Changes

<span id="docs-internal-guid-198f9028-de14-0153-9143-ffbfe260f63e"><span style="font-size: 11pt; font-family: Arial; color: rgb(0, 0, 0); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Dorm Room Fund (DRF) is a five -year -old venture capital firm that invests in student founded companies. The firm, back backed by First Round Capital, invests in companies where at least one founding member is a student, undergraduate or graduate. DRF’s investment teams consist of small committees of students on campuses in the New York, Boston, Philadelphia, and the Bay Area. Each investment team is given $500,000 to invest in student -run startups in order to bring their ideas from the “dorm to the market.”</span></span>

<span id="docs-internal-guid-198f9028-de14-368a-bdbe-675fcea3cefa"><span style="font-size: 11pt; font-family: Arial; color: rgb(0, 0, 0); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Once accepted into the program, founders are given access to all of the resources at DRF. On top of providing $20,000 of capital, DRF investment partners meet regularly with founders to help them learn fundraising, launch strategy, growth, and hiring. In addition, DRF connects founders to a vibrant community of talented entrepreneurs, world-class advisors, investors, industry leaderleaders, and mentors to help them solve their key problems. &nbsp;</span></span>

<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 $300M 300 million in additional funding from Andreessen Horowitz, First Round Capital, Union Square Ventures, Sequoia Capital and more. Here is some examplesare a few of those startups:</span></span></span></span></li>

<li><span style="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 in the recent Spring 2017 batch.</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;">Over $1B 1 billion in value has been created by Dorm Room Fund DRF companies. With multiple portfolio companies raising rounds of over $10M+ 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 the countryNorth America:</span></span></span></li>

<span id="docs-internal-guid-198f9028-de1a-5059-00c2-0c8aeafcff54"><span style="font-size: 11pt; 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 on to the DRF website with the option to include a pitch deck. The website stresses the importance of two main components in an application. The first thing the partners look for is a plan strategy for how the company plans to grow in either capital or users quickly and effectively. The second thing the they look for is where the ideas are coming from and if they . DRF partners want to have faith in the success of the people they are investing in. Based off of these criterias criteria, the investment partners decides rather decide whether or not a company is worth investing instartup should join DRF's program.</span></span>

<div>Last Edited by: [http://universityinnovation.org/wiki/Cheyanne_Wheat Cheyanne Wheat], [http://universityinnovation.org/wiki/Liyang_Feng Liyang Feng], [http://universityinnovation.org/wiki/Joshua_Lim Joshua Lim]</div> [[Category:ResourcesOrganizations]]