October 2020 Newsletter - The Monthly ROR (Return on Relationship)
Welcome to the October ROR Summary!
Welcome to the October ROR (Return on Relationship)! Fall is officially here, and more than six months into the pandemic, we have all settled into the new normal, whether it is mastering Zoom etiquette or surviving a virtual ‘back-to-school’.
We have a lot of events planned for the next few weeks, and are especially excited about our Fall Launch Event on October 22, featuring a moderated discussion with Jeff Grass WG'99, CEO of HUNGRY, about his entrepreneurial journey, followed by breakout networking sessions with our Board and Affinity Group leaders. We will also provide an overview of the Club’s activities and planned activities as we close out the year.
Our Climate Change Affinity Group has two upcoming events this month, on Climate Finance at the IFC/ World Bank Group (Oct. 8), and on the Business of Climate Change (Oct. 29), and our Technology Affinity Group will address the Emerging World of Digital Collaboration & Remote Work (Oct.15). All these events have a 15-30 minute networking opportunity at the end. Finally, a brief hiatus, Virtual Pub is back next week!
WCNCR Board of Directors and Advisory Committee
Thur., October 8 - Climate Finance at the International Finance Corporation
Climate change is one of the greatest challenges of our times. This challenge also created opportunities for the Wharton community. The webinar will focus on the financing opportunities in the new products and services to protect humanity from the perils of climate change.
- Climate Finance at the International Finance Corp (IFC)
- Contribution of the IFC’s Financial Institutions Group towards Climate Finance
- IFC’s Covid response and work towards the green rebuild in Emerging Markets
- Open discussion on the market opportunity in climate finance
- Open discussion on the future Wharton Climate Change Affinity Group activities
Peter Cashion is a Chief Investment Officer and the Global Head of Climate Finance in the Financial Institutions Group (FIG) at the IFC. He leads the climate finance business that makes more than $1.5 billion in annual investments in the financial sector in emerging markets, and oversees the advisory services program that develops the capacity of financial regulators and institutions to deliver on climate finance objectives.
Tues., October 13 - Business Owners and CEOs
Exclusively for Wharton Alumni Business Owners and CEOs
Are you a Wharton alum CEO, Business Owner or Executive Director in the National Capital Region? It’s lonely at the top--especially when working virtually! Come build relationships with other alumni who are running their own businesses and delve into business issues, share resources, and learn best practices.
No business is too small or large to participate. First timers are welcome! Click here for more details
Tues., October 13 - Future for the Stock Market - Election Impact & Economic Uncertainty
Join alumni from Harvard Business School and the Wharton School at the University of Pennsylvania for an important and engaging discussion with Prof. Jeremy Siegel.
Dr. Siegel is on the Wharton faculty and is a leading expert on the stock market. He will share his views on the outlook for the market and the likely impact of the election results and the economic recovery.
Raj Sharma, Head of the Sharma Group at Merrill Lynch, will lead the discussion with Prof. Siegel.
Topics to be covered include:
- Is the stock market disconnected from the economy? Economic fundamentals are weak but the market keeps making new highs.
- How do you expect the US election outcome to impact the stock market?
- Is the Fed creating an asset bubble through its expansionary monetary policy?
- How should investors think about asset allocation? The traditional 60/40 portfolio appears to be outdated in view of extremely low bond rates.
- A few stocks ( FANG) appear to be driving the majority of market returns? Will this lead to an unsustainable asset bubble and a crash similar to the 2000-2002 internet bubble?
- What is your definition of a safe asset in today’s environment?
This virtual Zoom program is co-hosted by the HBS Assoc. of Boston and the Wharton Club of Philadelphia. Wharton and HBS alumni organizations from Boston, NY, NJ, Philadelphia, and Washington, DC, are co-sponsoring the program for their alumni communities.
Raj Sharma will lead the discussion of these important topics for 60 minutes followed by a 30 minute Q&A period open to everyone on the program.
He’ll share his lessons learned from 30+ years of technology, sales, marketing and management experience, and discuss how he brings the start-up mentality to the job. As Microsoft employee #735 in 1985, Dave was with Microsoft when it was a startup, working with Bill Gates and interacting with pioneers such as Steve Jobs during the early competitive years when key technical landscapes where being shaped. Dave has helped organizations in multiple industries across the globe, developing and delivering profitable, award winning technology products. After several successful start-ups in the Music industry and helping to innovate micro-payments with PayPal, Dave returned to Microsoft in July 2017 and is now shaping the future of remote work.
In addition to this great speaker, we will also facilitate interactive networking among all attendees using Treble. To make the most of this opportunity, please set-up your Treble profile prior to the event. Visit Treble’s YouTube page for quick videos and tutorials to help you get up and running quickly or contact Wharton alum and Treble CEO David Gertler if you need assistance.
You bring the stories and beverage of choice, we supply the video access and friends.
This month, please join us in welcoming our New Students & Catch up with Friends!
Wed., October 21 - The Insane Power of Your Mind, Mindset, and Mindfulness
Please join the WCDFW Career Mentor Initiative
Thurs., October 22 - A New Paradigm: Generating Opportunities through Resiliency featuring Jeff Grass
Please join us in a conversation with Jeff Grass, a serial entrepreneur and proven leader with a track record of building great teams and successful businesses.
Jeff is the Chairman & CEO of HUNGRY, the first ever platform that provides exceptional business and event catering by a network of top local chefs. HUNGRY now operates in 7 cities across the U.S. and is revolutionizing the business and event catering industry. HUNGRY started in early 2017 and three years later raised a $20 million Series B valuing the company in excess of $100 million. HUNGRY investors include food industry heavyweights Walter Robb (Whole Foods), Celebrity Chefs Tom Colicchio (Top Chef) and Ming Tsai (Simply Ming), Seth Goldman (Beyond Meat & Honest Tea), Eric Kessler (Arabella Advisors, JBF), Dan Simons (Founding Farmers Restaurant Group). From the entertainment industry investors Jay Z (via Marcy Venture Fund), Usher, Kevin Hart, Dave Free and NFL superstars Ndamukong Suh, Bobby Wagner and Todd Gurley. HUNGRY’s venture capital investors Sands Capital Ventures, Motley Fool Ventures, Evolution VC Partners and Marcy Venture Fund.
Thurs., October 29 - The Business of Climate Change
Climate Restoration and Supply Chains
- WCNCR Climate Change Affinity Group will host a signature event on climate change. The event will have two eminent speakers presenting on two very important topics:
- Sanjeev Khagram, Director General, and Dean of Thunderbird School, will talk about his work on market opportunities for climate restoration,
- Brent Habig, Vice President for Institute for Sustainable Communities (ISC), will talk about their work with companies such as Apple and H&M on creating sustainable supply chains
The event will be moderated by Arthur van Benthem, Associate Professor of Business Economics and Public Policy at Wharton and co-faculty lead of Wharton’s Business, Climate, and Environment Lab
Spotlight on the WCNCR Career Mentor Initiative:
Since July, the Career Mentor Initiative has been hosting regular Wednesday Zoom meetups offering career support and community for our pandemic age. Topics have ranged from optimizing your LinkedIn profile to Zoom presentation skills and working with executive recruiters. The next session is on October 21, and will be on “The Insane Power of Your Mind, Mindset, and Mindfulness”.
For more information, please reach out to Hira Fernando WG’04.
It’s hard to believe that we launched WCNCR just over a year ago! You may have received messages in your inbox reminding you to
Please continue to support our awesome new club by choosing the auto-renewal option on your membership. If you have any questions about the Club, programming, financial status, or other issues, please send a message to [email protected].
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