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

<span style="font-size:medium;">Dorm Room Fund (<span styledata-scaytid="color: rgb(50, 50, 50); line1" data-height: 28px;scayt_word="DRF">Dorm Room Fund (DRF</span>) is a student-run venture firm that invests in student-run companies. Launched in September 2012 they have since grown at an astounding rate. Backed by&nbsp;</span>[http://firstround.com/ First Round Capital]&nbsp;they provide&nbsp;<span style="color: rgb(50, 50, 50); font-family: 'Open Sans', sans-serif; line-height: 28px;">average investments of $15,000 - $20,000 for students run start-ups.&nbsp;</span><span style="color: rgb(50, 50, 50); line-height: 28px;">They're overall mission is to inspire and support more careers in the startup industry. Apart from funding <span data-scaytid="2" data-scayt_word="DRF ">DRF</span> also offers their members&nbsp;</span><span style="color: rgb(50, 50, 50); font-family: 'Open Sans', sans-serif; line-height: 28px;">discounts and partnerships with premier service providers, PR,&nbsp;</span>[http://dormroomfund.com/about#advisors mentorship from their incredible RAs]<span styledata-scaytid="color: rgb(50, 50, 50); font4" data-family: 'Open Sans'scayt_word="RAs">RAs</span>], sans<span data-serif; linescaytid="5" data-height: 28px;scayt_word="DRF">, DRF </span> events, and access to a national network of other amazing student entrepreneurs.</span><span style="color: rgb(50, 50, 50); line-height: 28px;">&nbsp;&nbsp;They currently have student groups&nbsp;</span><span style="color: rgb(50, 50, 50); font-family: 'Open Sans', sans-serif; line-height: 28px;">based out of&nbsp;</span>[http://dormroomfund.com/newyork New York City]<span style="color: rgb(50, 50, 50); font-family: 'Open Sans', sans-serif; line-height: 28px;">,&nbsp;</span>[http://dormroomfund.com/bayarea San Francisco Bay Area]<span style="color: rgb(50, 50, 50); font-family: 'Open Sans', sans-serif; line-height: 28px;">,&nbsp;</span>[http://dormroomfund.com/philly Philadelphia]<span style="color: rgb(50, 50, 50); font-family: 'Open Sans', sans-serif; line-height: 28px;">, and&nbsp;</span>[http://dormroomfund.com/boston Boston]<span style="color: rgb(50, 50, 50); font-family: 'Open Sans', sans-serif; line-height: 28px;">.&nbsp;</span></span>

<span style="font-size:medium;">The main purpose of <span styledata-scaytid="color: rgb(50, 50, 50); font7" data-family: 'Open Sans', sans-serif; line-height: 28px;scayt_word="DRF">The main purpose of DRF </span> is to help student founders take their ideas from their dorm room to the market while providing their members with an entrepreneurial education. Their main ways of achieving this are through investments and access to their huge support network and vast recourcesrecourses. All the <span data-scaytid="8" data-scayt_word="DRF ">DRF</span> investors are students so it really is a organization for students ran by students. &nbsp;</span></span>

<span style="font-size:medium;">What start-ups the <span data-scaytid="12" data-scayt_word="DRF ">DRF</span> invests in is entirely decided upon by the student investors. This means that the investors can really relate to both what other students are trying to do and the problems they may encounter. &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;</span>

<span style="font-size:medium;"><span style="font-family: 'Open Sans', sans-serif; line-height: 28px;">They invest on a founder-friendly uncapped convertible note. What&nbsp;</span><span style="font-family: 'Open Sans', 'Helvetica Neue', Helvetica, sans-serif; line-height: 28px;">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-family: 'Open Sans', 'Helvetica Neue', Helvetica, sans-serif; line-height: 28px;">However, if the startup is successful without raising additional capital or pursuing equity financing, the note may not convert and the startup can choose to simply repay the note plus a very nominal (around 2%) interest rate. At Dorm Room Fund they try very hard to operate as transparently as possible so that every aspect of their terms are clear and understood.&nbsp;</span><span style="font-family: 'Open Sans', 'Helvetica Neue', Helvetica, sans-serif; line-height: 28px;">Knowing that some companies won’t work out, they realize that a failed company is not the same as a failed entrepreneur. As long as we all learned something, they view this money as tuition paid toward an entrepreneurial education – for everyone involved. So, if it turns out that your company does 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 whatsoever.</span><div>== '''The&nbsp;Support System'''<br/span>== <divspan 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.&nbsp;The 60 RA's have a combined 450 years of entrepreneurial experience and have 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.<br/span></div>

<span style="font-size:medium;">Even thought though they are a farily fairly young program <span data-scaytid="21" data-scayt_word="DRF ">DRF</span> has already funded 24 companies. The successfulones successful ones can all be viewed at <span data-scaytid="26" data-scayt_word="DRFs">DRFs </span> [http://dormroomfund.com/portfolio, portfolio page]&nbsp;or in the galary gallery below. Their portfolio CEO's come from a variety of schools which include <span data-scaytid="28" data-scayt_word="Upenn">Upenn</span>, Columbia, Stanford, <span data-scaytid="29" data-scayt_word="UC ">UC</span> Berkeley, NYU, Dartmouth, MIT, and Princeton.&nbspAnother interesting part of <span data-scaytid="23" data-scayt_word="DRF">DRF</span> is many of there companies funded are in extremely different fields.</span><span style="font-size:medium;"></span><gallery mode="packed-hover">File:A&B.png|''[[commons:A&B|]</gallery><span style="font-size:medium;"></span>