[tc_dropcap]Twenty-one-year-old Dominic Callas is not your typical venture capitalist. The Westminster College student spends 20-30 hours a week sourcing and researching possible deals at an $18 million venture fund run almost entirely by students.[/tc_dropcap]
University Venture Fund, where Callas works, is a venture capital firm based in the heart of downtown Salt Lake City, Utah. The fund lets college students source and put together deals for possible startup investments. Two guiding partners help mentor and advise the 16 students currently in the program.
There are a couple of venture funds throughout the country with a student component. Romulus Capital was founded by an undergrad from MIT. Penn State MBA students partake in the venture-capital process with a $5 million fund that started in 1999. There’s also a social impact investing fund operating out of the University of Michigan. That one started in 2009 with about $500,000 to work with.
In the past…
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