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Fall 2011 Investors Update. November 10, 2011. Call Logistics. Muting. introduction. If on phone line, please mute to prevent background noise. How to Submit Questions. Type your question in the chat window, or click “raise hand” button. Agenda. Overview of Investment Activity
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Fall 2011 Investors Update November 10, 2011
Call Logistics • Muting • introduction • If on phone line, please mute to prevent background noise How to Submit Questions Type your question in the chat window, or click “raise hand” button Fall 2011 Investors Update Call
Agenda Overview of Investment Activity Recent Investments Venture Spotlight – Presence Learning Q & A introduction Fall 2011 Investors Update Call
Speakers Gloria Lee Ted Mitchell Deborah Mintz Cameron White introduction Fall 2011 Investors Update Call
Overview of Investment Activity
Investment activity Active Investment Areas NewSchools Innovation Fund City Funds People (Effective Teacher Preparation) Tools (Personalized Learning Solutions) Schools (Turnaround School Organizations) Washington, DC Boston, MA Newark, NJ Fall 2011 Investor Update Call
Funds Invested and Remaining Total amount raised: $70.3 million Remaining under active management: $43.6 million Investment activity Fall 2011 Investors Update Call
Innovation fund investments Recent Investments Tools $175k Schools $700k People $1.1 million • Total recent amount: $1,975,000 Fall 2011 Investors Update Call
Innovation fund investments ReNEW Schools • ReNEW is a school management organization in New Orleans that launched two turnarounds of underperforming RSD schools in 2010. ReNEW will operate ten schools serving 5,000 students by 2014. • Entrepreneurs: • Gary Robicheaux, Kevin Gutierrez, Colleen MacKay • Investment Amount: • $450,000 Fall 2011 Investors Update Call
Innovation fund investments Houston Teaching Partners • Houston Teaching Partners is creating a continuum of performance-based teacher prep from alternative certification to a master’s degree program in Years 2-5. • Entrepreneurs: • Collaboration between KIPP Houston (Mike Feinberg) and YES Prep (Jen Hines) • Investment Amount: • $100,000 Fall 2011 Investors Update Call
Innovation fund investments Relay School of Education • Relay is a graduate school of education that trains new teachers for charter and district schools. • Entrepreneur: • Norman Atkins, CEO • Investment Amount: • $1,000,000 Fall 2011 Investors Update Call
Innovation fund investments Matchbook Learning • Matchbook Learning is a new, non-profit school turnaround operator using a hybrid school learning model. • Entrepreneur: • Sajan George • Investment Amount: • $250,000 Fall 2011 Investors Update Call
Innovation fund investments Grockit • Grockit helps students prepare for major national tests through online social learning. • Entrepreneur: • Roy Gilbert • Investment Amount: • $100,000 Fall 2011 Investors Update Call
Innovation fund investments Class Dojo • ClassDojo is a cloud-based tool that helps teachers easily manage classroom behavior in real time so they can focus on teaching. • Entrepreneurs: • Sam Chaudhary and Liam Don • Investment Amount: • $100,000 Fall 2011 Investors Update Call
City Fund investments NewSchools City Funds Boston Scale high-performing charter schools Newark Grow the CMO market and strengthen the human capital pipeline DC Bolster charter sector to raise the bar for all DC schools Boston Newark DC Fall 2011 Investors Update Call
City Fund investments DC Schools Fund • Focus for 2011-12: Instructional Capacity Building Pilot • LearnZillion is a web-based platform with video lessons aligned with the common core • $150K investment • Charter Board Partners helps DC charter schools with targeted board member placement and support $625K investment Fall 2011 Investors Update Call
City Fund investments Boston Charter School Replication Fund • $3.01M total investment to 4 emerging CMOs • Grants during first 2 years of operation to support high-quality growth • Edward Brooke2300 students by 2015 • Excel Academies1100 students by 2015 • MATCH Inc.1220 students by 2015 • Roxbury Prep1790 students by 2015 Fall 2011 Investors Update Call
Newark City Fund • Investment Strategy • City Fund Investments • Help new and existing CMOs grow in Newark • Strengthen the human capital pipeline • Stimulate innovation for blended-learning • Collaborate with leadership on systemic reform initiatives Fall 2011 Investors Update Call
Venture spotlight Presence Learning • Presence Learning gets students the specialized services they need by providing online speech and language therapy. • Entrepreneurs: • Jack Lynch and Clay Whitehead, CEO • Investment Amount: • $300,000 Fall 2011 Investors Update Call
Closing Questions? Fall 2011 Investors Update Call
closing Visit Us Online www.newschools.org www.facebook.com/newschools www.twitter.com/nsvf http://newschools.org/blog NewSchools Venture Fund