The Dorm Room Fund - First Round Capital
I spent some time thinking about how a new venture fund could bridge the disconnect between dorm room ideas and the capital to bring them to life. In my opinion, a fund would:
Be run by students – not suits A student investment team would know the entire student and campus ecosystem – allowing them to find, screen and invest in the best ideas
Be located on campus, so that it constantly has a feel for the vibe on campus
Students are engineers, marketers, financers, writers, doctors, lawyers and researchers – and allow them to focus on investing in companies that disrupt big markets that they (students) have expertise in
Finance students based on their needs. Students are scrappy and often just need that first $10,000 - $20,000 in order to build their product and ship a minimum viable product – let’s call their current stage the dorm room stage
That’s why, today, I’m excited to announce the launch of the first Dorm Room Fund, with a pilot in Philadelphia. This isn’t a business plan competition. It is a student run investment fund and First Round Capital will be committing $500,000 in capital (or $15,000 on average per Company)
