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
The essence of data analysis involves setting up data pipelines that consist of several operations that are chained together – starting from data collection, data quality checks, data integration, data analysis and data visualization (including the setting up of interaction paths in that visualization). In our opinion, the challenges stem from the technology diversity at each stage of the data pipeline as well as the lack of process around the analysis.
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discuss how businesses can gain an edge over competitors by empowering consumers to take control through IoT. We'll cite examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He'll also highlight how IoT can revitalize and restore outdated business models, making them profitable...
As machines are increasingly connected to the internet, it’s becoming easier to discover the numerous ways Industrial IoT (IIoT) is helping to shape the business world. This is exactly why we have decided to take a closer look at this pervasive movement and to examine the desire to connect more things! Now if you need a refresher on IIoT and how it is changing the world, take a moment and listen to Greg Gorbach with ARC Advisory Group. Gorbach believes, "IIoT will significantly change the worl...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
Enterprise networks are complex. Moreover, they were designed and deployed to meet a specific set of business requirements at a specific point in time. But, the adoption of cloud services, new business applications and intensifying security policies, among other factors, require IT organizations to continuously deploy configuration changes. Therefore, enterprises are looking for better ways to automate the management of their networks while still leveraging existing capabilities, optimizing perf...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit y...
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device. For more information, please visit https://www.mangoapps.com/.
Many banks and financial institutions are experimenting with containers in development environments, but when will they move into production? Containers are seen as the key to achieving the ultimate in information technology flexibility and agility. Containers work on both public and private clouds, and make it easy to build and deploy applications. The challenge for regulated industries is the cost and complexity of container security compliance. VM security compliance is already challenging, ...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo New York Call for Papers is now open.
SYS-CON Events announced today that ContentMX, the marketing technology and services company with a singular mission to increase engagement and drive more conversations for enterprise, channel and SMB technology marketers, has been named “Sponsor & Exhibitor Lounge Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York. “CloudExpo is a great opportunity to start a conversation with new prospects, but what happens after the...
Designing IoT applications is complex, but deploying them in a scalable fashion is even more complex. A scalable, API first IaaS cloud is a good start, but in order to understand the various components specific to deploying IoT applications, one needs to understand the architecture of these applications and figure out how to scale these components independently. In his session at @ThingsExpo, Nara Rajagopalan is CEO of Accelerite, will discuss the fundamental architecture of IoT applications, ...
In his session at 18th Cloud Expo, Bruce Swann, Senior Product Marketing Manager at Adobe, will discuss how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects). Bruce Swann has more than 15 years of experience working with digital marketing disciplines like web analytics, social med...
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
Customer experience has become a competitive differentiator for companies, and it’s imperative that brands seamlessly connect the customer journey across all platforms. With the continued explosion of IoT, join us for a look at how to build a winning digital foundation in the connected era – today and in the future. In his session at @ThingsExpo, Chris Nguyen, Group Product Marketing Manager at Adobe, will discuss how to successfully leverage mobile, rapidly deploy content, capture real-time d...
IoT generates lots of temporal data. But how do you unlock its value? How do you coordinate the diverse moving parts that must come together when developing your IoT product? What are the key challenges addressed by Data as a Service? How does cloud computing underlie and connect the notions of Digital and DevOps What is the impact of the API economy? What is the business imperative for Cognitive Computing? Get all these questions and hundreds more like them answered at the 18th Cloud Expo...