WEPOWER will soon launch our inaugural Elevate Accelerator for early stage companies who are ready to scale their companies. Our accelerator will support a cohort of 10 early stage companies over a six-month cycle. Throughout the six-months, companies will access workshops (designed by Village Capital), a team of mentors, connections to technical service providers (legal, finance, HR, marketing), community-building experiences, and coaching from a dynamic and experienced Coach. By the end of the six-months, companies will: (1) be investment ready, (2) attracting new capital, (3) and scaling their companies. 



WEPOWER has a targeted focus on Black and Latinx entrepreneurs with companies less than three-years old, have launched with an MVP, have some early traction, and ready to scale but limited access to capital and support. As the Entrepreneur-in-Residence, you lead the launch and pilot of the Elevate Accelerator. 



Outcomes Over the Next 7-8 Months

• Facilitate the first cycle of the accelerator program with 10 early-stage companies and maintain a 90% retention rate.


• 80% of early-stage companies retained scale the number of annual customers and increase their annual revenue.


• 80% of early-stage companies retained report growing a strong sense of community among the other venture teams within the cohort, and feeling supported and nurtured to successfully scale their ventures.


• 80% of early-stage companies retained report access to high quality and useful training, coaching, and resources in the areas of (1) raising capital, (2) marketing, (3) and customer acquisition.


• 80% of community members surveyed communicate satisfaction with companies and entrepreneurs:
  
  
  
  • Relationship with the community
  
  
  • Quality of services and products
  
  
  • Relevance to community needs
  
  
  
  

• Manage the continuous improvement and development of the curriculum and training components of the accelerator.


• Manage the company training process including content delivery, recruitment of facilitators (as needed) and expert panelists, and evaluation in partnership with our external evaluator.


• Manage the business coaching team who will provide individualized goal setting and benchmarking support, coaching, accountability, and development to the venture teams throughout the accelerator cycle.


• Continuously assess effectiveness of venture and business coach relationships and facilitate problem solving and course correction as needed.


• Work with venture teams and their business coaches and mentor teams to develop a post-accelerator plan.

• Continuously identify, cultivate, recruit, and steward a strong pool of mentors to work with company teams.


• Manage the process of on-boarding and supporting mentor teams as they work with company teams.


• Continuously assess effectiveness of venture and mentor team relationships and facilitate problem solving and course correction as needed.


• Form partnerships with technical service professionals (lawyers, accountants, marketing professionals, HR professionals) to meet the needs of company teams and arrange for ongoing pro-bono office hours.


• Continuously assess effectiveness of technical service providers.

• Manage the process of awarding grants and investments from WEPOWER's fund.


• Work with the CEO and Board to develop our investment fund strategy.


• Work with CEO and Board to continuously identify, cultivate, and steward all forms of capital partners bankers, foundations and donors, angel investors, venture capitalists, etc.


• Continuously develop assess to capital for Elevate Accelerator and the companies we support.


• Connect the appropriate companies to the appropriate capital and investment opportunities.


• Support companies with preparing for, navigating, and closing on capital and investment opportunities.

• Continuously form pipeline partners from which companies can be recruited.


• Create and facilitate opportunities to identify and cultivate relevant venture teams to apply.


• Manage the formation of selection committees, the application process, and the process of selecting each new cohort of venture teams.


• Ensure strong technology and data-driven tools and supports are in place to create a transparent, equitable, and efficient recruitment and selection process.


• Work with the Communications & Storytelling team to develop and improve recruitment messaging, branding, and collateral.


• Continuously assess and improve the company recruitment and selection process.

• Have an entrepreneurial and innovative spirit


• Full of business acumen


• Are a developer of people


• A champion of cultural and racial identity development


• A resource and partnership magnet

• You have been or are currently an executive/leadership coach working with startup and early-stage entrepreneurs.


• You have been on the founding team of at least one startup.


• You have heard more than once: Wow, you know everybody!"


• You have successfully raised capital for a company or a fund that invests in startup or early stage companies


• You have successfully navigated a startup ecosystem.

• ROUND 1:Submit application.


• ROUND 2:Phone interview.


• ROUND 3:Performance activity and half-day interview.


• ROUND 4: Reference check.


• START: Welcome to the team!

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