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The Boston Globe

Business

Young college investors back vending machine

Dorm Room Fund taps MIT startup

If you gave a bunch of college kids half a million bucks to invest in companies run by other college kids, where would they start? Investing in vending machines, of course.

Boston’s Dorm Room Fund, which 11 local college students manage for Philadelphia-based First Round Capital, has made its first-ever investment: $20,000 in Refresh Water Technologies, a startup formed by Massachusetts Institute of Technology to make environmentally friendly vending machines.

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