The P36 Fellowship
Six weeks on real ventures.
You draft the work. The core team reviews every line.
Rolling admissions.
Cohort 4 closes October 31.
Northwind Analytics, seed model
VC track, draft 2, week 3
| Annual recurring revenue | 1,200,000 | |
|---|---|---|
| Net revenue retention | 112% | 1 |
| Gross margin | 78% | |
| Monthly burn | (310,000) | 2 |
| Cash on hand | 4,650,000 | |
| Runway (months) | 15.0 | |
| Seed round | 3,000,000 | |
| Pre-money valuation | 12,000,000 | |
| Post-money valuation | 15,000,000 | |
| New investor ownership | 20.0% | 3 |
How it runs
Apply
Before the cohort
Resume and cover letter, a 15-minute interview, then a meeting with the CEO.
Onboarding
Week 1
Training on the models and tools. Assignment to a workstream.
Selected fellows activate a P36 Fellowship Membership.
Real ventures
Weeks 2–5
Five-day sprints and a daily standup. The core team reviews everything. No client contact.
Review
Week 6
Assessment against published criteria.
Workstreams
Venture capital
Live projects
Screening real companies, market sizing, financial models, and investment memos.
Consulting
Live projects
P&L analysis, margin reviews, and recommendations for real businesses.
M&A
Training-led
Case studies and practice deals: sourcing, quality of earnings, LBO models, and buyer memos.
Membership
What you get.
Modeling library
LBO, three-statement and real estate templates. Yours to keep.
P36 Edu AI suite
Prompts and parsers for financial analysis.
Analyst certificate
Issued by P36.Not an accredited qualification.
Alumni network
Opt-in profile shared with partner firms.
Fit
Who it suits.
- Finance and economics students
- Career switchers into private markets
- Law and business students
- Aspiring search fund operators
Questions
Is it paid? Does it cost anything?
It is unpaid. Selected fellows pay a one-time membership fee, reimbursed in full if you are offered an analyst role. Details are on the membership page.
What happens after six weeks?
You keep the templates and certificate. Analyst roles are filled by referral or for exceptional candidates, and a standout fellow may be offered one. These roles are commission-only, earnings are not guaranteed, and terms are agreed in writing first.
Will I work on real projects?
In the VC and consulting tracks, yes: you work directly on real projects, supervised and reviewed by the team. The M&A track is mostly training, built on case studies and practice deals.
How much time does it take?
Around 10–15 hours a week for six weeks.
Is it remote?
Yes. The Fellowship is fully remote.
Is the certificate accredited?
No. It is issued by P36.
Cohort 4 closes October 31.
Apply →