This is a remote position.
Harambeans Prosperity Fund Fellow
- Location:Global – remote with some travel to events in key markets
- Total Duration:12 weeks, with the option of extension
- Position:Unpaid volunteer
- Dates: Ongoing recruitment cycles
- Time Commitment: 10 hours per week
About the Harambe Entrepreneur AllianceHarambeans are African innovators who have pledged to “work together as one” to build Africa’s future. Over the last decade, Harambeans have spawned a series of tech-enabled unicorns such as Andela, Flutterwave, andGo1, which have collectively raised over $2 billion from Google Ventures, CRE Ventures, and Accel.
Learn More About Harambeans
- Wharton Grads Lead Prosperity Fund
- Harvard Business School Case Study on Harambeans
- Stanford Social Innovation Review Case Study on Harambeans
About the Harambeans Prosperity Fund
The Harambeans Prosperity Fund is a rules-based, co-investment vehicle aimed at accelerating the growth of Harambean-founded ventures and enabling Africa’s prosperity. As of 2024, the Harambeans Prosperity Fund has invested in 15 Harambean-led ventures including Max.NG, Releaf, and Pezesha.
Role Description
The Harambe Entrepreneur Alliance is seeking a Prosperity Fund Fellow to manage the rules-based system of the Prosperity Fund and deploy capital into ventures founded by Harambeans across Africa and sectors. You will be working with a lean, agile, and high-capacity team to manage deal flow and prepare investment memos for the Investment Advisory Committee, while refining the rules and documenting the evolution of our rules-based process.
This is an exciting opportunity to shape the next chapter of the Harambe Entrepreneur Alliance and enable its future success.
Responsibilities
The volunteer role requires 5 -10 hours a week, which includes weekly reporting and working calls.
Internal Administration and Coordination
- Attending Weekly Prosperity Fund Check-In Calls. The Prosperity Fund team has one weekly hour-long check-in call on Wednesdays to review applications and discuss other processes. Preparation for these calls is done on Monday.
Assessing Investment Opportunities
- Assessing, reviewing, and synthesizing investment opportunities (Harambeans Prosperity Fund applications) against the Prosperity Fund Rules
- Analyzing cap tables to ensure sufficient investment has been made from reputable co-investors. This will include assessing the reputability of the co-investors
- Analyzing financial information to confirm that the requisite growth metrics have been met
- Assessing investment opportunities for impact against the SDG goals
Due Diligence and Deal Execution Support
- Executing due diligence analysis on investment opportunities, including collaborating with co-investors where necessary
- Handling correspondence with Prosperity Fund applicants and Co-investors after alignment with the team (e.g clarification of HPF Submissions)
- Researching and writing Investment Memos and drafting Board Resolutions for presentation to the Investment Committee and Board of Trustees when required
- Marketing the HPF opportunity internally for the benefit of Harambeans
- Provide post-investment support to HPF portfolio companies on a need basis
- Putting together the annual HPF Impact report
Thriving Within a Small and Dynamic Team
- Collaborating with the Harambe Dream Team to support the objectives of the fund
- Having the initiative and drive to work independently, but seeking input and guidance where necessary
- Attending the periodic (typically weekly) check-ins with the Harambe Dream Team on the Prosperity Fund to consider new and ongoing applications
Qualifications
Required Core Qualifications
- 1-2+ years of combined experience in Venture Capital investing, consulting, or other relevant investment or commercial fields
- Graduate of a top college/university, degrees such as an MBA are helpful, but not required
- Technical and analytical expertise, with extensive experience in technology business development, venture capital, or executive leadership
- An ability to thrive in an autonomous environment with high levels of ambiguity and self-direction
- Highly effective interpersonal, verbal, and written communication skills
•
Track record of sustained success
- A passion for enabling African success and a fundamental belief in the massive potential that the continent has to offer
Desired Business / Technical Capabilities
- Delivery Excellence -Able to lead projects and provide strategic direction across the core initiatives to deliver a superior network experience
- Executive Presence -Able to project confidence, establish credibility with, and influence Harambeans and the partner ecosystem at all levels
- Global Mindset -Able to adopt a global approach to networking, building eminence for the Alliance, and assembling stakeholders to best deliver on key Alliance milestones
- Risk Strategy -Able to influence and advise the team on key risk decisions
- Analytical Thinking and Problem-Solving -Able to facilitate innovative solutions to team and market problems and drive changes to processes or ways of working based on new trends/recent developments
- Entrepreneurial Drive– Good understanding of entrepreneurial business principles
Desired Leadership / Behavioural capabilities
- Living the Harambeans Purpose -Acts as a role model and inspires others to embrace and live out the Harambeans purpose and values
- Competitive Edge -Applies deep knowledge of disruptive trends and competitor activity to drive continuous improvement
- Inspirational Servant Leadership Qualities -Establishes a strong leadership brand and inspires follower-ship through passion, integrity, and appreciation of others
Benefits
- Ongoing professional development opportunities, international exposure, and a chance to change the world
- Access to a network of African founders and venture capital investors
- Opportunity to attend the annual Harvard reception for the new class of Harambeans
- Discounted participation in the Harambeans Global Summit
Originally posted on Himalayas
Time-zone restrictions (UTC offsets): -10, -9, -8, -7, -6, -5, 14