1. W INTER 2011 I NVESTOR U PDATE February 9, 2012

2. Call Logistics 2 Winter 2011 Investor Update Muting: INTRODUCTION If on phone line, please mute to prevent background noise. How to Submit Questions: Type your question in the chat window, or click “raise hand” button.

3. Agenda 3 Winter 2011 Investor Update Winter 2011 Investments Spotlight: League of Innovative Schools Q & A INTRODUCTION

4. Speakers 4 Winter 2011 Investor Update Gloria Lee Ted Mitchell Deborah Mintz Ben Riley INTRODUCTION

5. Winter 2011 Investments

6. Funds Invested and Remaining 6 Winter 2011 Investor Update INVESTMENT ACTIVITY Total amount raised: $70 million Remaining under active management: $39.2 million

7. Winter 2011 Overview 7 Winter 2011 Investor Update INNOVATION FUND INVESTMENTS

8. Winter 2011 Investments: Tools

9. Engrade 9 Winter 2011 Investor Update INNOVATION FUND INVESTMENTS Engrade is an online suite of tools that helps teachers manage tasks such as grading, attendance and scheduling. Entrepreneurs: Bri Holt, CEO Zach Posner, Founder Investment Amount: $100,000

10. Goalbook 10 Winter 2011 Investor Update INNOVATION FUND INVESTMENTS Goalbook allows special education teachers to track learning goals for students and share progress online. Entrepreneurs: Daniel Jhin Yoo, CEO Justin Su Investment Amount: $200,000

11. Junyo 11 Winter 2011 Investor Update INNOVATION FUND INVESTMENTS Junyo is building a technology platform that will help schools personalize learning for students by aggregating and analyzing data. Entrepreneur: Steve Schoettler Investment Amount: $250,000

12. MasteryConnect 12 Winter 2011 Investor Update INNOVATION FUND INVESTMENTS MasteryConnect helps teachers find formative assessments that work with both state and Common Core standards, and helps them track student progress toward mastery. Entrepreneurs: Mick Hewitt, Cory Reid Investment Amount: $600,000

13. Winter 2011 Investments: People

14. Match Teacher Residency 14 Winter 2011 Investor Update INNOVATION FUND INVESTMENTS Match Teacher Residency is the teacher training track for participants in MATCH Corps, a residential one- year tutoring fellowship for recent college graduates at MATCH schools in Boston. Entrepreneur: Michael Goldstein, CEO Investment Amount: $1,000,000

15. TeachNow 15 Winter 2011 Investor Update INNOVATION FUND INVESTMENTS TeachNow is a web-based teacher credentialing program emphasizing use of the most up-to-date teacher training research and technologies. Entrepreneur: Emily Feistritzer (Founder and CEO of the National Center for Education Information) Investment Amount: $100,000

16. Winter 2011 Investments: Schools

17. New Paradigm for Education 17 Winter 2011 Investor Update INNOVATION FUND INVESTMENTS New Paradigm for Education is a turnaround SMO based on the model of its flagship school, Detroit Edison Public Schools Academy. Entrepreneur: Ralph Bland, CEO Investment Amount: $224,000

18. NewSchools Spotlight: League of Innovative Schools

19. Questions? 19 Winter 2011 Investor Update Q&A

20. STAY IN TOUCH Visit Us Online 20 www.facebook.com/newschoo ls www.twitter.com/ns vf http://newschools.org/b log www.newschools.or g Winter 2011 Investor Update