New York, United States
Oliver Scholars is an education-focused startup that aims to prepare high-achieving Black and Latino students from underserved New York City communities for success at top independent schools and prestigious colleges. Founded in 1984, the organization has a noble mission of providing crucial support for its Scholars to help them realize their full potential and give back to their community. The program was established by founder John Hoffman in partnership with NYC Superintendent Albert G. Oliver, with the first scholars graduating in 1985. The organization has since graduated over 1,000 Alumni, with approximately 30 percent attending Ivy League institutions.
Oliver Alumni are known for their exceptional academic capabilities and leadership qualities, making a difference in various fields including law, finance, medicine, academia, and public service. The startup's impact is significant, with 100 percent of its Scholars from the class of 2018 graduating from high school and matriculating into college. Furthermore, 96 percent of Oliver Scholars graduate from college within five years, showcasing the effectiveness of the organization in nurturing and supporting its students.
Overall, Oliver Scholars is a well-established and impactful organization with a long-standing history and a proven track record of success in preparing minority students for academic excellence and leadership. It presents a compelling investment opportunity for venture capitalists looking to support initiatives that drive meaningful change and provide educational opportunities for underrepresented communities.