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Seen 'n Heard - Oct,
1997 Issue (page 1)
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Page 1 of 3 - Next
1ST ANNIVERSARY FOR PARENTING TODAY’S TEEN
Diana Kathrein published the Premier Issue of her Newsletter Parenting Today’s Teen in September/October 1996. Still publishing one
year later, the goal is still to provide a “much-needed resource for parents in need of information, help and support to survive and
enjoy the sometimes-tough teenage years.” For more information, phone 619-274-7144.
WHO WILL GO PUBLIC FIRST?
There seems to be almost some kind of competition going on between a few Venture Capital firms around the country who are interested
in investing in youth “at-risk” schools and/or programs. As one program staff told me, this field seems to be currently rather hot.
I’ve also been contacted by a few people over the past year acting as agents for investors interested in buying properties to establish
a school for “at-risk” young people. Venture Capital firms have pools of money from investors and look for businesses who have a successful
track record of at least five years, and annual revenues of at least $5-6 million. The usual goal is to help the business (in this
case schools and/or programs) increase their effectiveness and go through the process of making a stock offering to the public (going
public) . The advantage to the school/program making a stock offering is a large amount of the money from investors buying the stock
becomes available to invest in the expansion of the school/program. In addition, the Venture Capital firm earns a return on their
investment and usually withdraws after about five years. Those concerned with the possibility of any of the schools/programs we work
with going public is the fear that the school/program will change its emphasis to satisfying the stockholders at the expense of individual
service to the children and their parents.
FIRST STUDENTS AT CRATER LAKE SCHOOL
Bobbi Christianson announced in mid-September that Crater Lake School, 888-774- 8724, an accredited school forty miles northeast of
Klamath Falls, Oregon has six students on campus and several more enrollments scheduled. Their first students enrolled on September
1, 1997.
PRIVATE EDUCATOR COLLECTS ON ANTI- DISCRIMINATION SUIT
According to the August 6, 1997 Issue of Education Week, page 17, a Washington state jury awarded $600, 000 in damages to Joan Booms
for being dismissed as head of the Overlake School in the Seattle suburb of Redmond, Washington. She had argued that her “chronic-depressive
episode” involving grieving for the death of her daughter in 1993 constituted a disability for which she could not be dismissed under
a state anti-discrimination law.
Copyright © 1997, Woodbury Reports, Inc. (This article may be reproduced
without prior approval if the copyright notice and proper publication and author attribution accompanies the copy.)
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