First Round Capital's
Dorm Room Fund, an investment fund helmed by Philadelphia college students, earns praise in the
New York Times. Starting this spring, the Fund is going nationwide -- starting in New York.
New York City’s Dorm Room Fund will follow the model established in Philadelphia, Mr. Barnes said. Student investors will seek out promising ventures among their peers and present the most exciting projects to the investment team. Though partners from First Round Capital will offer advice, students will lead the decision-making process. First Round does retain a veto right, Mr. Barnes said, but “we would not use it unless we were legally or ethically required to do so.”
For more on the Dorm Room Fund, check out
this story in Flying Kite.
Original source: The New York Times
Read the complete story
here.