Founded by Philip Anschutz, the firm owns entertainment centers and professional sports teams in the United States and Europe, and promotes concerts and other events. Anschutz Investment Company is known for its high activity in lead investments, often committing exits more frequently than other companies. The firm typically invests in startups that are 4-5 years old and has a preference for industries such as optical communication and music. While the fund has no specific favorite in terms of the number of founders in its portfolio startups, startups with three founders have a lower chance of being financed. The firm's typical investment range is between $10-50 million and it often participates in rounds with 5-6 participants.