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🔎 Obuntu Foundation is looking for a Communications & Marketing Intern to join us on our quest to build the support ecosystem for Africa-focused Emerging Fund Managers. These Emerging Fund Managers are operators, founders, and investors setting up their very first VC Firms. It’s a unique role, as whoever we hire will be helping us craft and execute our communication strategy.
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🔥 🌎 Location: Remote (If possible Onboarding + ramp up time to be done IRL)
📝 Job type: Part-time
📆 Duration: 6-8 Months
💰 Salary: Unpaid
💪 Core Skills: Brand Strategy, Content Writing, and Analytics
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ABOUT US
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🌍 Obuntu Foundation is on a mission to advance the next generation of Africa-focused Emerging Fund Managers. We believe Emerging Fund Managers, many who were founders and operators in Africa, are uniquely positioned to drive superior, inclusive returns for the continent while driving capital to underrepresented founders, geographies, and opportunities. So we're building Obuntu Foundation to be their support ecosystem, to give them the knowledge, community, and resources they need to succeed.
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🤔 Why We Exist
- There’s still not enough capital to back amazing entrepreneurs across Africa. Africa’s VC total funding was US$6.5B in 2022. India saw funding of $20.9B in 2022. Africa’s VC industry is young but it has grown substantially in the last 5 years
- Many investing in Africa don’t have Africa experience. Today, much of VC investing in Africa is led by teams not dedicated to Africa (50%), with zero Africa experience (30%), and no startup experience (83%). But Africa is unique. With different economics, regulatory environments, digital user behaviour, consumer patterns, local founders have adopted a different perspective to growth and profitability than Silicon Valley, that local investors are best suited to appreciate and resonate with
- There’s a new generation of VCs emerging. These Emerging Fund Managers have forged their careers on the continent: they’ve founded startups or have helped build them, they’ve worked for other VC firms, and have worked for corporates on the ground
⛑️ What We Do
- Our flagship initiative is the Obuntu Launchpad Fellowship. It is an invite-only virtual Fellowship for first-time Fund Managers razor-focused on Africa. We select up to 15 Fellows and support them on their journey to launch & accelerate their first investment vehicle
- In the next few months we’ll deliver the second Class of the Obuntu Launchpad Fellowship (”OL2”) and explore what more we can do to help our Fellows launch & accelerate their first investment vehicle
💫 Our Operating Principles
- Put our Fellows first. We’re in the business of helping our Fellows launch and accelerate their Fund I. To do that we've got to put them first, and that means fine tuning our listening skills to understand what they need, what challenges they are facing and how we can help. But it also means constantly finding ways to help power their fund entrepreneurs’ journeys
- Execute. We’re there to support each other but we expect everyone to execute on their stuff. That means ownership, being highly autonomous, and hitting the ground running
- Strive to do better & be better. We don’t embrace mediocrity/ We don’t settle. We’re constantly learning and challenging ourselves to do better for our Fellows, other stakeholders, and for the Team (we love retros and post-mortems)
- Good humans only. We’re all putting our hearts into Obuntu Foundation & we care about what we’re building and each other so integrity and trust matter to us. We operate in a relationship-driven industry after all and our word should be our bond. We think horrible human beings cramp our style so there’s no place for them here
- Prioritise ruthlessly. We’re keen on doing a few things well instead of doing many in a “meh” way. So we focus on our North Star and prioritise our tasks & projects accordingly
- Validate, don’t assume. We don’t know everything and we definitely don’t hold all the cards. We’re constantly testing & using data to help us guide our decisions and what we focus on
- Communication is our middle name. We’re a remote-first Team so our default mode is over-communicating and oversharing to keep one another in the loop