Dorm Room Fund raises $50M to back student founders as AI race intensifies
ashleymayer · x · 2026-09-30
Dorm Room Fund, the VC program where college students invest in their peers, has raised a new $50M Fund 2 — four times the size of its previous fund — under a refreshed brand.
Key points:
- Its alumni network is deeply woven into the AI boom: members founded companies like Cursor and Shield AI, and others became investors at Sequoia, Andreessen Horowitz, and Lightspeed.
- The fund backs both current students and its 500-member alumni network; 30% of Fund 2 investors are DRF alums and their firms.
- The raise reflects intensifying Silicon Valley competition for young founders, echoing moves like the Thiel Fellowship.
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