So, like, there’s this lady named Elizabeth Weil who’s running Scribble Ventures, right? And, you know, in a time where there’s like a bazillion new venture funds popping up left and right, Scribble Ventures is standing out for real. I mean, they just snagged a cool $80 million for their third fund, which is like the biggest amount they’ve ever raised. Apparently, people really trust Weil, who went to Stanford and has worked at big shots like Andreessen Horowitz and Twitter (now X).
Weil was all like, “Everyone said this was gonna be super tough to raise,” after she finished her early morning run and swim. And guess what? They totally smashed their fundraising goal of $75 million, even after extending the deadline by three weeks. Scribble’s doing all this at a time when lots of new venture funds are struggling to make a name for themselves in the market. I mean, it’s tough out there, you know?
The secret sauce for Scribble, as Weil puts it, is their “Scribble Network.” It’s like this exclusive club of operators and execs who not only bring in deals and help with due diligence but also invest in the fund. We’re talking about heavy-hitters like Maggie Hott from OpenAI, Jim Everingham from Meta, and Sheila Vashee from Figma. And let’s not forget about Weil’s husband, Kevin, who’s also in on the action with his expertise in tech and product stuff. Together, they’re like the dream team of venture capital.
So, Scribble’s been making some killer investments, like in Whatnot, Atmo, and Poolside.ai, all of which have seen some serious valuation jumps. And with $216 million in assets under management, they’re not playing around. Scribble likes to keep things flexible, cutting checks between $750,000 and $1.5 million without getting too hung up on ownership percentages. It’s all about building relationships and making smart bets, you know?
Overall, Weil sees a bright future for Scribble, especially with the AI space heating up. She’s all like, “This is the best time to be a startup, but man, it’s tough out there with all the noise.” But hey, with their collaborative approach and killer network, Scribble’s ready to take on whatever the startup world throws their way. And that’s the story of how Elizabeth Weil and Scribble Ventures are making waves in the world of venture capital.
