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
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, Shyft, and MarketForce.
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 All Hands meetings: The Team has 2 main weekly meetings to update each other on the progress of our work and find out how we can support each other. This is usually done via an online conferencing platform so that team members can dial –in. Our All Hands Calls are on Monday and Thursday. You will be expected to attend the Monday All Hands Calls.
Attending Weekly Prosperity Fund Check-In Calls. The Prosperity Fund team has one weekly hour long check-in calls to review applications and their processing. Preparation for these calls is done on Monday.
Assessing Investment Opportunities
Assessing, reviewing and synthesising investment opportunities (Harambeans Prosperity Fund applications) against the Prosperity Fund Rules.
Analysing cap tables to ensure sufficient investment has been made from reputable co-investors. This will include assessing the reputability of the co-investors
Analysing 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 draft 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 HPF 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 required.
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 - influence and advice team on key risk decisions
Analytical Thinking and Problem Solving - Facilitates innovative solutions to team and market problems and drives 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
Performance Drive - Creates opportunities to drive impact; anticipates Alliance and Ecosystem needs and delivers superior results by leveraging each person’s strengths to build high a performing team
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, frequent business travel opportunities, international exposure, and a chance to change the world.
Access to a network of African founders and venture capital investors
