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RETAIL (NON-INTERNET/MOBILE) | Catalog, Mail Order & TV Sales
karavanlists.com

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Stage

Seed VC | Dead

Total Raised

$20K

Last Raised

$20K

About Karavan LIsts

Karavan LIsts, formerly SalesBus, provides users with awesome products made and manufactured across multiple brands that individuals can proudly sell to friends and networks.

Karavan LIsts Headquarter Location

62 Charles Street #4

New York, New York, 10014,

United States

Latest Karavan LIsts News

In Its Search For The Next Zuckerberg, First Round Capital Invests In A Couple Of ’Dorm Room Entrepreneurs’

Jan 7, 2014

print SalesBusRicky and Seth, hanging out in their SalesBus shirts. Investment firm First Round Capital wants to track down the next Mark Zuckerberg. And where else should they look for next generation's tech genius but today's college campuses? The early-stage venture capital firm poured $500,000 into The Dorm Room Fund so that a hand-picked group of young entrepreneurs could root out and invest in the creative talent and big ideas coming from within their campuses. So far, the fund has made 27 total investments in four cities. Ricky Berrin used to work at The Fancy, curating interesting products to sell on the site before becoming part of the recent class of Dorm Room Fund investors while he was also working on his company  SalesBus . The company has just announced to Business Insider that The Dorm Room Fund has chosen SalesBus for its portfolio and awarded it $20,000. Now that DRF has invested in SalesBus, Berrin is the first former DRF Investment Team Member to become a DRF Portfolio CEO. Berrin’s company, which he founded with Seth Murphy, is basically a teched-up version of Mary Kay: It encourages college students to become salespeople by helping them get started selling cool products, like robotic alarm clocks, Facebook-themed shot glasses, and USB drives shaped like poodles. Students will be able to buy around $100 worth of their favorite products at a time and then sell those products for about $5 to $15, with profit margins of 40% to 50%. Not only is Berrin trying to create the next generation of salespeople, but he’s giving interesting companies a direct selling platform to get their products into the hands of the highly-valued college market. He sees it as a win-win, for the companies and college sales reps alike. “Instead of stacking books in the library, or flipping burgers, you can get real sales experience,” Berrin told Business Insider. SalesBus will be launching in the spring semester, and is beginning with a Campus Ambassador Program that will include the likes of Rutgers and NYU.

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