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Pegasus Venture Fellow: Build Your VC Expertise

The Pegasus Venture Fellow program is a live, discussion-based experience designed to provide aspiring investors with education and real-world exposure to venture capital. Led by our founding partner, the program explores all facets of VC, equipping fellows with the tools and confidence to identify and back winning investments.

Comprehensive VC Education

Learn everything from sourcing deals and term sheets to fund construction and portfolio strategy.

Real-World Case Studies

Dive into actual startups, deals, and scenarios to understand the decision-making behind successful investments.

Hands-On Experience

Engage in weekly live virtual discussions with small groups to develop your investment thesis and hone your skills.

Build Your Track Record

Gain hands-on experience sourcing deals and analyzing opportunities to strengthen your credibility.

Develop a Unique Thesis

Craft and refine your investment thesis, then share it widely to establish your voice in the VC ecosystem.

Expand Your Network

Connect with fellow participants, mentors, and industry professionals to build relationships that accelerate your journey.

Perks & Benefits

  • 8 Week Course

    Learn how to evaluate and conduct due diligence on startups.

  • Certification

    Upon completing the course, you will receive an accredited LinkedIn-compatible certification.

  • VC Jobs

    Each week, we curate a fresh list of the latest venture capital job opportunities.

  • $1M+ Package

    Access a suite of perks, tools, and resources to help reduce burn and drive efficiency at every growth stage.

  • Events

    Each week, we share a curated list of industry events nationwide.

  • Scout

    Discover innovative startups.

  • Community

    Gain access to our growing private Slack community and expand your venture network.

  • Direct GP Access

    During each class, you’ll have exclusive access to our General Partner, who will answer any questions around VC!

  • Shadow Deals

    Have the opportunity to watch and listen to current due diligence calls.

  • Track Record

    As a scout, build a proven track record and showcase your potential to VCs.

  • Annual Event

    Ticket to our our annual event & VIP Reception the night before it starts!

  • 18k+ VC List

    Access our ecosystem map with over 18,000 VCs, angel groups, incubators, and accelerators.

  • Expert Edge

    After the course ends, enjoy continuing education with a bi-weekly QA and Coaching

  • Make Money

    Bring deals to us or our partners and earn a bonus.

  • Cold Review Decks

    Source pitch decks and observe expert investors give stream of thought, highlighting orange and red flags.

  • Directory

    Connect with and gain access to an exclusive community of talented peers nationwide.

  • Recognition

    Be listed on our website after graduation. and be featured on our social channels.

Who is this program for?

  • Individuals looking to join a Venture Capital Fund

  • Professionals looking to leverage their current expertise to transition into VC, angel investing, or advising startups

  • Entrepreneurs wanting to understand the other side of the table

  • Recent Grad and Undergrad Students seeking to learn the basics of the industry

What Our Fellows Say

Talin Aivazian

Cohort 1

Filippo Tirelli

Cohort 7

Ceyhun Aslan

Cohort 1

“ This case study style discussion is great and more impactful than covering basic VC educational topics in the session.  That basic knowledge can be obtained from independent reading or videos.”
— Pratik Mittal, Venture Fellow Session 3
“I just had an interview for a VC position and everything Lucas has been teaching us basically made that interview a breeze, and I got the offer letter today!”
— Sarah Rana, Venture Fellow Session 2

Meet Your Instructor

Lucas Pols is an accomplished angel investor, entrepreneur, and the host of the popular podcast VC Unfiltered. As the founder of Pegasus Angel Accelerator and Former President of Tech Coast Angels, Lucas has dedicated his career to mentoring aspiring investors and empowering early-stage startups. Lucas trains emerging venture capitalists through the Venture Fellow Program, equipping them with the tools and knowledge to make strategic, high-impact investments.

Lucas’s investment focus is centered on B2B SaaS, Climate Tech, and the Future of Work, with a keen eye for companies that show tangible traction at a distinct inflection point. His mentorship style is hands-on and strategic, drawing from years of successful investing and a robust network within the venture ecosystem.

The Venture Fellow Program reflects Lucas’s commitment to fostering the next generation of investors, providing them with the skills to identify and support the most promising founders. His practical, results-driven approach has made him a sought-after advisor and speaker in the startup world.

Venture Fellow Program Structure

Learn

8-Week Discussion based case studies led by our Founding Partner. Live virtual sessions in small groups.

Program Cost: $1995

Scout

Upon completing the program, you'll be invited to join our team as a scout.

Source your first successful deal and get a full refund of your $1995 program fee

Network

Our participants have different goals. We believe the network is the key to accomplishing these goals.

Attend nationwide events on behalf of Pegasus and leverage our fund and network for mutual value creation.

Weekly Program Syllabus

We use the curriculum below, paired with case studies of real startups, deals, and situations, to enable our Fellows to understand and take a stance on investment decisions now so that they can leverage this knowledge later.

Week 1: Startup vs Lifestyle & Growth Stages
Week 2: Entrepreneur Raising Capital, Sources
Week 3: Demystifying VC
Week 4: Sourcing Deals & Valuations
Week 5: Reviewing Deals
Week 6: Due Diligence: Management Team and Compensation
Week 7: Due Diligence: Go-To-Market Strategy, Technology & Financials
Week 8: Deal Terms & After Investment

Community Access + Events

Participants are admitted into our exclusive Slack network, which comprises our team, LPs, founders, emerging angels, and venture fellows.

Active participation is heavily encouraged.

For those in LA or who want to visit, we invite our Fellows to all Pegasus events, including pitch contests, VC meetups, and company events.

For events outside of LA and those where we need a presence, we forward invitations to events across the country for our Venture Fellows to represent Pegasus.

 FAQs

  • Our next cohort begins on January 13th, 2025, with classes held every Monday from 5–6 pm PST (8–9 pm EST). We’ve designed the schedule to accommodate work commitments, ensuring minimal disruption.

  • Our cohorts typically consist of 15-20 people, allowing us to create an intimate experience where everyone can actively participate.

  • Yes, every session is recorded and is viewable immediately after class.

  • Each week, participants can expect 30-45 minutes of pre-work, followed by a one-hour live session—totaling 1.5 to 2 hours per week.

  • About half of our investments to date have been sourced by fellows.

  • Each week we curate a list of Venture Jobs across the US and share with inside our community.

    We are happy to make referrals and introductions where we can.

  • We do not have participants do full deal memos when sourcing a deal.

    Sourcing is done through getting a startup to apply to the accelerator or making a direct introduction to our team. If we proceed with an initial screening call, we will invite you join us in the initial screening call.

  • We love referrals from inside our network, and we’re always happy to discuss the details and explore opportunities.

  • After the 8-week class, you are then invited to help scout and source deals and invited to our greater community. We also curate local events in your region, offering opportunities to connect, collaborate, and expand your network in the venture ecosystem.

  • Our Venture Fellow program has a unique model. We are not a siloed online curriculum and believe having conviction and challenging beliefs around real startups and real investment situations is the key to our program.

    Lastly, our main business is investing in startups and our incentive structure reflects that by pushing candidates to build their own track record.

  • Formally we invite you to source after the 8-week education. However, if you source an investment right away we will refund you. Further there is no cut off to sourcing.