What is the 10th Avenue Impact Investment Team?
The 10th Avenue Impact Investment Team is a student-led team that makes the investment decisions for the Vancouver Social Value Fund. As a member of the team, young leaders in all local Vancouver universities are able to undergo an experiential learning process and get their hands dirty in impact investing. Students make real decisions, using real money, to invest in local ventures. Which ventures those are, what the investment vehicle is, and what impact goals are tied to each investment are recommended by the student team, subject to approval from an investment committee made of local impact investors and advisors.
We operate as any fund would - we seek viable ventures, complete research and due diligence, and arrive at an investment decision for the Fund. Our investments are custom-tailored to fit the needs of local social ventures - too often investments are cookie-cutter models that do not actually help the venture as well as they could. Our priority is impact, and we pursue impact-adjusted financial returns to achieve a better social return from our investment.
"10th Avenue is a fantastic opportunity for anybody interested in entrepreneurship and social impact. You get to meet interesting and passionate founders, and get excellent mentorship from both your peers and Helder Ventures.
I came into 10th Avenue with a vague idea of what is important in venture capital and left with a much more defined skill set. There is no archetypal background and I would recommend everyone interested apply."
— Omar Mohammed, Investment Associate
Applications are now open
Application for the 2019-2020 Associate Positions are open now until March 30th 2019, 11:59 PM.
Successful candidates will join the team beginning September 1st 2019
Is this the right team for me?
We hope so! We are not necessarily looking for the most financially-sophisticated individuals (although that is a plus). We want a diverse team, with a diverse skill set. We value individuals with a commitment to integrity, a desire to move the world forward in a positive way, a curiosity for innovation, and a drive to get stuff done. If you like to wait to be told what to do, this is not the program for you.
Where do previous students work now? What career opportunities may be available to me after this position?
We focus on having a student team with a diverse set of expertise, so there are students working in many different sectors now. Check out our Alumni section below.
Where and when do 10th Avenue activities take place?
Meeting times depend on the team each year. Meetings are set by the team based on school commitments, and availability. Student teams meet once per week for a debrief, once every two weeks for an active learning session with advisors, and once per month for a longer decision-making session. In between these meetings students meet in smaller groups to work on ongoing deals.
If I'm applying, what dates do I need to know?
Applications are now open. They will close on March 30th 2019, at 11:59 PM
A selection process including informal coffee interviews and short-listed group interviews will take place during the last week of March and the first week of April.
The new student team will have an introductory dinner event in mid-April. Our team does not operate in the summer, so it is not a disadvantage if you are away from Vancouver for the summer!
We begin again September 1st, 2019.
What will I learn?
This is a unique program in the sense that the learning is very situation dependent. Students get touch-points with every aspect of the impact investment process. Students will learn how to analyze social ventures, how to take into account social return in the investment process, the investment decision process, investment management, and much more. We believe the best way to learn is to go out and do, and that is what this opportunity provides - a place for young leaders to learn and do at the same time.
What are the requirements to join the team?
You must be a 3rd or 4th year student attending a university based in Vancouver for both semesters in the ‘19/’20 school year, and both semesters in the ‘20/’21 school year.
What is the time commitment?
On average, students spend about 10-15 hours per week on this program. There is no required limit, and the time commitment fluctuates depending on where the deals we are working on are at. A cliche, but true here: the more you put into this, the more you will get out of it.
Is it a competitive process?
Unfortunately, yes. We can not let everyone partake, as we must be conscious of the needs and requirements of the ventures with whom we work. We do a recruitment process every March and select the most qualified candidates.
I'm excited to join! How do I apply?
Applying is easy. Click here and fill out the Google Form in it’s entirety.