Harlem Capital Community,

Please join us in welcoming our Summer Intern Class: Reade Rossman, Alivia Jiang, Dimitri Henry, Megha Agarwal, Amir Williams and Valeria Vinas. They are joined by 1 returning fellow: Nikolas Ortega (Winter 2024).

ABOUT THE INTERN PROGRAM

Harlem Capital’s internship is a 10-week program that occurs 3 times per year, with winter, summer and fall cohorts. Each cohort consists of 6 interns and 1-2 fellows (returning interns). Interns are tasked with weekly deal screens, industry analyses, and key value-add projects over the course of the internship. Our interns are what we like to call our ‘secret sauce’ as they allow us to accomplish projects outside of regular deal work that expand the diverse ecosystem. Notably, our Partner, Gabby Cazeau and Principal, Nicole DeTommaso have come from this program.

2024 MARKS OUR 7TH YEAR OF THE INTERN PROGRAM

As we enter our 7th year of running our intern program, we continue to be amazed by the talent that exists within the ecosystem. We have received over 15,000 applications and hired 117 interns over 20 classes in a 7 year period. 35+ of those interns now work in VC or PE, which is one of HCP’s proudest stats as we’ve become one of the largest diverse funnels into VC. 

ABOUT THIS COHORT

The 6 applicants were chosen from a pool of 1,382 applications.

This intern class has 1 undergraduate student, 2 MBA students and 3 full-time employees.  The current undergraduate & MBA students hail from University of Pennsylvania, Harvard Business School and Stanford Graduate School of Business. The class is 33% Black, 33% Asian, 17% Latino and 17% White. 33% are first-generation college students and 67% first generation American.

Additionally, 17% of this class applied more than once, with one applying three times. In fact, 17% of the applicant pool was reapplicants from previous classes. Furthermore, at each stage of the Summer ‘24 interview process, more than 30% of the candidate pool was individuals who have reapplied to the program. We appreciate the determination and loyalty to HCP.

A DIVE INTO THE SUMMER ‘24 APPLICANT POOL

Let’s take a look at the demographics of the Summer ‘24 applicant pool. Alongside race & gender data, we also started tracking some other important diversity data stats in our application (optional for candidates). 

The Summer ‘24 applicant pool was 47% Asian, 18% Black and 8% Latino as well as 28% first-generation American and 32% first-generation college students.

The applicant pool was 40% women or non-binary individuals and 11% identified as LGBTQ+. 

Harlem Capital takes a lot of pride in having a diverse applicant pool not only for race and gender, but also amongst other areas of identity and life. We continue to prove to the ecosystem that there is no pipeline problem.

HARLEM CAPITAL IMPACT REPORT

Harlem Capital is on a mission to invest in 1,000 diverse founders over 20 years. Since 2018, we have raised 2 funds and made 60 investments – we are just starting to change the face of entrepreneurship. As we continue to set goals as a firm, we wanted to take stock of how these investments and us as investors have impacted the VC landscape and our communities. 

One pillar we analyzed was our intern program effects and here are the results (excludes Summer ‘24 cohort):

• 39% of intern alums have held full-time VC positions
• 9% of all Black & Latino investors in the ecosystem are HCP intern alums
• 2% of all Black & Latino checkwriters in VC are HCP intern alums
• 2 of the 60 investments HCP has made were sourced by interns
• 3+ of the 60 HCP investments have had intern alums as co-investors
• 1 intern alum is an HCP LP

View the full impact blog post here.

CONCLUSION

We have now had 117 interns over 20 classes with 15,000+ applicants. Be sure to apply to be a part of our next cohort!

Our Fall 2024 application is now open until July 2nd, APPLY or SHARE.   

Regards,

The Harlem Capital Team