Venture Philanthropy: Silicon Valley Invests in Education

Venture capitalists expect big returns on their investments. Should philanthropy be governed by the same principal? These days dot-com millionaires are giving money to education reform – they call it “venture philanthropy” – and they’re demanding measurable results. Kim Smith, of the NewSchools Venture Fund, talks about making smart investments in education.

Women of the 21st Century

These strong-voiced women are authors, reserachers, mentors and activists—the kind of women who will shape America’s new century.

Tiffany Shlain, 30

Web Site Helps Parents Shop For A School

Arizona has more charter schools than any other state in the nation. With so many options, selecting a school can be difficult.

A new Web site is trying to make it easier for parents to do one-stop shopping for a school that’s right for their family. The Web site includes information about a school’s test scores, report cards from the state and the experience level of teachers.

Viewers can search for information by selecting a school name, district or city. The service, Greatschools.net, is free and void of advertisements.

New Education Fund Aids Charter Schools

A NEW ERA of options in education was welcomed in Oakland last week when school Superintendent Dennis Chaconas told hundreds of parents and students that “Oakland must build competition within the system with smaller, more autonomous schools that have high standards.”

He was speaking at the new Aspire Public School dedication, held at the former home of East Oakland’s St. Louis Bertrand Catholic School.

Nonprofit Group Aims To Groom New Breed of Leaders

A former Clinton administration official is trying to drum up $4 million to finance a nonprofit organization aimed at putting first-class principals in urban schools. Much like the Teach For America program, started 10 years ago to send recent college graduates into classrooms in high-need districts, New Leaders for New Schools plans to recruit experienced teachers, along with high fliers from outside education, and groom them for school leadership.

Cyber Saints Dot-com millionaires are willing to risk their money in new charities – but demand success

Call it venture philanthropy.

Reed Hastings admits he got lucky. Pure Software, the Silicon Valley company he founded in 1990, made a fortune when it went public. Then he sold the company and could have retired. At 37.

Instead, the former high school math teacher turned to a cause dear to his heart: improving American education. And he had more to offer than cold cash: He had a businessman’s instinct for picking which of the thousands of well-intentioned ideas floating around the non-profit world were weak and which could make a big impact.