The Choice Channel

“One year short of its 10th anniversary, NewSchools Venture Fund–a California-based organization that raises venture capital for education entrepreneurs–has raised $100 million in total over the past decade. It’s an amount Chief Executive Officer Ted Mitchell said will continue going to organizations that support its mission to improve public education. ‘It’s important to note that this capital has been channeled toward a variety of entrepreneurial organizations, including for-profits and nonprofits,’ Mitchell said. ‘Some of these organizations have developed new approaches to preparing teachers or leaders, such as Teach for America and New Leaders for New Schools. Others have developed charter management organizations [CMOs] in urban areas across the country.’” (06/07)