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Imagine being in control of half a million dollars before graduating from college or even having held a full-time job. For two entrepreneurial Princeton University juniors, this is not just a dream, it’s reality.

About a month ago, Taylor Francis and Raymond Zhong learned their applications to the New York investment board of Dorm Room Fund had been accepted. Funded by First Round Capital, a Philadelphia-based venture capitalist firm, Dorm Room Fund is a venture fund with the sole purpose of investing $500,000 in small start-ups founded by undergraduate and graduate university students.

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