Welcome!

News Feed Item

National Venture Capital Association Joins NewSchools Venture Fund to Raise K-12 Education Infrastructure Fund

Financial and Human Capital Will Be Invested in Education Entrepreneurs

SANTA CLARA, CA -- (MARKET WIRE) -- 05/08/08 -- The National Venture Capital Association (NVCA) and NewSchools Venture Fund today announced the creation of a multi-million dollar philanthropic venture fund focused on improving education in the United States. The NVCA-NewSchools K-12 Education Infrastructure Fund will invest in start-up organizations aiming to build high-performing public schools by developing innovative human capital solutions and performance tools. The Fund was officially opened at the NVCA Annual Meeting in Santa Clara before an audience of more than 700 venture capitalists.

"The K-12 Education Infrastructure Fund offers a meaningful way in which the venture capital community can engage in the critical process of improving education in our country in a manner that is highly relevant to our business," said Mark Heesen, president of the NVCA. "We are very enthusiastic about partnering with NewSchools, an organization that has a proven track record of identifying and investing in education entrepreneurs who can make a real difference. We believe the NVCA membership will bring their strong ideals and commitment to success to this exciting project."

Members of the NVCA can now contribute to The Fund as individuals or on a firm basis. NVCA members will not only have the opportunity to contribute financial resources to The Fund, but will also be in a position to mentor the young companies in which The Fund invests.

For every company in which The Fund invests, NVCA/NewSchools will hold a board seat and work actively with the management team to create a scalable, high-quality, and sustainable enterprise that has a demonstrable positive effect on student outcomes in areas of great need. These investments might include, but are not limited to, new recruitment training programs for teachers and principals, assessments and data systems to guide instruction and inform parents, and open-source solutions for curriculum and assessment.

Over the last ten years, NewSchools has managed three funds, totaling $125 million to date, and has used these funds to help grow more than 40 high-performing organizations, including Teach for America, New Leaders for New Schools, Revolution Foods, and sixteen charter school management organizations that, at scale, will operate more than 300 schools and serve more than 100,000 children.

"Entrepreneurs backed by NewSchools are proving that all children can meet high standards if given the right tools and the right environment," said Ted Mitchell, CEO of NewSchools. "We are thrilled to partner with NVCA, which has been a hub of entrepreneurship and entrepreneurial activity across the economic spectrum."

The NVCA-NewSchools K-12 Education Infrastructure Fund effort advances further the goals of the NVCA MAGNET USA Program, an initiative to promote U.S. competitiveness through improvements to education, immigration, research and development, and the US capital markets. Announced in 2006, MAGNET USA remains a cornerstone of the public policy and communications activities of the Association.

About NVCA

The National Venture Capital Association (NVCA) represents approximately 480 venture capital and private equity firms. NVCA's mission is to foster greater understanding of the importance of venture capital to the U.S. economy, and support entrepreneurial activity and innovation. According to a 2007 Global Insight study, venture-backed companies accounted for 10.4 million jobs and $2.3 trillion in revenue in the United States in 2006. The NVCA represents the public policy interests of the venture capital community, strives to maintain high professional standards, provides reliable industry data, sponsors professional development, and facilitates interaction among its members. For more information about the NVCA, please visit www.nvca.org.

About NewSchools Venture Fund

NewSchools Venture Fund is a national nonprofit venture philanthropy firm that has been working since 1998 to transform public education for underserved children by supporting education entrepreneurs who create nonprofit and for-profit organizations that have the power to catalyze system-wide change. Its current investment strategy focuses on increasing the supply of high-quality public schools for underserved students, enabling traditional and charter school systems to become performance-driven in their practices, and enhancing the pipeline of talented people into and across the public school system. Its investments are designed to make a significant systemic impact in some of the nation's most challenged urban communities, including New York City, Chicago, Washington, D.C., New Orleans, Los Angeles, and Oakland, California. For more information, see www.newschools.org.

Add to DiggBookmark with del.icio.usAdd to Newsvine

Media Contacts:

Julie Petersen
Communications Director
NewSchools Venture Fund
[email protected]
415-615-6863

Emily Mendell
Director of Strategic Affairs
National Venture Capital Association
[email protected]
610-565-3904

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that IoT Global Network has been named “Media Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. The IoT Global Network is a platform where you can connect with industry experts and network across the IoT community to build the successful IoT business of the future.
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
DXWorldEXPO LLC announced today that Kevin Jackson joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Kevin L. Jackson is a globally recognized cloud computing expert and Founder/Author of the award winning "Cloud Musings" blog. Mr. Jackson has also been recognized as a "Top 100 Cybersecurity Influencer and Brand" by Onalytica (2015), a Huffington Post "Top 100 Cloud Computing Experts on Twitter" (2013) and a "Top 50 C...
When applications are hosted on servers, they produce immense quantities of logging data. Quality engineers should verify that apps are producing log data that is existent, correct, consumable, and complete. Otherwise, apps in production are not easily monitored, have issues that are difficult to detect, and cannot be corrected quickly. Tom Chavez presents the four steps that quality engineers should include in every test plan for apps that produce log output or other machine data. Learn the ste...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
Enterprises are universally struggling to understand where the new tools and methodologies of DevOps fit into their organizations, and are universally making the same mistakes. These mistakes are not unavoidable, and in fact, avoiding them gifts an organization with sustained competitive advantage, just like it did for Japanese Manufacturing Post WWII.
When building large, cloud-based applications that operate at a high scale, it's important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. "Fly two mistakes high" is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes. In his session at 18th Cloud Expo, Le...
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term.
With more than 30 Kubernetes solutions in the marketplace, it's tempting to think Kubernetes and the vendor ecosystem has solved the problem of operationalizing containers at scale or of automatically managing the elasticity of the underlying infrastructure that these solutions need to be truly scalable. Far from it. There are at least six major pain points that companies experience when they try to deploy and run Kubernetes in their complex environments. In this presentation, the speaker will d...
Machine learning provides predictive models which a business can apply in countless ways to better understand its customers and operations. Since machine learning was first developed with flat, tabular data in mind, it is still not widely understood: when does it make sense to use graph databases and machine learning in combination? This talk tackles the question from two ends: classifying predictive analytics methods and assessing graph database attributes. It also examines the ongoing lifecycl...
Daniel Jones is CTO of EngineerBetter, helping enterprises deliver value faster. Previously he was an IT consultant, indie video games developer, head of web development in the finance sector, and an award-winning martial artist. Continuous Delivery makes it possible to exploit findings of cognitive psychology and neuroscience to increase the productivity and happiness of our teams.
CloudEXPO New York 2018, colocated with DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
Digital transformation has increased the pace of business creating a productivity divide between the technology haves and have nots. Managing financial information on spreadsheets and piecing together insight from numerous disconnected systems is no longer an option. Rapid market changes and aggressive competition are motivating business leaders to reevaluate legacy technology investments in search of modern technologies to achieve greater agility, reduced costs and organizational efficiencies. ...