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NewSchools Venture Fund

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NewSchools Venture Fund

Mission statement:

Our Mission: To transform public education so that all children – especially those underserved – have the opportunity to succeed in the 21st century
Public education is in a crisis. Far too few of our nation’s students are receiving a high-quality public education, let alone mastering the advanced content and skills they will need to succeed in the 21st century. This problem is particularly acute in urban areas, where educators struggle to improve achievement for a large, diverse student population – and within the constraints of a bureaucratic system designed for an earlier era.
Since our founding in 1998, NewSchools has worked to transform public education, particularly for low-income and minority children in historically underserved urban communities. To achieve this goal, we support education entrepreneurs, help them grow their organizations to scale, and help connect their work to broader systems change.
These entrepreneurs increase the supply of new high-quality schools, tools, leaders, and teachers that serve students. They also contribute to the momentum toward more significant improvement within the existing system. By redefining our sense of what is possible in public education, we believe these entrepreneurs have the potential to spark dramatic change in public education so that all our nation’s students are successfully prepared for college, career and citizenship.

History:

NewSchools Venture Fund was created by social entrepreneur Kim Smith and venture capitalists John Doerr and Brook Byers, each of whom had witnessed the power of entrepreneurs to create change in other sectors, such as technology. They had seen these visionary leaders create new, innovative organizations that had a dramatic impact on their field. Recognizing the need for significant change in public education, NewSchools' founders believed that education entrepreneurs could help bring about this change if they were given strategic, hands-on support in starting and growing their organizations.
NewSchools is currently investing its third fund.

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