College kids have hatched some of the biggest ideas throughout tech history, sometimes before they even finish school. But students who aren't as lucky as Mark Zuckerberg or Bill Gates usually have to backburner big ideas to focus on earning a degree and getting a job. Only then can they hope that their ideas will someday see the light of day.

California Crescent Fund, a new student-run venture capital firm that exclusively funds student startups based in Southern California, wants to offer young founders the option to turn their ideas into reality while they're still in school.

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In 2017, a burger-flipping robot named Flippy put fast food workers everywhere on high alert. The automation era of the restaurant industry had begun, ushered in by a $60,000 machine that slapped patties onto a grill, monitored their doneness with AI and thermal cameras, then lay them on buns.

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Tony Rice II was just a 17-year-old kid living in the Dallas-Fort Worth area when an officer approached his car with his gun drawn, saying he suspected the car was stolen.

"He pulled me over, came up to my car, and actually pulled a gun on me," said Rice. In the end, the officer still gave Rice a traffic ticket. It was only later he said he discovered there had been no corresponding reports of a stolen vehicle.

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