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
  

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
  

• 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
  

• 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
  

• 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