Palm Drive Capital is a New York City based venture capital fund focused on software, internet and blockchain investments in the US and globally. We focus on early stage investments into startups with proven product-market fit; our “sweet spot” is the Series A round. Our portfolio companies include Jet.com, Boom Supersonic, Carta and Rappi. Our blockchain portfolio includes Paradigm, Matrixport, BitMain, Boba Network, and Highstreet. The partners met at Stanford over a decade ago and have obtained backing across three funds of increasing size. Our funds have some of the best returns in the industry, and 19 of our portfolio companies have reached unicorn status with a valuation of $1bn or more.
Position Overview
We’ve worked with ~50 interns across 10 classes since 2018. According to our post-program survey, our interns unanimously love the program. You can find testimonials here (https://palmdrive.vc/blog/) by searching for “Analyst Spotlight.”
The internship includes a two week training program to build your foundation in venture capital investing and 10+ weeks of hands-on experience across all functions of the business: sourcing, investment decision-making, due diligence, etc. This internship is a good starting point to explore a career in technology, startups, investment banking, private equity, consulting, and of course venture capital.
Responsibilities
- Identify attractive investment opportunities and meet with relevant entrepreneurs
- Attend and participate in weekly investment committee meetings
- Market research, portfolio company support, and deal sourcing
- All stages of due diligence including returns modeling, financial statement analysis, etc.
- Help create presentations for investors, portfolio companies, and founders
- Attend and occasionally help organize technology and investment-related conferences and events
Requirements
- Academic success
- Critical thinking skills
- Communications skills
- Work ethic and initiative
- Relevant work experience (either tech, startups, finance, investing, or business)
- Familiarity with business and financial concepts is a plus
- Familiarity with computer science and engineering is a plus
Benefits
Position Overview
We’ve worked with ~50 interns across 10 classes since 2018. According to our post-program survey, our interns unanimously love the program. You can find testimonials here (https://palmdrive.vc/blog/) by searching for “Analyst Spotlight.”
The internship includes a two week training program to build your foundation in venture capital investing and 10+ weeks of hands-on experience across all functions of the business: sourcing, investment decision-making, due diligence, etc. This internship is a good starting point to explore a career in technology, startups, investment banking, private equity, consulting, and of course venture capital.
Past Palm Drive interns enjoy stellar career trajectories after their internship. Here is a breakdown of full-time job industries (along with a selection of firms) for the 28 interns who have both completed our internship program and graduated college:
- Venture Capital 11%
- Palm Drive, Tech Stars, Silversmith
- Big Tech 14%
- Stripe, Amazon, Microsoft
- Consulting 18%
- Private Equity 7%
- Investment Banking 29%
- Bank of America Merrill Lynch, Jefferies, JP Morgan Chase
- Startup 14%
- Grad Student 7%
- Columbia Business School, Tsinghua University (graduate research)
We will provide you with monthly stipends, free lunch, and the opportunity to earn carried interest in the fund for completed deals. Virtually no other VC fund offers its interns carried interest bonuses for completed deals.
If interested, please apply here.
