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

= Overview <br/> =

<span style="font-size:mediumsmall;">Dorm Room Fund (<span data-scaytid="1" data-scayt_word="DRF">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 and backed by&nbsp;[http://firstround.com/ First Round Capital],&nbsp;</span><span style="font-size:small;">they provide&nbsp;average investments of '''$15,000 - $20,000''' for student run start-ups.</span><span style="font-size: small;">&nbsp;TheyThe DRF're s overall mission is to inspire and support more careers in the startup industry. Apart from funding ,&nbsp;<span data-scaytid="2" data-scayt_word="DRF">DRF</span> also offers their members&nbsp;discounts and partnerships with premier service providers, PRpublic relations,&nbsp;[http:mentorship<//dormroomfund.com/about#advisors mentorship from their incredible span><span data-scaytidstyle="4" datafont-scayt_word="RAssize: small;">RAs</span>], <span data-scaytid="5" data-scayt_word="DRF">DRF</span> events, and access to a national network of other amazing student entrepreneurs.&nbsp;&nbsp;They The Dorm Room Fund currently have has student groups&nbsp;based out of&nbsp;[http://dormroomfund.com/newyork New York City],&nbsp;[http://dormroomfund.com/bayarea the San Francisco Bay Area],&nbsp;[http://dormroomfund.com/philly Philadelphia], and&nbsp;[http://dormroomfundBoston.com</boston Boston].span><span style="font-size: small;">&nbsp;</span>

<span style="font-size:mediumsmall;">The main purpose of <span data-scaytid="7" data-scayt_word="DRF">DRFDorm Room Fund</span> &nbsp;is to help student founders take their ideas from their dorm room to the market while providing their members with an entrepreneurial education. Their The main ways of achieving this goal are through investments, access to their huge support network, and vast recourses. All of the <span data-scaytid="8" data-scayt_word="DRF">DRF</span> investors are students so , making it really is an organization for students ran led by students. &nbsp;</span>

<span style="font-size:mediumsmall;">What Which start-ups up ventures the <span data-scaytid="12" data-scayt_word="DRF">DRFDorm Room Fund</span> &nbsp;invests in is entirely '''decided upon by the student investors.,''' This means that &nbsp;meaning the investors can really truly relate to both what other students are trying to do accomplish and the problems they a student start-up 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 unique perspective compared to the traditional investment teams. </span>&nbsp;&nbsp;</span>

<span style="font-size:mediumsmall;">DRF invest's invests on a founder-friendly uncapped convertible note. This means that they loan the student investment group loans money to a startup, but instead of receiving their the invested money back after a certain time period, the note converts into stock.&nbsp;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 The Dorm Room Fund they try very hard to operate operates as transparently as possible so that every aspect of their terms and conditions are clear and clearly understood.&nbsp;Knowing that some companies won’t work outthe risk in investing in student start-ups, they realize the DRF fully understands that a '''failed company is not the same as a failed entrepreneur'''. As long as everyone all persons involved learned somethingfrom the failure, they view this the student investment group views the money invested in the student start-up 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 The Dorm Room Fund takes a loss and the founders '''DO NOT need to repay the money''' whatsoever&nbsp;under any circumstances.</span>

<span style="font-size:mediumsmall;">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.&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>&nbsp;

<span style="font-size:medium"><span style="font-size:small;">Even though they are a the program is fairly young program (celebrating its first year, 2013),&nbsp;<span data-scaytid="21" data-scayt_word="DRF">DRF</span> has already funded 24 companies. The 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 gallery below. Their The 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. Another interesting part of <span data-scaytid="23" data-scayt_word="DRF">DRF</span> is many of there ; like the universities listed, the&nbsp;companies funded are in extremely different fields</span>.</span> <gallery mode="packed-hover">

<span style="font-size:mediumsmall;">So far they mostly operate The Dorm Room Fund mainly operates in the 5 cities listed above , but they mention in their state on the website that they do the student investment group does not completely rule out investing in companies outside of themthose particular 5 cities. If you do live in [http://dormroomfund.com/newyork New York City],&nbsp;[http://dormroomfund.com/bayarea San Francisco Bay Area],&nbsp;[http://dormroomfund.com/philly Philadelphia], and&nbsp;[http://dormroomfund.com/boston Boston]&nbsp;follow these links to learn more about the specific network in your city</span><span style="font-size: medium">. To get them associated with your campus , simply get a start up from your school to fill out there the&nbsp;[http://dormroomfund.com/apply application form].&nbsp;</span><span style="font-size: medium">&nbsp;Since the are only one Dorm Room Fund is in its infancy (1 year old !) and has already have spread to five major cities I imagine they will soon , the possibilities to spread to more additional locations, especially if there is already an established entrepreneurial environment, are open.</span>

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