Opportunity to build companies from idea to exit in new start-up studio in Africa About the Factor[e] Venture Studio
Our mission is to build high-impact energy, agriculture and mobility ventures that are addressing some of Sub-Saharan Africa’s greatest income inequality and climate challenges. We ideate, launch, and scale new ventures from idea to exit with exceptional co-founders, intrapreneurs, business leaders and operators close to the customer on the ground in Africa. A dedicated venture studio team provides hands-on strategy and back-office support to our venture teams as they scale. The Studio will not incubate or accelerate existing companies, but rather will use a unique venture-building process to identify business opportunities internally, test solutions in the market with real customers, and build diverse teams of co-founders to take the most promising ventures from ideas to exit.
The Factor[e] Venture Studio is based in Kenya and we will open a second office in West Africa soon so we can be close to the customers, companies, and markets we serve across Africa. We are currently building our first two ventures and we are recruiting new co-Founders to build our next energy and agriculture ventures.
We believe that diverse teams will build more scalable ventures and thus we aim to build teams with >60% African and >50% female leaders, so entrepreneurs, intrapreneurs, leaders, and operators of all backgrounds are encouraged to apply. Co-Founders will have access to 1 to 2 years of seed capital investment, studio support and other benefits to build a company. If successful, venture teams will receive support to raise growth capital to spin out their ventures and scale.
To date, Factor[e] has built a portfolio of 23 scalable, high-impact technology ventures in these sectors in Africa and India and these companies have gone on to raise more than $300M in capital. We aim to build and invest in 100 new ventures with over $2B in follow-on investment that together impact over 100M lives and reduce emissions by 1Gt in the next 10 years.
The Opportunity to Co-Found a Venture
Are you passionate about building new and exciting ventures that solve Africa’s greatest income inequality and climate challenges? Do you thrive in a fast-paced environment, where you gain a tremendous amount of responsibility and accountability? Do you want to be part of an exceptional entrepreneurial team with highly motivated and driven people? If so, you may be a great Venture Co-Founder in our new start-up studio.
The Co-Founder will co-found businesses within the Venture Studio by taking venture ideas and technologies through a human-centered design and lean startup process to iteratively validate and grow the best new business opportunities. Successful Venture Co-Founders will have the opportunity to lead and grow ventures that spin out of the studio.
This opportunity will be initially based in the Factor[e] Venture Studio in Nairobi, Kenya. Some domestic and international travel may be required and re-location may be required in the future if your venture expands to other markets in Africa.
Traits of Ideal Co-Founders
- Approx 10+ years of work experience and 5+ years of leadership experience including budget ownership
- Demonstrated entrepreneurial or intrapreneurial experience building something significant from scratch
- Willingness and ability to live and work close to the customer in Kenya
How We will Support You
We know that many exceptional entrepreneurs, intrapreneurs, leaders and operators in Africa want to build new ventures from the ground up. But many lack access to venture capital, talent or the support they need to do this successfully at scale. We also know that many great leaders like to build new things in a team-based environment with mentors, peers and back office support.
To overcome these challenges, the Factor[e] Venture Studio supports Co-founders including the below:
- 1-2 years of seed capital and hands-on venture-building support
- Operational support to spin out your company and raise growth capital
- Performance-based incentives such as equity in the company you build and participation in the venture studio ESOP
- Base compensation to cover basic living expenses and benefits such as comprehensive medical insurance for you and your family
- Experienced leaders & entrepreneurs as mentors, peers and collaborators
How to Join us: Send us an email explaining your interest in the opportunity to email@example.com with the subject line “Name – Venture Co-Founder”. Please tell us about something you have built from idea to impact in your cover letter or supporting materials and include a link to your LinkedIn profile or CV. You can share a venture idea you have today, but this is not required.