Mark Zuckerberg, Facebook CEO announced his new Startup: Education foundation, which focuses on rebuilding failing education systems one city at a time; treating them as if they were startup companies. "School districts need more autonomy and clearer leadership so they can be managed more like startups than like government bureaucracies," Zuckerberg said. "Many people are working on solving a single part of the problem broadly across the whole country. But recently, a few leaders are getting significant results by taking more of a startup approach and moving fast to do all these things at the same time in just one city. If they can prove that it's possible to turn around some of the most difficult urban districts in the country, then that'll generate enough momentum to take the same approach and improve education everywhere."
And what would a startup be without investors? In addition to $23 million allocated to Newark city school district by the State Department of Education, Zuckerberg's foundation will pump $100 million into the district, and the Newark Education and Youth Development Fund will attempt to match it.