INTERNSHIP DETAILS
Intern / Working Student - Venture Building & Investments (m/f/d)
Company38Capital
LocationMunich
Work ModeOn Site
PostedDecember 21, 2025

Internship Information
Core Responsibilities
The intern will develop new business theses and analyze markets, problems, and customer segments. They will also prepare investment memos and participate in calls with experienced founders and investors.
Internship Type
intern
Company Size
Not specified
Visa Sponsorship
No
Language
English
Working Hours
40 hours
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About The Company
No description available for this Company.
About the Role
<p>ThirtyEight is not a traditional VC, not an accelerator, and not a consulting firm.</p>
<p>We are a venture & investment studio that builds and invests in companies from first thesis to real-world profitability.</p>
<p>We identify underestimated markets and emerging opportunities, turn them into clear business models, invest our own capital, and go deep operationally. Our focus is on real businesses with strong unit economics, not hype or pitch-deck theater.</p>
<p>At ThirtyEight, ideas don’t end up in folders — they get built.</p>
<h2 id="tasks">Tasks</h2>
<ul>
<li>Developing new business theses (bottom-up & top-down)</li>
<li>Analyzing markets, problems, and customer segments</li>
<li>Defining compelling value propositions</li>
<li>Building business cases and unit economics</li>
<li>Evaluating existing companies (buy-and-build, carve-outs, new ventures)</li>
<li>Preparing and joining calls & meetings with experienced founders, our venture partners, as well as investors & operators</li>
<li>Structuring ideas into investment memos, one-pagers, and decision frameworks</li>
</ul>
<h2 id="requirements">Requirements</h2>
<ul>
<li>Exceptional analytical thinking</li>
<li>Strong interest in entrepreneurship, investing, and business models</li>
<li>Ability to break down complex topics clearly and structurally</li>
<li>High personal standards - you want to work on things that matter</li>
<li>Prior VC experience not required - <strong>thinking beats résumé</strong></li>
</ul>
<h2 id="benefits">Benefits</h2>
<ul>
<li>Steep learning curve in a short time</li>
<li>Direct exposure to serial founders, CEOs & operator, professional investors</li>
<li>Responsibility from day one</li>
</ul>
<p>Deep insight into:</p>
<ul>
<li>market analysis</li>
<li>business model design</li>
<li>unit economics</li>
<li>investment decision-making</li>
</ul>
<p>Long-term opportunities to grow into:</p>
<ul>
<li>venture builder roles</li>
<li>investment roles</li>
<li>or co-founder positions in new ventures</li>
</ul>
Key Skills
Analytical ThinkingEntrepreneurshipInvestingBusiness ModelsMarket AnalysisValue PropositionsBusiness CasesUnit EconomicsInvestment Decision-Making
Categories
Finance & AccountingConsultingManagement & LeadershipData & Analytics
Benefits
Steep Learning CurveDirect Exposure to Serial FoundersResponsibility from Day OneDeep Insight into Market AnalysisBusiness Model DesignUnit EconomicsInvestment Decision-MakingLong-Term Opportunities
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Must-Have Skills for This Role
Analytical ThinkingEntrepreneurshipInvestingBusiness ModelsMarket Analysis
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0-2 Intern / Working Student - Venture Building & Investments (m/f/d)
Interview Prep Plan
1
Week 1:Technical Foundations2
Week 2:Analytical Thinking3
Week 3:System DesignFREE
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I am excited to apply for the Intern / Working Student - Venture Building & Investments (m/f/d) position. With my experience in Analytical Thinking and Entrepreneurship...
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