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[[File:DormRoomFundLogoDRF.png|thumb|right|300pxcenter]]

== Overview ==

<span styleid="fontdocs-internal-guid-198f9028-size:medium;"><span style="color: rgb(50, 50, 50); linede14-height: 28px;">Dorm Room Fund (DRF) is a student0153-run venture firm that invests in student9143-run companies. Launched in September 2012 they have since grown at an astounding rate. Backed by&nbsp;</spanffbfe260f63e">[http://firstround.com/ First Round Capital]&nbsp;they provide&nbsp;<span style="colorfont-size: rgb(50, 50, 50)11pt; font-family: 'Open Sans', sans-serif; line-height: 28px;">average investments of $15,000 - $20,000 for students run start-ups.&nbspArial;</span><span style="color: rgb(500, 500, 500); linebackground-height: 28px;">They're overall mission is to inspire and support more careers in the startup industry. Apart from funding DRF also offers their members&nbsp;</span><span style="color: rgb(50, 50, 50)transparent; font-family: 'Open Sans', sans-serif; linevariant-height: 28px;">discounts and partnerships with premier service providers, PR,&nbsp;</span>[http://dormroomfund.com/about#advisors mentorship from their incredible RAs]<span style="colornumeric: rgb(50, 50, 50)normal; font-family: 'Open Sans', sansvariant-serif; lineeast-height: 28px;">, DRF events, and access to a national network of other amazing student entrepreneurs.</span><span style="colorasian: rgb(50, 50, 50)normal; linevertical-height: 28px;">&nbsp;&nbsp;They currently have student groups&nbsp;</span><span style="coloralign: rgb(50, 50, 50)baseline; fontwhite-familyspace: 'Open Sans', sans-serif; linepre-height: 28pxwrap;">based out of&nbsp;</span>[http://dormroomfund.com/newyork New York City]<span style="color: rgbDorm Room Fund (50, 50, 50DRF); fontis a five-family: 'Open Sans', sansyear-serif; line-height: 28px;">,&nbsp;</span>[http://dormroomfundold venture capital firm that invests in student founded companies.com/bayarea San Francisco Bay Area]<span style="color: rgb(50The firm, 50backed by First Round Capital, 50); font-family: 'Open Sans', sans-serif; line-height: 28px;">invests in companies where at least one founding member is a student,&nbsp;</span>[http://dormroomfundundergraduate or graduate.com/philly Philadelphia]<span style="color: rgb(50DRF’s investment teams consist of small committees of students on campuses in the New York, 50Boston, 50); font-family: 'Open Sans', sans-serif; line-height: 28px;">Philadelphia, and&nbsp;</span>[http://dormroomfundthe Bay Area.com/boston Boston]<span style="color: rgb(50Each investment team is given $500, 50, 50); font000 to invest in student-family: 'Open Sans', sans-serif; line-height: 28px;">run startups in order to bring their ideas from the “dorm to the market.&nbsp;”</span></span>

= Purpose = The Program ==

<span styleid="fontdocs-internal-guid-198f9028-de14-368a-bdbe-size:medium;675fcea3cefa"><span style="font-size: 11pt; font-family: Arial; color: rgb(500, 500, 500); background-color: transparent; font-familyvariant-numeric: normal; font-variant-east-asian: 'Open Sans', sansnormal; vertical-serifalign: baseline; linewhite-heightspace: 28pxpre-wrap;">The main purpose Once accepted into the program, founders are given access to all of the resources at DRF is . On top of providing $20,000 of capital, DRF investment partners meet regularly with founders to help student them learn fundraising, launch strategy, growth, and hiring. In addition, DRF connects founders take their ideas from their dorm room to the market while providing their members with an entrepreneurial education. Their main ways a vibrant community of achieving this are through investments talented entrepreneurs, world-class advisors, investors, industry leaders, and access mentors to help them solve their huge support network and vast recources. All the DRF investors are students so it really is a organization for students ran by studentskey 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="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'''How It Is Run'''s Spring 2017 batch with 8 startups.</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 $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><br/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:medium;">What start-ups the DRF invests in is entirely decided upon by the student investorsSchools. This means that the investors can really relate to both what other students are trying to do and the problems they may encounterpng|border|center|Schools. &nbsp;By using this approach to start up investment it gives the DRF a very different way of looking at start-ups compared to the traditional investment teams. &nbsp;&nbsp;</span>png]]

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

<span styleid="fontdocs-internal-guid-198f9028-de1a-5059-00c2-size:medium;0c8aeafcff54"><span style="font-familysize: 'Open Sans', sans-serif11pt; linefont-heightfamily: 28px;">They invest on a founder-friendly uncapped convertible note. What&nbspArial;</span><span style="font-familycolor: 'Open Sans'rgb(0, 'Helvetica Neue'0, Helvetica, sans0); font-serif; linevariant-heightnumeric: 28pxnormal;">this means that an investor loans money to a startup, but instead of receiving their money back after a certain time period, the note converts into stock.&nbsp;</span><span style="font-familyvariant-east-asian: 'Open Sans', 'Helvetica Neue', Helvetica, sansnormal; vertical-serifalign: baseline; linewhite-heightspace: 28pxpre-wrap;">However, if the startup is successful without raising additional capital or pursuing equity financing, Student founders can submit an application to the note may not convert and DRF website with the startup can choose option to simply repay include a pitch deck. The website stresses the note plus importance of two main components in an application. The first thing partners look for is a very nominal (around 2%) interest rate. At Dorm Room Fund they try very hard strategy for how the company plans to operate as transparently as possible so that every aspect of their terms are clear grow either capital or users quickly and understoodeffectively.&nbsp;</span><span style="font-family: 'Open Sans', 'Helvetica Neue', Helvetica, sans-serif; line-height: 28px;">Knowing that some companies won’t work out, The second thing they realize that a failed company look for is not where the same as a failed entrepreneurideas are coming from. As long as we all learned something, DRF partners want to have faith in the success of the people they view this money as tuition paid toward an entrepreneurial education – for everyone involvedare investing in. SoBased off of these criteria, if it turns out that your company does the investment partners decide whether or not explode into the next billion dollar business and instead fails, the Dorm Room Fund takes a loss and the founders DO NOT need to repay the money whatsoeverstartup should join DRF's program.</span></span><div><br/></div>= Impact Achieved For Students and Campus =

Even thought they are a farily young program DRF has already funded 24 companies. The successfulones can all be viewed at DRFs [http://dormroomfund.com/portfolio, portfolio page]== Contact'''&nbsp;or in the galary below. Their portfolio CEO's come from a variety of schools which include Upenn, Columbia, Stanford, UC Berkeley, NYU, Dartmouth, MIT, and Princeton.&nbsp;'' ==

= Steps Required To Bring Resource to Campus = = Contact Information =[[Category:Organizations]]