Changes

[[File:DormRoomFundLogoDRF.png|thumb|right|300px|DormRoomFundLogo.pngcenter]]

== Overview<br/> ==

<span styleid="fontdocs-internal-guid-size:small;">Dorm Room Fund (<span data198f9028-scaytid="1" datade14-scayt_word="DRF">DRF</span>) is a student0153-run venture firm that invests in student9143-run companies. Launched in September 2012 and backed by [http://firstround.com/ First Round Capital],&nbsp;</spanffbfe260f63e"><span style="font-size:small11pt;">they provide&nbspfont-family: Arial;average investments of $15color: rgb(0,000 - $200,000 for student run start0); background-ups.</span><span style="color: transparent; font-sizevariant-numeric: smallnormal;">&nbsp;The DRF's overall mission is to inspire and support more careers in the startup industry. Apart from funding,&nbsp;<span datafont-variant-scaytid="2" dataeast-scayt_word="DRF">DRF</span> also offers their members&nbspasian: normal;discounts and partnerships with premier service providers, public relations, mentorship</span><span style="fontvertical-sizealign: smallbaseline;">, <span datawhite-scaytid="5" dataspace: pre-scayt_word="DRFwrap;">Dorm Room Fund (DRF</span> events, and access to ) is a national network of amazing five-year-old venture capital firm that invests in student entrepreneursfounded companies.&nbsp;&nbsp;The Dorm Room Fund currently has firm, backed by First Round Capital, invests in companies where at least one founding member is a student groups&nbsp;based out , undergraduate or graduate. DRF’s investment teams consist of small committees of students on campuses in the New York City, Boston, Philadelphia, and the San Francisco Bay Area. Each investment team is given $500, Philadelphia, and Boston000 to invest in student-run startups in order to bring their ideas from the “dorm to the market.”</span><span style="font-size: small;">&nbsp;</span>

= Purpose = The Program ==

<span id="docs-internal-guid-198f9028-de14-368a-bdbe-675fcea3cefa"><span style="font-size:small11pt; font-family: Arial; color: rgb(0, 0, 0); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal;">The main purpose of <span datavertical-align: baseline; white-scaytid="7" dataspace: pre-scayt_word="DRFwrap;">Dorm Room Fund</span>&nbsp;is to help student Once accepted into the program, founders take their ideas from their dorm room are given access to all of the market while resources at DRF. On top of providing their members with an entrepreneurial education. The main ways $20,000 of achieving this goal are through investmentscapital, access DRF investment partners meet regularly with founders to their huge support networkhelp them learn fundraising, launch strategy, growth, and vast recourseshiring. All In addition, DRF connects founders to a vibrant community of the <span datatalented entrepreneurs, world-scaytid="8" data-scayt_word="DRF">DRF</span> class advisors, investors are students, making it an organization for students led by studentsindustry leaders, and mentors to help them solve their key problems. &nbsp;</span></span>

= Distinct Differences From Other Offerings == <span style="font-size:large;"><span style="font-family:arial,helvetica,sans-serif;">'''Stats'''</span></span> ===<ul style="margin-top:0pt;margin-bottom:0pt;"><li><span style="color:#000000;"><span id="docs-internal-guid-198f9028-de1d-beb9-fa6f-43e9b5f372d7"><span style="font-size: 11pt; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"><span style="font-size: 11pt; background-color: transparent;">DRF has invested in 150 startups that have gone on to raise over $300 million in additional funding from Andreessen Horowitz, First Round Capital, Union Square Ventures, Sequoia Capital and more. Here are a few of those startups:</span></span></span></span></li></ul>

[[File:Partners.png|border|center|Partners.png]]<ul style="margin-top:0pt;margin-bottom:0pt;"><li><span style= How It Is Run"color:#000000;"><span><span style="font-size: 11pt; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">DRF represented the largest community in Y Combinator's Spring 2017 batch with 8 startups.</span></span><br/span> </li><li><span style="color:#000000;"><span id="docs-internal-guid-198f9028-de1d-beb9-fa6f-43e9b5f372d7"><span style="font-size: 11pt; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Over $1 billion in value has been created by DRF companies. With multiple portfolio companies raising rounds of over $10 million within the last 6 months alone, students are rapidly building some of the most promising companies in the country.</span></span></span></li><li><span style="color:#000000;"><span id="docs-internal-guid-198f9028-de1d-beb9-fa6f-43e9b5f372d7"><span style="font-size: 11pt; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Student founders come from schools all across North America:</span></span></span></li></ul>

<span style="font-size[[File:small;">Which start-up ventures the <span data-scaytid="12" data-scayt_word="DRF">Dorm Room Fund</span>&nbsp;invests in is entirely '''decided upon by the student investors,'''&nbsp;meaning the investors can truly relate to what other students are trying to accomplish and the problems a student start-up may encounterSchools. By using this approach to start up investment, it gives the <span data-scaytid="13" data-scayt_word="DRF">DRF</span> a very unique perspective compared to traditional investment teamspng|border|center|Schools. &nbsp;&nbsp;</span>png]]

== = <span style="font-size:large;">'''FinancingHow to Apply&nbsp;''' </span> ===

<span id="docs-internal-guid-198f9028-de1a-5059-00c2-0c8aeafcff54"><span style="font-size:small11pt; font-family: Arial; color: rgb(0, 0, 0); font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Student founders can submit an application to the DRF invests on website with the option to include a founder-friendly uncapped convertible notepitch deck. This means that The website stresses the student investment group loans money to a startup, but instead importance of receiving the invested money back after two main components in an application. The first thing partners look for is a certain time period, strategy for how the note converts into stock.&nbsp;However, if the startup is successful without raising additional company plans to grow either capital or pursuing equity financing, the note may not convert users quickly and effectively. The second thing they look for is where the startup can choose ideas are coming from. DRF partners want to simply repay have faith in the note plus a very nominal (around 2%) interest rate. The Dorm Room Fund operates as transparently as possible so that every aspect success of their terms and conditions the people they are clearly understood.&nbsp;Knowing the risk in investing in student start-ups, the DRF fully understands that a '''failed company is not the same as a failed entrepreneur'''. As long as all persons involved learned from the failureBased off of these criteria, the student investment group views the money invested in the student start-up as tuition paid toward an entrepreneurial education. The Dorm Room Fund takes partners decide whether or not a loss and the founders '''DO NOT need to repay the money''startup should join DRF'&nbsp;under any circumstancess program.</span><div></divspan>== '''The&nbsp;Support System'''<br/> ==

<span style="font-size:small;">The most incredible thing about this program by far is the knowledge and experience that the RA ([http://dormroomfund.com/about#advisors DRF Advisors]) support system gives to the student entrepreneurs.= Contact'''&nbsp;The 60 RA's have a combined 450 years of entrepreneurial experience and together have produced $2.7 Billion in exit revenue. This network gives students accepted into the program a huge advantage from the advice and recourses they receive.&nbsp;</span>'' ==

[https://dormroomfund.com/ <span id= Impact Achieved For Students and Campus "docs-internal-guid-198f9028-ddfc-152c-bbf9-e2ef1ed5c871"><span style="font-size: 11pt; font-family: Arial; color: rgb(45, 86, 136); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Website</span><span style="text-decoration-line: underline; font-size: 11pt; font-family: Arial; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"></span></span>]

[https://www.facebook.com/DormRoomFund <span styleid="fontdocs-internal-guid-198f9028-ddfc-152c-bbf9-size:mediume2ef1ed5c871"><span style="font-size:small11pt; font-family: Arial;">Even though the program is fairly young color: rgb(celebrating its first year45, 86, 2013136),&nbsp;<span databackground-color: transparent; font-variant-numeric: normal; font-scaytid="21" datavariant-scayt_word="DRF">DRF</span> has already funded 24 companies. The successful ones can all be viewed at <span dataeast-scaytid="26" dataasian: normal; vertical-scayt_word="DRFs">DRFs</span> [httpalign://dormroomfund.com/portfolio, portfolio page]&nbspbaseline;or in the gallery below. The portfolio CEO's come from a variety of schools which include <span datawhite-scaytid="28" dataspace: pre-scayt_word="Upennwrap;">UpennFacebook</span>, Columbia, Stanford, <span data-scaytidstyle="29" datatext-decoration-scayt_word="UC">UC</span> Berkeley, NYU, Dartmouth, MIT, and Princetonline: underline; like the universities listed, the&nbspfont-size: 11pt;companies funded are in extremely different fields</span>.</span> <gallery mode="packedfont-hover">Filefamily:A&B.png|FileArial; color:Addy.png|Filergb(17, 85, 204); background-color:Buzz.png|Filetransparent; font-variant-numeric:Dagnedover.png|Filenormal; font-variant-east-asian:Databetes.png|Filenormal; vertical-align:Firefly.png|Filebaseline; white-space:FiscalNote.pngFile:Outline.png|File:Pagevamp.png|File:RadiatorLabs.png|File:Skillbridge.png|File:Suneris.png|File:Tiptopspeakers.png|File:Wham.png|File:ZenKars.png|pre-wrap;"></span></galleryspan>]

[https://twitter.com/DormRoomFund <span id= Steps Required To Bring Resource to Campus "docs-internal-guid-198f9028-ddfc-152c-bbf9-e2ef1ed5c871"><span style="font-size: 11pt; font-family: Arial; color: rgb(45, 86, 136); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Twitter</span></span>]

[https://medium.com/@dormroomfund <span style="background-color: transparent; font-size:small11pt; font-family: Arial;">The Dorm Room Fund mainly operates in the 5 cities listed abovecolor: rgb(45, 86, but state on the website that the student investment group does not completely rule out investing in companies outside of those particular 5 cities. If you do live in [http136); font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align://dormroomfund.com/newyork New York City],&nbspbaseline;[httpwhite-space:pre-wrap;">Medium Blog<//dormroomfund.com/bayarea San Francisco Bay Areaspan>],&nbsp;<div>Last Edited by: [http://dormroomfunduniversityinnovation.comorg/wiki/philly PhiladelphiaCheyanne_Wheat Cheyanne Wheat], and&nbsp;[http://dormroomfunduniversityinnovation.comorg/wiki/boston BostonLiyang_Feng Liyang Feng]&nbsp;follow these links to learn more about the specific network in your city. To get them associated with your campus, simply get a start up from your school to fill out the&nbsp;[http://dormroomfunduniversityinnovation.comorg/wiki/apply application formJoshua_Lim Joshua Lim]. Since the Dorm Room Fund is in its infancy (1 year old!) and has already spread to five major cities, the possibilities to spread to additional locations, especially if there is already an established entrepreneurial environment, are open.</spandiv>

= Contact Information = <span style="font-size:small;">If interested, the best way to contact the Dorm Room Fund is through their website,&nbsp;[http://dormroomfund.com/ dormroomfund.com]. On the website you will find a contact form and a tab to submit a business idea to be accepted into their program. You can also connect with the student investment group on&nbsp;[httpsCategory://www.facebook.com/DormRoomFund FacebookOrganizations]&nbsp;and&nbsp;[https://twitter.com/dormroomfund Twitter].</span>