Boston Community Capital (BCC) is a nonprofit community development financial institution. Jed worked for Boston Community Ventures, its venture capital arm.

Programs - Career
Tuck GIVES Internship:

Jed Sturman T’11
Boston Community Ventures
Boston, MA

In my pursuit of a meaningful summer internship experience, I sought an organization built on principles that inspired me, while offering a role that would test my skill set and expand my knowledge. Boston Community Ventures (BCV) did both. BCV is the venture capital arm of Boston Community Capital (BCC), a nonprofit community development financial institution. Through a $550 million loan fund, BCC finances affordable housing, child care facilities, art programs, schools, health clinics, youth programs, and other community services. Its Solar Energy Advantage Program has increased Massachusetts’ installed solar capacity by 17%. Most recently, BCC’s Stabilizing Urban Neighborhoods Initiative has made national news by re-purchasing foreclosed properties and selling them back to the original owners at affordable rates.

My initial responsibilities included helping BCV craft a clean technology strategy that was used in presentations to investors. Ad hoc assignments included analysis of investment opportunities, attending portfolio company board meetings, and acting as a judge in the MassChallenge business plan competition. Beyond these assignments, I spent a great deal of time assessing the clean tech landscape to identify sources of future deals. The diversity of projects forced me to draw from a variety of first year Tuck classes. At the same time, projects such as analyzing potential investments, reviewing capitalization structure, and participating in investor negotiations introduced me to the intricacies of the venture capital industry of which I was previously unfamiliar.

As an applicant to Tuck, I described my goal as wanting to integrate my environmental, financial, and entrepreneurial backgrounds into a single experience.  BCV’s goal to seek exceptional investment returns alongside measurable environmental (double bottom line) results met this goal. Although I had an early interest in exploring venture capital as a career choice, this summer confirmed that this role fulfills my desire to utilize my business skills in ways that help great ideas succeed.