---
title: 'Investment Analyst at Too Lost'
canonical: 'https://feeny.ai/job/investment-analyst-too-lost-los-angeles-z9w842j4gh7j'
type: 'job'
last_seen: '2026-09-14'
---

# Investment Analyst at Too Lost

- **Company:** Too Lost
- **Location:** Los Angeles, CA
- **Compensation:** $95k–$125k
- **Employment:** full-time
- **Work type:** hybrid
- **Posted:** 2026-08-20
- **Last confirmed live:** 2026-09-14
- **Apply:** https://jobs.lever.co/too-lost/b3af10d0-9e1b-45fd-9dce-504fd5967b68

## Job description

## The Role

Too Lost is seeking a Financial Analyst to be highly involved in the deal process as our company continues to grow.

You will be responsible for the evaluation and underwriting of music deals (catalog and frontline advances, acquisitions, etc.). Day to day, that means building and pressure-testing deal models and forecast assumptions, running royalty diligence, preparing materials that go to the C-suite and investment committee, and tracking how closed deals perform against underwriting.

This is a pure deal and investment role, not an A&R sourcing role. You are not expected to find or sign artists. You are expected to be the person in the room who knows what a deal is actually worth and why the model says what it says.

We are hiring at the Analyst through Senior Analyst level and will calibrate title, scope, and compensation to experience.

## What You'll Do

Underwriting and modeling

- Build DCF valuation models for catalog acquisitions, label deals, and artist advances, including decay curve construction, streaming forecast builds, and terminal value assumptions
- Model deal structures across their full mechanics: advance sizing, recoupment waterfalls, royalty splits, escalators, term and reversion, minimum guarantees, and earn-outs
- Run IRR, MOIC, and payback analysis across multiple structure scenarios; produce sensitivity and downside cases that show what actually breaks the deal

Diligence

- Perform royalty statement diligence: normalize statements across distributors and DSPs, tie reported income to underlying streaming data, and identify undisclosed leakage, misattribution, or unrecouped positions
- Verify ownership and rights: master vs. publishing splits, Schedule A and asset-level review, ISRC/UPC-level ownership confirmation, territory carve-outs, existing encumbrances, and producer or featured-artist obligations
- Analyze streaming and consumption data (Luminate, Spotify for Artists, Chartmetric, raw DSP reporting) to separate durable catalog income from promotional spikes, playlist dependence, and one-off virality
- Flag the diligence issues that change price, not just the ones that fill a checklist

Investment materials and portfolio

- Draft investment committee memos: thesis, valuation, structure, key risks, and recommendation
- Build the deal-specific analysis that supports negotiation, and sit in on negotiation to update the model in real time as terms move
- Maintain portfolio monitoring: actual vs. underwritten performance, recoupment tracking, and post-close variance analysis to identify any issues in collections or forecasts on every closed deal
- Support pipeline tracking and analytics infrastructure — help improve and build an efficient analysis framework

## What You Need

Required

- 2–5 years of proven analysis experience including underwriting and investment appraisal gained through a career in music finance, music investment, distribution, label finance, royalty administration, or investment banking / private credit with meaningful music or media exposure
- Demonstrated fluency in music industry economics- you understand how streaming revenue is actually generated, reported, and paid, and you know the difference between master and publishing income, gross and net receipts, distributor rates and label rates
- Advanced Excel modeling skills: you can build a multi-scenario deal model from scratch
- Strong numerical and analytical skills with the ability to interpret data, formulate opinions, and discuss the merits and weaknesses of potential investments for decision making purposes
- Strong communication and presentation skills, ensuring clear and accurate presentation of findings to stakeholders
- Ability to efficiently manage multiple projects and stakeholders within tight deadlines

Strongly preferred

- Direct experience with royalty statement data analysis
- Experience with Luminate, Chartmetric, or equivalent consumption data platforms
- Exposure to catalog M&A, music royalty funds, or private credit structures in music
- Familiarity with artist, songwriter, label, distributor and publishing agreements

## Why Work at Too Lost

We invest in our team with comprehensive benefits designed to support your health, growth, and creativity.

- 🏥 Health Insurance — Employer-provided health coverage via Anthem Blue Cross Blue Shield, plus Dental, Vision, and Life Insurance
- 💪 Wellness Packages — Up to $100/month toward gym memberships and wellness opportunities
- 🎵 Free Music Distribution — A free Too Lost account with unlimited music distribution, for life
- 🌴 Paid Time Off — Two weeks guaranteed PTO plus additional paid holidays
- 🎉 Events & Discounts — Company-sponsored events and partner discounts
- 🕐 Flexible Schedule — Flexible hours and remote roles available
- 💰 401(k) Plan — Participation in our available 401(k) plans
- 📈 Competitive Compensation — Competitive base salaries with opportunities for commissions and bonuses

## About Too Lost

## Company Overview
- **One-liner**: Too Lost is a global music and technology company that provides a comprehensive digital suite of distribution, publishing, monetization, and protection services for independent rights holders.
- **Entity Type**: Private (total funding $205.3M; latest round $150M led by TA Associates and GoldState Music in March 2026)
- **Headquarters**: New York, New York, United States
- **Founded**: Not publicly available (pre-seed round in August 2022 suggests founding around 2021-2022)
- **Founders**: Gregory Hirschhorn (CEO), Bjarki Larusson (CTO), Alex Silverstein (COO)

## Core Business
- **Primary industry**: Music technology, digital distribution, publishing administration
- **Target customers**: Independent musicians, record labels, studios, brands, funds, and platforms (B2B/B2C mix)
- **Mission**: To provide creators with the access, infrastructure, and tools required to build and scale successful music businesses while retaining full control of their rights and ownership.

## Products & Services
- **Too Lost Platform (SaaS)**: A comprehensive digital suite for distribution to 450+ stores and streaming services, publishing administration, sync licensing, royalty collection, and copyright protection. Includes analytics and rights management tools.

## Market Standing
- **Valuation/Market Cap**: Not disclosed
- **Key Metric**: Total funding of $205.3M; $150M+ paid to artists; 500K+ artist and label clients; 5M+ represented recordings
- **Notable Investors/Partners**: TA Associates (lead investor), GoldState Music, Sound Royalties, Pinnacle Financial Partners; member of A2IM, Merlin, RIAA, and Music Fights Fraud Alliance
- **Growth Signals**: Headcount of 73 employees (+31.1% YoY); 22 open positions across multiple locations (New York, Los Angeles, Reykjavík, Nashville, Miami, UK, LATAM, Asia); LinkedIn followers up 49.1% year-over-year

## Competitive Advantages
- **Independent focus**: Entirely dedicated to the independent music sector, allowing artists and labels to retain 100% ownership and control
- **Scale and reach**: 450+ integrated stores and services, global distribution with offices in the US and Iceland
- **Industry credibility**: Active membership in major trade organizations (A2IM, Merlin, RIAA) and anti-fraud alliances
- **Technology stack**: Proprietary SaaS infrastructure for rights management, royalty tracking, and data analytics

## Strategic Focus
- **Growth priorities**: Expanding global client acquisition (A&R managers in multiple regions), deepening DSP relationships, scaling engineering and cloud infrastructure, and building out the People team to support rapid headcount growth
- **Direction**: Continue to empower independent creators with enterprise-grade tools while maintaining independence and flexibility

## Why Work Here
- **Culture**: Motivated, committed team focused on empowering independent artists and labels; described as a "music and technology company" with a startup-like energy
- **Work policy**: Hybrid workspace (typically 4 days on-site in the office); remote roles available for certain positions
- **Offices**: New York (HQ), Los Angeles, Reykjavík – with remote possibilities across the US, UK, Latin America, and Asia
- **Notable perks**: Transparent salary ranges posted (e.g., $95k-$100k for Business Intelligence Analyst, $130k-$140k for Senior Full Stack Developer in NY, $50k-$56k for Recruiting Coordinator); engineering team in Reykjavík; opportunities to work across music, tech, and global markets

## Sources
1. [toolost.com/about](https://toolost.com/about)
2. [toolost.com/careers](https://toolost.com/careers)
3. [jobs.lever.co/too-lost](https://jobs.lever.co/too-lost)
4. [builtin.com/company/too-lost](https://builtin.com/company/too-lost)
5. [linkedin.com/company/too-lost](https://linkedin.com/company/too-lost)

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- [HR / People Coordinator](https://feeny.ai/job/hr-people-coordinator-too-lost-new-york-8gak81dvgt4r) — New York, NY
- [Customer Success Specialist](https://feeny.ai/job/customer-success-specialist-too-lost-los-angeles-81wscwdkjv71) — Los Angeles, CA
- [Junior Digital Marketing Manager](https://feeny.ai/job/junior-digital-marketing-manager-too-lost-los-angeles-q4pt199s78f7) — Los Angeles, CA
- [Digital Marketing Coordinator](https://feeny.ai/job/digital-marketing-coordinator-too-lost-los-angeles-4av149qmdt7z) — Los Angeles, CA
- [Operations Intern](https://feeny.ai/job/operations-intern-too-lost-new-york-tyamwttrp3pv) — New York, NY
- [A&R Research Intern](https://feeny.ai/job/a-r-research-intern-too-lost-los-angeles-sttxb42j0stt) — Los Angeles, CA
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