About the Program

The PledgeLA Venture Capital Fellowship program prepares outstanding graduate students from underrepresented backgrounds for careers in venture capital investing. The program offers fellows:

  • 3 months of training in venture capital fundamentals including: VC Financial Modeling, Fund Structure & Economics, Sourcing, Funding Instruments & Cap Tables, and Investment Memos.
  • Hands-on experience in the due diligence and investment process
  • A full-time, 8-week summer internship at a Los Angeles venture capital firm with a stipend of $10K
  • Support with networking and career opportunities in the LA venture ecosystem

Timeline

December 15, 2024, at 11:59 PM PT

Priority Application Deadline

December 15, 2024, at 11:59 PM PT
January 5, 2025, at 11:59 PM PT

Final Application Deadline

January 5, 2025, at 11:59 PM PT
Late January 2025

Finalist Interviews

Late January 2025
Early February 2025

Cohort Selected & Notified

Early February 2025
February 21, April 11, May 30 (Fridays: 10 AM – 2 PM PT in Downtown LA)

In-Person Training Sessions

February 21, April 11, May 30 (Fridays: 10 AM – 2 PM PT in Downtown LA)
February 28, March 14, March 21, April 4, April 18, May 2, May 9 (Fridays: 10 AM – 12 PM PT)

Virtual Training Sessions

February 28, March 14, March 21, April 4, April 18, May 2, May 9 (Fridays: 10 AM – 12 PM PT)
June 16 to August 8, 2025

Summer Internship Placements at                        Los Angeles VC Firms

June 16 to August 8, 2025
June 27 & August 7, 2025

Summer Cohort Events

June 27 & August 7, 2025

Apply for the 2025 Cohort

Eligibility Requirements

  • Be a currently-enrolled graduate student (full or part-time).
  • Be based in Southern California, AND/OR have plans to continue your career in Los Angeles post-graduation.
  • Demonstrate eligibility to work in the U.S. (required for stipend payment).
  • Identify with a background not well-represented in VC (ex: women, Black, Latinx/e, LGBTQ+, low-income, veteran, etc.).
  • Demonstrate a serious interest in pursuing a career in venture capital and/or investing.

Attendance Requirements

  •  Attend and complete all virtual and in-person pre-training dates (Fridays: February – May, 2025).
  • Participate in an 8-week, full-time paid summer internship at a Los Angeles firm (June 16 to August 8, 2025).
  • Attend cohort summer gatherings (June & August 2025).

 

Application Deadlines

1. Priority Review DeadlineCandidates with a strong interest are encouraged to apply for our Priority Review deadline of December 15, 2024 at 11:59 PM PT. Submitting by the Priority Review deadline will allow us more time to review your application, but an interview is not guaranteed. 

2. Final DeadlineThe Final Review deadline for all other applications is January 5, 2025, at 11:59 PM PT.

Interested?

Learn more about eligibility criteria and application information for our 2023 program below.

Ready to Apply? Submit an interest form below by January 19th, 2024 at 5 PM PST.

PledgeLA, in collaboration with HBCUvc, launched four years of LA’s first-ever Venture Capital Internship program.

This in-person program provided promising students from backgrounds not well-represented in VC with tailored training and a 10-week, full-time paid summer experiential learning internship with some of the top VC firms in Los Angeles from 2019-2022. 

Alumni Highlights

Since 2019, PledgeLA has placed 70 interns at VC firms in LA. Of these, 53% are now working in VC or tech-related roles.

Past Host Firms

FAQ

Frequently asked questions about the VC Internship experience:

Yes – fellows are paid a stipend of $10,000 by their firms for the 8-week, full-time summer internship.

Yes. Because fellows are employed by our partner firms, international students must have received final authorization to work in the U.S. prior to the start of the program. Finalists will be asked to provide non-expired documents as proof of their eligibility to work in the U.S.

The spring 2025 training and the summer internship will take place in-person in Los Angeles. Fellows should plan to be based in the Los Angeles area for the duration of the program.

We are unable to provide additional funding to assist with transportation or housing expenses. Depending on their placement firm, some fellows may be permitted to work remotely or work a hybrid schedule that minimizes commuting.

No. While an interest in venture capital, startups, and supporting entrepreneurs is part of what we seek in candidates, no prior experience at a VC firm is required.

Most likely not. Unlike large internship programs at investment banks or consulting firms that hire cohorts of interns each fall, we are unable to guarantee that firms will hire for open roles after the program. However, many program alumni have leveraged this opportunity to advance their careers – securing roles at other venture firms, portfolio companies, and accelerators. Check out our alumni highlights above to see where our alums are now!

Requirements for Applicants

No prior experience in venture capital is required. Applicants should: have completed at least one year of college/community college before applying; be legally eligible to work in the U.S.; and be available for an in-person internship in Los Angeles in summer 2022.

This internship is intended for: 

  • Rising sophomores 
  • Juniors
  • Seniors
  • Recent college graduates (no more than 3 years after graduation)
  • Graduate students

As part of our mission to increase diversity, equity, and inclusion, we are intentional in our outreach to candidates who self-identify as a person of color, women, LGBTQIA, first-gen college students, persons with disabilities, and/or other underrepresented minorities.