![]() ![]() Those of you who think like deVos that privatization is the simple answer, ask yourself what problem you are trying to solve. Teaching is not improved by making it a for-profit factory setting kids up to score well on an artificial test. School officials don’t and should not have the spare time on their hands for venture capital investments. You cheer for this school’s stroke of luck now, but you’d be calling for the hanging of school administrators if they had put all their money into MySpace. ![]() It was still gambling and no responsible school administration should be playing the markets. MacDailyNews Take: Congrats to Saint Francis High School and their students! “In 1996, the fund returned $2.1 million on a $25,000 investment in Advanced Fibre Communications, a telecom services company, according to the school’s website.” “Saint Francis established its growth fund in 1990 as a way of generating additional revenue for the school,” Griswold reports. “The money will be used ‘accelerate’ the school’s pursuit of goals outlined by its ‘strategic plan,’ which include launching a comprehensive STEM program, expanding funding for financial aid, and providing additional training to faculty and staff.” “Saint Francis High School a private Roman Catholic school in Mountain View, California,” Alison Griswold reports for Quartz. The remaining 700,000 shares that they held onto are now worth more than $17 million, after the stock closed at $24.48 a share on Thursday.” “The school says they sold two-thirds of their 2.1 million Class A shares at $17 each, to raise $24 million. The share price rocketed another 44 per cent higher when trading began Thursday,” Coleman reports. “The private Roman Catholic school held onto the investment until this week, when Snap shares sold for $17 each in an IPO. ‘I don’t think there have been any other high schools that have invested so early in a company such as Snap,’ he told Quartz.” Barry Eggers, the parent who organized the deal, said the payoff was unprecedented for a school like Saint Francis. “They had been invited to do so by one of the student’s parents, a venture capital investor, the high school president says in a letter issued to the school community Thursday. in 2012, when the company was just getting started,” Coleman reports. “The board of the Saint Francis high school in Mountain View agreed to invest $15,000 in seed money in Snap Inc. If you are interested in joining the Snapchat craze and learning the basics, please check out this step-by-step guide outlined in this book.“A California high school has made millions of dollars from the initial public offering of shares in Snap Inc., the company behind the Snapchat photo messaging application,” Ashley Coleman reports for The Daily Mail. With new users signing up by the day, Snapchat is red hot at the moment! 13 to 34-year-old smartphone users are on Snapchat, and Snapchat recently overtook Facebook in the number of daily video views. If you want to reach a younger audience and remain abreast with social media happenings, Snapchat is surely for you. ![]() After it launched in 2011, Snapchat has become a social media phenomenon – it is one of the world’s fastest growing social networking apps with 150 million active daily users who view 10 billion videos every day - and it is expected to keep growing. It’s all over the place, and it isn’t going away anytime soon.
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