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Overview

AlleyCorp is a New York City-based venture studio founded by Kevin Ryan, widely known as the "Godfather of NYC tech." Unlike traditional venture capital firms that invest in existing startups, AlleyCorp starts companies from scratch with original ideas, internal teams, and shared resources. The studio originates the idea, hires the team, provides initial funding, launches the company, and maintains integral leadership throughout each company's lifecycle. In 2024, AlleyCorp raised $250 million in its first fund with outside LPs.

AlleyCorp's portfolio includes some of New York's most iconic technology companies: MongoDB (NASDAQ: MDB), Business Insider, Gilt Groupe, Zola, and Nomad Health. The studio was named the #1 Most Active Early-Stage Investor in HSBC's Annual Venture Healthcare Report.

Read the full overview

The fellowship provides exposure to the venture studio model, offering participants a front-row seat to company creation from concept through execution. Fellows work alongside AlleyCorp's team of operators on active projects spanning healthcare, enterprise technology, and consumer internet. The program is distinct from traditional VC fellowships in that fellows participate in building companies, not just evaluating investments.

Specific details about the fellowship's duration, compensation structure, and application process are not prominently featured on AlleyCorp's public-facing materials. Given the studio's NYC-centric model, in-person presence in New York is expected.

Investment focus

AlleyCorp's mission is to create and scale innovative companies from the ground up, leveraging original ideas and internal resources. The fellowship aims to immerse participants in this unique venture studio model, focusing on hands-on company building rather than traditional investment evaluation.

Program details

Applicants should demonstrate a strong interest in the venture studio model and be prepared for a full-time commitment in New York City.

Who it is for

Aspiring VCs, operators, and builders interested in the venture studio model. Specific academic or professional prerequisites are not publicly disclosed.

Check if you are eligible

Check your eligibility for AlleyCorp Fellowship

Admissions and application

The program is open to aspiring VCs, operators, and builders interested in the venture studio model. Applicants should be NYC-based or willing to be in New York.

Benefits

Participants gain hands-on experience in company building, exposure to Kevin Ryan's network, and access to AlleyCorp's healthcare and enterprise portfolio.

Timeline

The duration of the fellowship is likely summer or semester-length, but specific details are not disclosed.

What came of it

Specific fellowship alumni and outcomes are not publicly disclosed, but AlleyCorp has a track record of founding and scaling multiple billion-dollar companies.

How to go about it

  1. Read what it asks for

    Who can apply, how people get in and whether it is open right now.

  2. Have something to show

    Programs pick people whose work they can already point to. Put yours where it can be found.

  3. Apply the way the program asks

    The program has not published how to apply. Terms and dates change. Check the official page before you act.

What it pays

The fellowship offers a stipend, but specific compensation details are not publicly disclosed.

Questions about this program

What is the AlleyCorp Fellowship?

It is a program that provides hands-on experience in the venture studio model, allowing fellows to participate in building companies.

Who can apply?

The program is open to aspiring VCs, operators, and builders interested in the venture studio model.

About AlleyCorp

AlleyCorp

Venture Studio

Building and investing in transformative tech companies.

Lists that include this program

From public sources

What the sources say about AlleyCorp Fellowship

  • Kwabena Boateng's historical LinkedIn post, whose exact date is unverified, sought computer science PhD candidates for AlleyCorp Venture Fellows.

    Source: Kwabena Boateng’s Post

  • In a historical LinkedIn post labeled five years old at inspection, Kwabena Boateng described a six-month part-time AlleyCorp Venture Fellows cohort. The exact posting date is unverified.

    Source: Kwabena Boateng’s Post

  • On his undated personal website, Ben Taylor describes an AlleyCorp Venture Fellow role involving thesis evaluation and business planning for health tech incubations.

    Source: Ben Taylor

  • In April 2023, AlleyCorp announced that Venture Fellow Youssef Kalad would become an Associate in July after finishing his Wharton MBA; this was a planned transition.

    Source: AlleyCorp in Q1

  • In its April 10, 2023 newsletter, AlleyCorp reported that Youssef Kalad had been a Venture Fellow since 2022.

    Source: AlleyCorp in Q1

  • The November 2020 listing names Matt Weinberg as a program alumnus and describes principal at Max Ventures as the associated role. This is employer-attributed recruiting text preserved by Startup Jobs.

    Source: Venture Fellow at AlleyCorp

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