Elihuu, a startup connecting designers with manufacturers, raises $30,000 from Colorado Boulder students.
Students at the University of Colorado Boulder have opted to invest $30,000 into Elihuu, an online startup connecting product designers with manufacturers.
The investment was made through the institution’s Deming Centre Venture Fund (DCVF), a student-led venture fund focusing on early-stage investments founded in 1997.
The student team handles all aspects of managing the fund, from vetting business plans through to making final decisions on investments and following them up with resources and advice.
Dorian Ferlauto, founder and chief executive of Elihuu, said: “I think it’s brilliant and that they’re doing all the right things. I really didn’t know that there is a university fund like this run by students. It’s very unique and I think it’s a great thing in this area where there are a lot of startups.”
Bret Fund, faculty director of the DCVF and assistant professor of management and entrepreneurism, said: “By going through the capital investment process and by being on the decision-making side, the students know what questions will be asked of them as entrepreneurs. They themselves will build better companies or be better able to do whatever they want when they move forward.”
