Harlem Capital Community,

Please join us in welcoming our Fall Intern Class: Amaan Kulatunga, Catherine Zhao, Jordan Badia-Bellinger, Katalina Su, Max George & Mea-Lynn Wong. They are joined by 1 returning fellow: Ariana Linara (Winter 2022). 

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 Principal Gabby Cazeau, Senior Associate Nicole DeTommaso, and Chief of Staff Tonna Obaze, have come from this program.

Some stand out projects done with the help of our interns:

• 870 Black and Latino Startups That Have Raised $1M+ of Venture
• How are Black & Latina Women Investors Breaking into VC?
• More Equity: Game Changers Series
• HCP Newsletter: Road to 1,000
• Web3 Industry Primer

About this Cohort

The 6 applicants were chosen from a pool of 1,051 applications, marking a 0.6% acceptance rate.

This intern class has 3 undergraduate students, 2 MBA students and 1 full-time employee.  The current undergraduate & MBA students hail from University of California Berkeley, Brown University, University of Maryland – College Park, Yale School of Management and Stanford Graduate School of Business. The 1 employee works at Google. The class is 50% Black, 33% Asian and 17% Latino, as well as 17% first generation college students.

A Deeper Dive into the Fall 2022 Applicant Pool

Let’s take a look at the demographics of the Fall ‘22 applicant pool. Alongside race & gender data, we also started tracking some other important diversity data stats in our application (optional for candidates). 

The Fall ‘22 applicant pool was 41% Black, 32% Asian and 10% Latino as well as 37% first generation American and 41% first generation college students.

The applicant pool was comprised of 37% women or non-binary individuals and 12% identified as LGBTQ+. In terms of geographic location, 21% of applicants were based internationally.

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.

An Inside Look: Full-Time VC After HCP

One of our goals at Harlem Capital is to provide access and transparency into the venture capital industry and increase the number of diverse investors at funds. 

Since launching our intern program in 2018, we’ve had 31 interns go on to roles in VC and PE, most recently joining top funds such as Lerer Hippeau and Female Founders Fund. We’ve even been able to co-invest with former interns at their new funds!

We love to support our interns regardless of where their paths take them – the worlds of venture, tech, or becoming founders of their own. 

Expanding the Diverse Talent Pool

We have now had 88 interns over 15 classes with 9,703 applicants, equating to an overall 0.9% acceptance rate. Given we can’t provide opportunities to the majority that apply, we are offering access to our HCP talent platform to all applicants that receive a first round interview. If you are a VC firm looking to get access to top diverse talent, please join our Talent Collective. 

Joining this invite-only community will give you access to:

• Top diverse talent profiles that include past experience & what they are looking for next
• Pre-vetted candidates who have interviewed for the HCP internship
• Request convos from desired candidates directly to fill open roles

Our Winter 2023 application is now open until October 4th, APPLY or SHARE.

Regards,

The Harlem Capital Team