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Altus StrategiesPenn · Est. 2025
Penn's student-run venture studio

We do the diligence, not the deck.

Three Wharton analysts spend a semester on one founder's hardest problem: market sizing from primary research, the financial model, a teardown ten companies deep, and customer interviews we run ourselves. Free, no equity. Four founders a fall.

Recent work: SphereUs · AllPeople · CultivatED · StackedHRPenn students: the work you'd actually do
Altus Strategies
Memo · Fall 2026
ToFounders raising in the next twelve months
FromThe analyst team at Altus Strategies, Penn
CcPenn students who want in (see For Students)
ReWhat we'd work on this fall

If your hardest question is worth twelve weeks of a team's time, here is the kind of work we'd put against it. You pick the problem. We bring the hours.

Market sizingprimary research, not Google
Financial modelsunit economics, pricing, scenarios
Competitive teardownsusually 10 to 15 companies deep
Customer researchwe run the interviews ourselves

From the files

View the work →
F-01
SphereUs

SphereUs

Market sizing and acquisition-target research.

F-02
AllPeople Marketplace

AllPeople Marketplace

Pre-seed financial model for a crowdfunding launch.

F-03
CultivatED

CultivatED

Go-to-market research for a scaling local startup.

F-04
StackedHR

StackedHR

Competitor analysis across emerging players.

Altus analysts presenting client research at a general body meeting
Analyst team presenting, Fall '25
“The learning experience of being part of a startup was very different from what I expected. It taught me a lot about adaptability and the basics of consulting.”
Analyst · StackedHR

Every engagement is published once the founder signs off, sensitive numbers redacted. Read them before you decide.

The Philadelphia skyline seen from Penn's campus in University City
Philadelphia · University City
Altus Strategies
Sign-off

Other clubs hand you a slide deck. We stick around.

For founders

Bring the question blocking your raise or your roadmap. If it's a fit, a team runs at it for a semester and hands you work you can put in front of investors.

For students

Run the research, build the model, present it to a founder who is betting real money on the answer. One semester, one startup, work you keep.