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First Round Capital expands to New York City

First Round Capital's Dorm Room Fund is going national, starting in New York City. The program funds student-run startups selected by students. Flying Kite reported on its local success in December. 

"We’ve heard from several entrepreneurs claiming that it was 'much harder to raise our first $25,000 then our next $2 million,'" wrote [founder Josh] Kopelman."Given this, I just wonder how many amazing companies we would be talking about today had they received that first small check. Instead, I hear stories about how amazing students, under the giant burden of college debt, abandoned their startup dreams and chose to take full-time positions at established companies."

Original source: The Epoch Times
Read the original story here.
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