Prosperity Fund Fellow

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 Alliance

Harambeans 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