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Navigating Venture Capital: Insights from Joe Darcy ’11

After having the chance to sit down with Holy Cross alumni Joe Darcy ’11, many valuable insights were taught on the inner workings of a venture capital firm, career paths leading up to these roles, and how students can maximize their time while here on the hill. 

Joe’s journey into the world of venture capital has landed him as Investment Manager at Volvo Group, where he plays a pivotal role in the company’s team. With a focus on investing in startups relevant to Volvo’s industry sectors, Joe and his team conducted thorough due diligence, meeting with hundreds of startups annually to find the right fits for the company’s investor portfolio. Joe’s entrepreneurial background—starting his own hockey club at just 14 and building the Holy Cross Club Hockey team from the ground up while serving as club president—equipped him with the mindset needed to thrive in the fast-paced world of venture capital.

Drawing parallels between building a VC portfolio and assembling a hockey team, Joe emphasized the importance of diversity in both. Just as a hockey team needs a mix of forwards, defensemen, vocal leaders, and quiet leaders to succeed, a well-rounded VC portfolio requires a diverse range of startups with different strengths and personalities. It’s this blend that ultimately leads to success, as each startup contributes to the collective goal of building businesses and generating investment returns.

Joe also shared valuable academic advice for current Holy Cross students. He emphasized the importance of taking advantage of resources like .edu emails to network and explore career opportunities early on. This access provides students with a distinct advantage in connecting with alumni and industry professionals, facilitating mentorship, internships, and job opportunities crucial for their future careers. Joe encouraged students to embrace their time at Holy Cross as a period of growth and learning, urging them to be sponges and absorb as much knowledge and experience as possible. He highlighted the benefits of the tight-knit community at Holy Cross, which not only fosters strong relationships but also prepares students for professional workspaces beyond graduation.

In conclusion, Joe’s journey from Holy Cross to venture capital exemplifies the value of a liberal arts education in preparing students for diverse career paths. Through his experiences, Joe has not only made the most of his post-grad life but also offered valuable insights and advice for current and future Crusaders embarking on their own professional journeys.

Written by Nico Corporon ’26
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Student Highlight: Nico Corporon ’26

Nico

My name is Nico Corporon and I am a current second year Political Science major pursuing a business certificate in business fundamentals and entrepreneurship. During my time at Holy Cross, I have engaged in a diverse set of activities, including membership in HC Launch, Finance Club, Men’s Club Hockey, and serving as an exam proctor. Most recently, I will be taking up the opportunity to serve as an intern for the Ciocca Center this spring semester. 

My involvement with the Ciocca Center has been incredibly transformative so far. Through HC Launch, I collaborated with a local Worcester startup named Multiscale Systems, contributing to a complex research project focused on the manufacturing of Gen IV Natrium Reactors. This eight-month project provided me with the opportunity to delve into the nuclear energy sector, engage one on one with C-Suite executives, and produce a comprehensive research document piling over one hundred pages in length.

Additionally, the Ciocca Center has served as a platform for honing my skills through participation in business competitions, similar to the recent Innovation Challenge hosted by Sideline Swap. Looking ahead to this upcoming internship, my focus will be on enhancing student involvement in Ciocca Center events, fostering greater engagement on social media, and connecting with alumni to produce insights into maximizing not only my potential within the Ciocca Center, but the rest of my Holy Cross peers.

I am very grateful for what has come through my involvement in the Ciocca Center thus far, and look forward to what lies ahead!
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Students Explore Business Over Winter Break

Students at Fidelty Networking event with Tom Jessop '88 President of Fidelity Brokerage

Kicking off the spring 2024 semester, 160+ students participated in four concurrent workshops the week before classes began.  The week of January 18-22 was led by 25+ alumni presenters and mentors in the following areas:

Fullbridge Professional Edge: This simulated workweek provides exposure to the basics of business and an opportunity to collaborate in teams through active learning culminating in a final presentation where students present a growth idea for a Fortune 500 company. Special congratulations to Team Under Armour for the innovative growth idea securing them each the top prize of a $300 Apple gift card! Kathryn Sweet ’26, Charles Bacon ’27, Marisa Mamak ’27, and Mary Powers ’27 led by Coach Carmen!

Corporate Finance & Banking: 38 students toured at top Boston banks including Bank of America with Ted Lynch ‘84, SV Health Investors with Tom Flynn ‘87, and Natixis Asset Managers with Beatriz Pina Smith ‘87.  The highlight of the workshop was the fourth annual networking event held at Fidelity, hosted by Tom Jessop ‘88.  

Interview Prep: Personal branding and a core value proposition are key to successful interviewing. 86 students further developed their elevator pitch and practiced interview skills with the Center for Career Development followed by successful career tips from notable alumnae including Mimi Doherty ‘02 and Christina Imrich ‘08.

Marketing Communications & Sales: Alumni led 34 students through the practical exploration of advertising, marketing, sales, and public relations including, JR Butler ‘08, Catherine Cote ‘18, Tyler Dooley ‘17, Katie Macdonald ‘07, Kerri Mannion ‘19, Courtney Quinn ‘96, Cal St. Denis ‘08.  Teams competed in the PepsiCo Challenge, each tasked with bringing SodaStream to the next level with short- and long-term strategic thinking. Thank you to our PepsiCo judges Rowan Burgess ’23, Maureen Connolly ’18, Alex Smith ‘14, and Chris Vandervoorn ’19.

Many of the students participated in more than one opportunity as they worked towards Business Certificate Program completion, including the month-long Excel Tutorial offered during the month of January.

Check out the @holycrossbusiness Instagram page for photos from the event and follow to stay up to date with future programming and highlights. 
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2023 Innovation Challenge – Recap

Brendan Candon '10 speaking

The Ciocca Center, in partnership with HC Launch, hosted the annual Innovation Challenge yesterday afternoon. Yesterday’s competition revolved around business solutions for SidelineSwap, the premier marketplace dedicated to connecting athletes and sports enthusiasts in the dynamic world of sports gear selling. Founded by Brendan Candon ’10 in 2015, SidelineSwap has a remarkable track record of facilitating transactions exceeding $250 million and has earned its place among the fastest-growing global marketplaces, as recognized by the esteemed Andreessen Horowitz A16z Top 100 list. Backed by influential investors, including strategic partners such as Dick’s Sporting Goods and eBay, SidelineSwap is not only a platform for buying and selling sports equipment but a community-driven hub that empowers athletes to access quality gear affordably. The recent addition of the Trade-in Platform further exemplifies SidelineSwap’s commitment to innovation, enabling retail partners to create circular shopping experiences and fostering a sustainable and accessible marketplace for sports enthusiasts worldwide.

Students were tasked with pitching one of three solutions proposed by the CEO himself: 

Identifying Potential Sales Opportunity:

Identify a sport with over $10 million annual secondhand gear sales potential, requiring research on market size and characteristics for a successful second-hand marketplace.

Creating a User Experience Using AI:

Design an AI-driven user experience to address user problems and drive positive outcomes for SidelineSwap.

Designing a Solution For Cleaning Bats and Clubs in Bulk:

Propose solutions for efficiently cleaning baseball bats, softball bats, and golf clubs in bulk before listing on SidelineSwap.

Integrating AI into the UI: Securing 1st place, API-tizer tackled the challenge by suggesting an innovative incorporation of AI into SidelineSwap’s user interface. Rather than taking the conventional route of directly enhancing the user experience, API-tizer put forth a groundbreaking proposal to integrate AI seamlessly into SidelineSwap’s UI. This integration, facilitated through an API, was specifically aimed at photo verification and data-related processes for enhanced verification. The team not only addressed the prompt but also demonstrated forward-thinking by devising cost-effective strategies for the smooth integration of this advanced tool. Their pitch underscored a profound understanding of how strategically deploying AI could fortify user trust and elevate the overall credibility of the platform.

Savvy Sam: Claiming the 2nd place position, Team Sam directed their focus toward creating a more personalized and efficient user experience. Their innovative solution involved introducing a virtual chat assistant, named Sam, to SidelineSwap’s website. This AI-powered assistant was conceptualized to facilitate personalized user interactions, streamlining the process for users to find customized sports gear more efficiently. Team Sam’s approach emphasized the importance of user-centric design and showcased a commitment to enhancing the overall journey for SidelineSwap users, aligning with the prompt’s objective of using AI to drive positive outcomes for the business.

Squeaky Clean Solutions: The Clean Team, securing 3rd place, devised a meticulous solution aimed at optimizing the cleaning process for SidelineSwap. Acknowledging the operational challenge of managing thousands of sports products, especially baseball bats, softball bats, and golf clubs, the team presented an innovative proposal. Their approach involved implementing ultrasonic cleaners for golf clubs, demonstrating a practical and cost-effective strategy to enhance efficiency and reduce costs in the cleaning process. The Clean Team’s pitch showcased a thorough understanding of the operational intricacies within SidelineSwap’s warehouses, highlighting the significance of maintaining product quality through streamlined cleaning procedures.

Thank you to our judges, Tom Brennan ’86, Terry Waters ’81, and Brendan Candon ’10 for their invaluable time, expertise, and thoughtful evaluation during the SidelineSwap Innovation Challenge.

Winners:

First Place team

API-tizers (Meggan Fourie ’25, Maura Switzer ’25, Ivor Teagle ’25)

1st Place – $1,000:  API-tizers (Meggan Fourie ’25, Ivor Teagle ’25, Maura Switzer ’25)

2nd Place – $500: Team Sam (Nico Corporon ’26, Sean Doyle ’26)

3rd Place – $250: Clean Team (Briana Sullivan ’24, Nico Popeleski ’26, Maya Kryzwda ’24)

Written by Liz Garfield ‘24 
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81 Students & 50+ Alumni Participate in Fall Break Business Workshops

Group of professionally dressed students posing on the library steps.

Every fall break, the Ciocca Center holds concurrent workshops for students involved in the Business Certificate Programs to connect with alumni, make real-world connections, learn industry insights and practice presentation skills.  81 students and over 50 alumni participated in last weeks iteration, details below.

The annual Global Supply Chain Management Workshop helped 53 students understand that everything we wear, eat, drive, and consume comes through an organized supply chain from different parts of the world. The alumni presenters inlcluded Pete Mondani ’79, Bill Liesman ’72, Roger Lobo ’04, and Conor Moynihan ’13 – all practitioners in the field.  They shared the inner workings of a global supply chain and how it manages the distribution of various goods and services.  Teams of 4-5 students met with Holy Cross vendors, spanning from coffee to sweatshirts, to understand the inherent political, cultural, and ethical issues.  They even got off campus to experience a working supply chain during a company site visit to Polar Beverages with a tour by Chris Crowley, executive vice president of the company.

Concurrently, the annual Finance Boot Camp brought 28 students to NYC to meet alumni on Wall Street as part of the Finance & Banking Certificate program. Starting with an alumni-led current event discussion and professional communication overview, students were prepped on campus for the overnight trip to the city.  Alumni at JP Morgan, PIMCO, Barclays, KeyBanc and Morgan Stanley hosted the cohort to share industry insights, interview tips and discuss the various fields within the industry including sales and trading, investment banking, and wealth management.

Trey Rabuffo ’25 and Helene Cummings ’25 shared their student experience on the College’s Instagram account, which can also be seen on @holycrossbusiness.

Congratulations to all of the student participants and a big thank you to all of our alumni who are giving back to Holy Cross, like so many have done before them.
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Students Prepare for Bank Visits with Jargon Cheat Sheet

 NYSE Wall Street Signs

This list of finance vocabulary is a sampling of some of the terms and abbreviations students can expect to hear during conversations at the various site visits to banks in Boston and NYC as part of the Certificate in Finance & Banking program.  Get acquainted with the jargon and concepts to gain more from your experience, including the ability to ask better questions in order to make yourself stand out from the crowd.  Be sure to access the College’s free readership program for the Wall Street Journal (WSJ) and New York Times (NYT) to connect with these terms in a real world context.

Finance Jargon

Asset: Resource with economic value that a corporation owns or controls with the expectation that it will provide a future benefit; Assets are reported on a company’s balance sheet and are bought or created to increase a firm’s value or benefit the firm’s operations.

    • Asset Allocation is an investment strategy that aims to balance risk and reward by apportioning a portfolio’s assets according to an individual’s goals, risk tolerance, and investment horizon. The three main asset classes – equities, fixed-income, and cash and equivalents – have different levels of risk and return.

Book Building: Process by which an underwriter attempts to determine the price at which an initial public offering (IPO) will be offered. An underwriter, normally an investment bank, builds a book by inviting institutional investors (such as fund managers and others) to submit bids for the number of shares and the price(s) they would be willing to pay for them.

Book Value: Referring to an investment, it is the price paid for a security or debt investment. When a company sells stock, the selling price minus the book value is the capital gain or loss from the investment.

Broker: Individual or firm that acts as an intermediary between an investor and a securities exchange; Buy and sell financial instruments on the behalf of a client and charges a fee for doing so.

Bull and Bear Markets:

    • A Bull Market is a market that is on the rise and where the economy is sound. (Tip: A bull charges “up” with horns.)
    • A Bear Market exists in an economy that is receding, where most stocks are declining in value. (Tip: A bear charges “down” with paws.)

Buying Size: Occurs when a trader offers to buy a large volume of shares

Buy-Side/Sell-Side:

    • Buy-Side is the side of the financial market that buys and invests large portions of securities for the purpose of money or fund management; Includes investment managers, pension funds, and hedge funds.
    • Sell-Side is the other side of the financial market, which deals with the creation, promotion, and selling of traded securities to the public; Includes investment banks, advisory firms, and corporations.

Continue reading “Students Prepare for Bank Visits with Jargon Cheat Sheet”
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Fenwick Scholar Max Hendrix ’23

student headshot

Max Hendrix ’23, Fenwick Scholar, recently presented on April 25, 2023 to discuss his work on Intricacies of Agency: Rational Choice, Behavioral Economics, and Our Normative Commitments, after a year long research project to explore the image of agency and rationality in economics through a philosophical lens.

He is a Finance & Banking Certificate graduate pursuing a double major in Philosophy and Economics. Following graduation, he plans to pursue a career that will give him the opportunity to combine the critical thinking, writing and communication skills that he has developed in the classroom as a liberal arts student along with his interests in working with markets, investment strategies, and financial institutions.

Congratulations to Max!
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Annual Business Social Congratulates Business Certificate Graduates

Student collage at an outdoor event

April 27, 2023

Dear student,

Congratulations Business Certificate Program Graduates!

After years of workshops, tutorials, internships, coursework, and job shadowing experiences (not to mention a pandemic!), we are proud to name you as a graduate of the Business Certificate Program offered by the Ciocca Center for Business, Ethics, and Society at the College of the Holy Cross.

As a graduate, you are among a select group of students who will be receiving a Certificate in Business Fundamentals, a Certificate in Entrepreneurship, and/or a Certificate in Finance & Banking.

While others were vacationing, you decided to immerse yourself in business, expose yourself to new concepts, build transferable skill sets, and network with successful alumni in the field. This dedication has made all the difference. Your liberal arts education from Holy Cross has equipped you with the skills to communicate effectively, problem solve, and think critically – the soft skills you can’t learn on the job. To complement this, your business certificate will be a differentiator in the job market and has provided you with competitive technical skills. Take this opportunity to appreciate all that you have accomplished. Continue reading “Annual Business Social Congratulates Business Certificate Graduates”
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WIB Hosts Fiona Boyle ’21 to Share Female Finance Experience

speaker graphic

 

On March 22, 2023, the Women in Business Club hosted an alumna speaker, Fiona Boyle ’21.  She shared her experience of being a female in the finance industry.  Read more to hear takeaways from the audience, written by Olivia Evans ’23.

Fiona Boyle graduated from the College of the Holy Cross in the spring of 2021. She was an Economics major and Art History minor. Upon graduation, Fiona had to navigate the new world that COVID had created for society when it came to the search for a job. During her senior year at Holy Cross, she connected with an HC alumnus on LinkedIn. Later that year, the same alumnus posted a job opening on LinkedIn for a position at a start-up company in Fintech named Mirador. Fiona then reached back out to the alumnus, applied for the job, and later ended up getting an offer and accepting the job. Mirador is now a six-year-old company.

Fiona shared her day-to-day responsibilities at Mirador. Essentially, she creates financial reports for ultra-high-net-worth individuals; therefore, she is responsible for tracking portfolio performance data and building reports to help clients view and understand their assets. Fiona mentioned that Mirador has an excellent onboarding training program for new employees that many refer to as “Mirador University.”

Furthermore, Fiona wanted the audience of the presentation to leave with three main takeaways. Continue reading “WIB Hosts Fiona Boyle ’21 to Share Female Finance Experience”
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Women’s Impact on Business World Celebrated at Holy Cross’ 17th WIB Conference

 

Fireside keynote chat on stage in the Hogan Balroom
(L-R) Nancy E. Andrews, associate professor of classics, and Erin Robert ’06, managing director of impact finance with JPMorgan Chase & Co., sharing their keynote discussion at the 17th annual Women in Business conference hosted by the Carlyse and Arthur A. Ciocca ’59 Center for Business, Ethics, and Society. (Photo by Rob Carlin)

Women’s Impact on Business World Celebrated at Holy Cross Conference
The 17th annual Women in Business event encouraged alumnae, faculty, staff and students to share experiences and learn from each other.

During the keynote discussion, Erin Robert ’06, managing director of impact finance with JPMorgan Chase & Co., and Nancy E. Andrews, associate professor of classics, reflected on their time on The Hill, how it shaped their careers and how they continue to encourage women as  colleagues and mentees.

“It’s incumbent on us that when we get to the tables, that we recognize that we’re there and what we can do to continue to open the doors and pull the women in behind us,” Robert said.

Robert shared that she uses her Jesuit liberal arts education to help implement and manage initiatives that incorporate the company’s goals of advancing racial equality, unraveling systemic racism in the financial markets, and combating climate change in emerging markets and putting them into action.

Read more in the Holy Cross Newsroom…