While reading some other education news, I started wondering about who the investors were in Neil Bush's Ignite!Learning program that is such a crony goodie for the Bush family and which purpose is to teach to the NCLB tests, like TAKS. Ignite's website is incredibly cheesy looking and appears to be designed for morons; also doesn't include much company information
According to this article from 2001, the funding is private
George W. Bush may have left Austin amid much fanfare, but the president's younger brother quietly is heading a local startup that's raising at least $10 million in second-round funding.
Neil Bush's Ignite! Inc., which develops educational software, is hoping to raise a second round in the near future, says Pamela Richardson, chief operating and strategic officer for Ignite! The company raised more than $5 million in first-round funding last year, she says.
Richardson declined to name previous private investors, but documents filed with the U.S. Securities and Exchange Commission indicate the company raised $7.1 million from 53 investors and is seeking $10 million in additional funding, according to online newsletter Private Equity Week, which covers private equity filings with SEC.
(We do know that Mommy Bush gave money to son Neil's company as a Katrina charitable donation-which was spiffy, eh? How many of us can use charity for a writeoff that benefits our kids and still pretend to be philanthropic?
Former first lady Barbara Bush gave relief money to a hurricane relief fund on the condition that it be spent to buy educational software from her son Neil's company
Then I ran across this article, from 2002, that shows that Bush