From “Imagine If” to Reality: Dorm Room Fund Fuels the Next Big Idea in [Company Name]’s Journey

Today, we’re excited to share an unconventional yet meaningful announcement from First Round Capital’s Dorm Room Fund. In our latest funding round, we officially raised $0—a figure that speaks to our unwavering conviction that the real value in a startup comes from the foundational support, expertise, and network we provide, rather than a mere influx of cash. At First Round Capital, we’ve built our reputation by backing founders right from that “imagine if” stage—when ideas are still in their infancy—and guiding them through the complexities of early company building. Our portfolio of transformative companies like Notion, Roblox, Uber, and Square stands as a testament to our unique approach that prioritizes critical first hires, establishing product-market fit, and ensuring every “imagine if” has the chance to evolve into a thriving business. The zero-dollar raise is not a setback but a strategic reinforcement of our core philosophy. Rather than seeking external capital that may dilute our vision, we’re choosing to channel our existing resources, industry expertise, and robust network directly into empowering our founders. This approach allows us to deliver hands-on mentorship and operational support that aligns perfectly with our commitment to early-stage entrepreneurs. Essentially, our funding narrative is about recognizing that the true building blocks of success are not always measured in dollars, but in the enduring impact of well-supported initiatives and innovative thinking. We look forward to continuing our mission of turning boundless “imagine ifs” into tangible, market-leading realities backed by the strength of our community and the sheer power of visionary founders.