According to the NewSchools Venture Fund it should be venture capitalists.
What is NewSchools Venture Fund?
This is an investment organization that has an all-white, 10 member board of directors, whose combined portfolio reaches deep into U.S. corporate and entrepreneurial investment endeavors.
Their stated purpose opens with– “Our mission is to transform public education through powerful ideas and passionate entrepreneurs…” Of course what they don’t openly say is that this work will lead to profit for investors, their companies and the individual portfolios of many entrepreneurs.
What they seek is public money to be diverted from public schools leading to investment gains in technology, real estate, curriculum, corporate charters, high paid “non-profit” charter managers and the growing education “consulting” industry.
In education, they are connected to much of the school “reform” industry. If you look at their strategies in individual cities, they are not about educating all kids.
The description of the Board members of New School Venture Fund reads as follows:
Venture capital investor in the medical, healthcare and biotechnology sectors.
Sponsor of a series of investments including Compaq, Cypress, Intuit, Netscape, Lotus, Millennium Pharmaceuticals, S3, Sun Microsystems, Amazon.com, Symantec and Google.
Founder and CEO of Silicon Compilers and currently serves on the Board of Directors of Google.
Founder of LAUNCH Media Inc. in 1994, which delivered music and music-related content online, and he led the company through its acquisition by Yahoo! in 2001.
Managing Director of Endeavor Catalyst which is is leading the formation and capital raise of the fund supporting high-impact entrepreneurs in emerging markets and a partner at Soda Rock Partners LLC, supporting entrepreneurs to build leading high-growth companies and organizations.
Has served on the board of more than 25 venture-backed companies across a broad range of industries including Danger Inc (Acquired Nasdaq: MSFT), Sabrix (Acquired NYSE: TWX), Quinstreet (IPO Nasdaq: QNST), Stonyfield Farms (Acquired Groupe Danone), Account Now (Private), Mirra (Acquired NYSE: STX), Posit Science (Private), Post Communications (Acquired Nasdaq: NCNT). She also served on the Board of the National Venture Capital Association (“NVCA), the Coppola Companies (Francis Ford Coppola), and as Chairman of the USA for Madrid-based FON.
Managing Partner in North Bay Associates and Kokino LLC, and a co-founder of TRQ Management Company, all investment management businesses.
Past president and remains active with Cheyenne Petroleum Company, an oil and gas exploration and production company, and he was a co-founder of Soundview Real Estate Partners, a real estate investment company. In addition, he serves on the boards of various companies in the pharmaceutical industry.
Focuses on investments in the financial-services sector and in emerging software technologies. Has been called a “serial entrepreneur.” Founding CEO of Good Technology (acquired by Motorola); co-founder of Drugstore.com (DSCM) and general manager and president of Optical Engineering, Inc. Has worked at Netscape, Hewlett Packard and Bain.
For the complete description of the Board, see below. You can also learn more from their website at:
http://www.newschools.org/team
Their Milwaukee connection is through Deborah McGriff, a “Team” member, who served as a deputy Superintendent for Milwaukee Public Schools.
At the 2014 conference Howard Fuller gave opening comments. They can be seen at:
Full descriptions of NewSchool Venture Fund Board:
• Brook Byers, Partner, Kleiner Perkins Caufield & Byers
• John Doerr, Partner, Kleiner Perkins Caufield & Byers
• Chris Gabrieli, Co-Founder and Chairman, Massachusetts 2020
• Dave Goldberg, Chief Executive Officer, SurveyMonkey
• Laurene Powell Jobs, Founder and Chair of the Board, Emerson Collective
• Joanna Rees, Founder and Managing Partner, VSP Capital
• Jon Sackler, Managing Partner, North Bay Associates and Kokino LLC
• Kim Smith, Co-Founder and Chief Executive Officer, Pahara Institute
• Rob Stavis, Partner, Bessemer Venture Partners
• Dave Whorton, Managing Director, Tugboat Ventures
(more…)