INSTEAD OF SCOURING COLLEGE CAMPUSES FOR THE NEXT FACEBOOK, FIRST ROUND CAPITAL IS GIVING GROUPS OF STUDENTS SMALL VENTURE CAPITAL FUNDS TO INVEST ON THEIR BEHALF.
As a student at Columbia Business School, Alex Ginsberg uses BuzzTheBar, an app that one of his fellow students created--it lets you order drinks with your smartphone and lets you know when they're ready. It might sound trivial, but the fact of the matter, Ginsberg says, is that “Part of going to business school is going to a lot of bars.” So when he landed a spot as a student partner at First Round Capital’s New York City Dorm Room Fund, it was the first startup he pitched to his fellow partners. And shortly later, it became the fund’s first investment.
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To read the original article: First Round Capital Gave 11 Students $500,000, And This Is What They Did With It | Fast Company | Business + Innovation
