Student-run seed investment fund for tech startups

(Inside the Hive, November 11, 2013)

One of Boston's two student-run seed investing collectives, Rough Draft Ventures, has chosen the new team of students that will make investment decisions this year. The ten students from MIT, Harvard, Tufts, Boston University, Northeastern and Olin College will put anywhere from $5,000 to $25,000 into student-founded tech startups. The money is supplied by Cambridge-based General Catalyst Partners. The startups that have received funding in the first round have gone on to raise over $3 million in seed funding, and have been accepted to Y Combinator, the first TechStars Chicago class, Summer@Highland, and the Thiel Fellowship.