Review on Dorm Room Fund by Olugbenga Ajayi
Dorm room fund is an incubator for aspiring young entrepreneur
Dorm room fund is a venture capital that is designed for the development of student entrepreneur. It was born out of the idea of a venture known as first round capital with the dream that it is possible to be studying at the same time managing a business.
Since the birth of dorm room fund, it has succeeded supporting many students owned startups. It has provided mentorship both in form of fund and also in advisory. As a matter of fact the incubator has succeeded in mentoring more than three hundred startups of this sort and has raised over $1B in follow on capital with value above $3B.
It is really amazing to have a platform like this that encourages young ones to develop their dream into sellable products. The fund provided which is up to $20,000 is fair but what actually impressed me most is not the fund but the idea itself. By helping the young ones to become entrepreneur, thr impact on the dwindling world economy is great.
I also love the simplicity of the website and the application process. The regular newsletter that educate student on how to become entrepreneur while studying is also very impressive. I already signed up for this.
Pros
- Dorm room fund is a great platform for developing young ones
- The mentorship and advisory given through a community of young entrepreneur is great
- The team behind the incubator programme is wonderful
- The company has many partners who are always ready to help in providing necessary resource's in form of funds, tech and advisory
Cons
- No negative comment
