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
|By Marketwired .
|May 8, 2008 12:00 PM EDT
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
"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
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.
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
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
NewSchools Venture Fund
Director of Strategic Affairs
National Venture Capital Association
Security, data privacy, reliability and regulatory compliance are critical factors when evaluating whether to move business applications from in-house client hosted environments to a cloud platform.
In her session at 18th Cloud Expo, Vandana Viswanathan, Associate Director at Cognizant, In this session, will provide an orientation to the five stages required to implement a cloud hosted solution validation strategy.
Jul. 26, 2016 08:15 AM EDT Reads: 943
"Avere Systems is a hybrid cloud solution provider. We have customers that want to use cloud storage and we have customers that want to take advantage of cloud compute," explained Rebecca Thompson, VP of Marketing at Avere Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 26, 2016 07:45 AM EDT Reads: 2,021
"We formed Formation several years ago to really address the need for bring complete modernization and software-defined storage to the more classic private cloud marketplace," stated Mark Lewis, Chairman and CEO of Formation Data Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 26, 2016 07:30 AM EDT Reads: 1,568
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files.
In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
Jul. 26, 2016 06:15 AM EDT Reads: 1,792
There will be new vendors providing applications, middleware, and connected devices to support the thriving IoT ecosystem. This essentially means that electronic device manufacturers will also be in the software business. Many will be new to building embedded software or robust software. This creates an increased importance on software quality, particularly within the Industrial Internet of Things where business-critical applications are becoming dependent on products controlled by software. Qua...
Jul. 26, 2016 06:15 AM EDT Reads: 1,416
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise.
In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
Jul. 26, 2016 06:00 AM EDT Reads: 1,887
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2016 Silicon Valley.
The 19th Cloud Expo and 6th @ThingsExpo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Interne...
Jul. 26, 2016 05:15 AM EDT Reads: 2,084
Large scale deployments present unique planning challenges, system commissioning hurdles between IT and OT and demand careful system hand-off orchestration.
In his session at @ThingsExpo, Jeff Smith, Senior Director and a founding member of Incenergy, will discuss some of the key tactics to ensure delivery success based on his experience of the last two years deploying Industrial IoT systems across four continents.
Jul. 26, 2016 05:00 AM EDT Reads: 1,529
Most organizations prioritize data security only after their data has already been compromised. Proactive prevention is important, but how can you accomplish that on a small budget? Learn how the cloud, combined with a defense and in-depth approach, creates efficiencies by transferring and assigning risk. Security requires a multi-defense approach, and an in-house team may only be able to cherry pick from the essential components.
In his session at 19th Cloud Expo, Vlad Friedman, CEO/Founder o...
Jul. 26, 2016 04:30 AM EDT Reads: 1,902
"We host and fully manage cloud data services, whether we store, the data, move the data, or run analytics on the data," stated Kamal Shannak, Senior Development Manager, Cloud Data Services, IBM, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 26, 2016 04:15 AM EDT Reads: 1,241
CenturyLink has announced that application server solutions from GENBAND are now available as part of CenturyLink’s Networx contracts.
The General Services Administration (GSA)’s Networx program includes the largest telecommunications contract vehicles ever awarded by the federal government. CenturyLink recently secured an extension through spring 2020 of its offerings available to federal government agencies via GSA’s Networx Universal and Enterprise contracts.
GENBAND’s EXPERiUS™ Application...
Jul. 26, 2016 03:45 AM EDT Reads: 1,836
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
Jul. 26, 2016 03:30 AM EDT Reads: 1,075
"We view the cloud not really as a specific technology but as a way of doing business and that way of doing business is transforming the way software, infrastructure and services are being delivered to business," explained Matthew Rosen, CEO and Director at Fusion, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 26, 2016 02:45 AM EDT Reads: 1,543
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform.
In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
Jul. 26, 2016 02:00 AM EDT Reads: 1,352
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open.
Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Jul. 26, 2016 01:45 AM EDT Reads: 2,202