Anaconda equivalent of "setup.py develop"

There is also conda develop available now.

http://conda.pydata.org/docs/commands/build/conda-develop.html

Update in 2019: conda develop hasn't been maintained and is not recommended. See https://github.com/conda/conda-build/issues/1992

Recommendation is to use python setup.py develop or pip install -e .

Using either of those will work with Anaconda. Make sure that you have pip or setuptools installed into the conda environment you want to install into, and that you have it activated.