In 2012, early Uber investor First Round Capital decided it needed an avenue to access the best companies brewing inside dormitories across the U.S. So the seed-stage venture capital firm launched Dorm Room Fund, a pool of capital managed by students for students. The project has brought 250 startups, including Harper Wilde and Brooklinen, and more than 400 entrepreneurs into the First Round network to date.
“But there’s an even bigger community of founders just on the other side of that graduation threshold; and if students can make great founders, then recent graduates make great founders as well,” wrote Bruno Faviero, a former managing partner of Dorm Room Fund and current co-founder and chief executive officer of Synapse Technology, in a recent blog post. “Yet the level of resources and support drops off when you’re no longer in school.”