Job description
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
Who can apply
Eligible countries: United States. Accepted UTC offsets: UTC-10, UTC-9, UTC-8, UTC-7, UTC-6, UTC-5, UTC+14. Review the full description for employer-specific work authorization, residency and schedule requirements.