki, Gopuff, Olaplex, Trunk Club, ApplyBoard, VRChat, and dozens of other category-leading start-ups to build their businesses.  We purposely maintain a low profile, in keeping with our general ethos of humility and heads-down work ethic.  The background of our diverse team possesses a good balance across finance – Goldman Sachs, Luxor, Ares, Summit – and consumer tech – Google, Facebook, Instagram, Snap, Apple, Venmo, and more.

Interns have long been a core talent pipeline for us, with many converting to full-time roles and advancing over time.  While our program is highly selective, we welcome people from all walks of life, majors, schools, and passions to apply – and have found that our most successful interns share several common traits:  grit and focus, extreme curiosity, diligence, relentlessness, humility, and prescience.  If that describes you, we encourage you to apply!

ABOUT THE INTERNSHIP:

For over 10 years, Anthos has invited summer interns to join our team for a highly collaborative, well-supported, and fun experience.  Below are the details for our 2025 summer program:

• Strictly for rising Seniors

• 10 weeks, from June 9 to August 15

• $1500 sign-on bonus, and $1500 per week

• Paired with an experienced investor

• Office location in Santa Monica, CA

• Highly selective full-time analyst offers made at the conclusion of the program

• 1 full week of foundational training to get you and the other interns up-to-speed on VC and what an Anthos deal looks like

• A cohort of 4-6 other summer interns to work with and learn from

• Several social events to get to know the full Anthos team

• Open to those who are legally able to work in the U.S.

By the end of the summer, you will have made new friends and learned about what it means to be a Research Analyst at Anthos.

YOUR ROLE:

The Research team applies independent thinking and analytical rigor to make a recommendation on whether or not to invest in a proposed deal.  They take the Sourcing team’s ideas and turn them inside-out and upside-down to assess the financial viability of the investment.  Diving into unfamiliar industries and topics, the Research team needs to quickly get up-to-speed and become the resident expert, armed with the facts. As a Research intern, you’ll get to play a role in a full “due diligence” of a company or companies.

• Unbiased, methodical analyses.

  • Run quantitative analyses on key metrics such as customer acquisition cost, customer retention, growth ratios, and overall unit economics.

  • Perform research on overall industry trends, competitive landscape and dynamics, total addressable market size (TAM), etc. that may impact the prospects of companies.  This includes staying on top of news articles, government reports, equity research, market analysis, and trade journals.

• Data collection and generation.

  • Work with the Sourcing team and apply your own hypothesis-driven thinking to determine what additional data might help inform the decision.  

  • Chase down data through online research, using Anthos customer advisory groups, analyzing in-store pricing, etc.  Creativity is welcome, as long as we derive meaningful insights!

• Fact-finding interviews.

  • Determine which experts can shed additional light on a problem, and set up information-gathering calls.  

  • Speak with founders to get any “due diligence” questions answered.

• Development of recommendations supported by facts and data.

  • Pull together comprehensive data packs for the investment team to review for their decision-making.

  • Simplify complex analyses into digestible charts and summaries.

• Ad hoc projects to assist the broader Anthos team.

ABOUT YOU:

• Rising senior at a top university with a strong GPA and previous internship experience. Analytical or finance majors may be ideally positioned, but we’ve seen success across other majors.  Knowledge of SQL, Tableau, or other analytical tools is a plus.

• Financial ability and curiosity.  While advanced financial