Dorm Room Fund Wants to Help Students Start Companies

Some of the biggest tech companies in the world were started on college campuses, but the students behind these startups usually have little choice but to look outside their college community for funding.

First Round Capital, a venture capital firm that often touts itself as thinking outside the box, decided to try changing this by introducing an experimental fund that would give a committee of college students $500,000 to invest in their peers' startups. The Dorm Room Fund, as it's called, launched in Philadelphia in September, just in time for the new school year. Hundreds of students applied to be part of the investment team. First Round Capital eventually selected 11 students from Dr…
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