96. Student-Focused VC Funds, Part 1 (Peter Boyce II)

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Peter Boyce II of General Catalyst & Rough Draft Ventures joins Nick to cover Student-Focused Venture Funds, Part 1. We will address questions including:

  • Today we’re talking about University and Student-focused funds… First off, can you give an overview of the hypothesis here and why you choose to launch a student-focused fund?
  • Can you talk us through the process… so from early identification of a student and their idea to funding closed?
  • Student-focused funds aren’t new, but they are growing at a fast rate. Pitchbook found that, as of 2016, there were 44 college-focused funds and investors groups, many of which were new. Why do you think we’re seeing this growth?
  • Are you familiar with First Round’s Dorm Room Fund? If so what are your thoughts on what they’re doing and how are they similar or different compared with Rough Draft?
  • How did you identify the student leaders/ambassadors on campus to partner with on Rough Draft Ventures?
  • Have you found that students are ready to be CEOs or do they require additional help, coaching and/or a co-founder with more experience building and running a company?
  • What are the biggest differences between your investment approach with the student-fund vs. your approach with non-student-run startups?

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