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

== Overview ==

<span id="docs-internal-guid-198f9028-de14-0153-9143-ffbfe260f63e"><span style="font-size:medium11pt; 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 (<span data-scaytid="1" data-scayt_word="DRF">DRF</span>) is a studentfive-year-run old venture capital firm that invests in student-run founded companies. Launched in September 2012 they have since grown at an astounding rate. Backed The firm, backed by&nbsp;[http://firstround.com/ First Round Capital]&nbsp;they provide&nbsp;average investments of $15,000 - $20invests in companies where at least one founding member is a student,000 for undergraduate or graduate. DRF’s investment teams consist of small committees of students run start-ups.&nbsp;They're overall mission is to inspire and support more careers on campuses in the startup industry. Apart from funding <span data-scaytid="2" data-scayt_word="DRF">DRF</span> also offers their members&nbsp;discounts and partnerships with premier service providersNew York, PRBoston,&nbsp;[http://dormroomfund.com/about#advisors mentorship from their incredible <span data-scaytid="4" data-scayt_word="RAs">RAs</span>], <span data-scaytid="5" data-scayt_word="DRF">DRF</span> eventsPhiladelphia, and access to a national network of other amazing student entrepreneurs.&nbsp;&nbsp;They currently have student groups&nbsp;based out of&nbsp;[http://dormroomfund.com/newyork New York City],&nbsp;[http://dormroomfund.com/bayarea San Francisco the Bay Area],&nbsp;[http://dormroomfund.com/philly Philadelphia]Each investment team is given $500, and&nbsp;[http://dormroomfund000 to invest in student-run startups in order to bring their ideas from the “dorm to the market.com”</boston Boston].&nbsp;span></span>

= Purpose = The Program ==

<span id="docs-internal-guid-198f9028-de14-368a-bdbe-675fcea3cefa"><span style="font-size:medium11pt;">The main purpose of <span datafont-family: Arial; color: rgb(0, 0, 0); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-scaytid="7" dataspace: pre-scayt_word="DRFwrap;">DRF</span> 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 $20,000 of capital, DRF investment partners meet regularly with an entrepreneurial educationfounders to help them learn fundraising, launch strategy, growth, and hiring. Their main ways In addition, DRF connects founders to 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 recourseskey problems. All the <span data-scaytid="8" data-scayt_word="DRF">DRF&nbsp;</span> investors are students so it really is a organization for students ran by students. &nbsp;</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 <span data-scaytid="12" data-scayt_word="DRF">DRF</span> 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 <span data-scaytid="13" data-scayt_word="DRF">DRF</span> a very different way of looking at start-ups compared to the traditional investment teams. </span>&nbsp;&nbsp;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:medium11pt;">They invest on a founderfont-friendly uncapped convertible note. What&nbspfamily: Arial;this means that an investor loans money to a startupcolor: rgb(0, but instead of receiving their money back after a certain time period0, the note converts into stock.&nbsp0); font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-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;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><div>== '''The&nbsp;Support System'''<br/span> ==

<span style="font-size:medium;">The most incredible thing about this program by far is the knowledge and experience that the RA 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.</span> &lt;/div&gt;'' ==

[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-size:medium;">Even though they are a fairly young program <span data152c-scaytid="21" databbf9-scayt_word="DRFe2ef1ed5c871">DRF</span> has already funded 24 companies. The successful ones can all be viewed at <span data-scaytidstyle="26" datafont-size: 11pt; font-scayt_word="DRFs">DRFs</span> [httpfamily: Arial; color://dormroomfund.com/portfoliorgb(45, 86, portfolio page]&nbsp136); background-color: transparent; font-variant-numeric: normal;or in the gallery below. Their portfolio CEO's come from a variety of schools which include <span datafont-scaytid="28" datavariant-scayt_word="Upenn">Upenn</span>, Columbia, Stanford, <span dataeast-scaytid="29" dataasian: normal; vertical-scayt_word="UC">UC</span> Berkeley, NYU, Dartmouth, MIT, and Princeton. Another interesting part of <span dataalign: baseline; white-scaytid="23" dataspace: pre-scayt_word="DRFwrap;">DRFFacebook</span> is many of there companies funded are in extremely different fields.</span> <gallery modestyle="packedtext-decoration-hover">Fileline:A&B.png|httpunderline; font-size://www.abamerican.com/|File11pt; font-family:Addy.png|FileArial; color:Buzz.png|Filergb(17, 85, 204); background-color:Dagnedover.png|Filetransparent; font-variant-numeric:Databetes.png|Filenormal; font-variant-east-asian:Firefly.png|Filenormal; vertical-align:FiscalNote.pngFilebaseline; white-space: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= Contact Information ="background-color: transparent; font-size: 11pt; font-family: Arial; color: rgb(45, 86, 136); font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Medium Blog</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:Organizations]]