In a crowded VC landscape, Elizabeth Weil’s Scribble Ventures shows that networks still matter

Hundreds of new enterprises have emerged in a period, which faces a constructing market, it proved that Elizabeth Weil Scribble ventures Differs as a business study with the importance of deep networks.

Against a contraction of which edged Many newcomers, Weil, only provided $ 80 million for the third fund only for the third fund. A graduate of Stanford graduate in Milestone, Twitter (now X) and Silicon Valley Stalwarts IVP and MenoLitz, Stanford graduate from a partner in corporate development

“Everyone told me that he would be the hardest to lift,” he said, “Shame and swim on Monday after completing Monday at 5:30. As a result, after extending the Fund’s collection period during the Company for three weeks, the company exceeded $ 75 million.

SCIBBLE’s success, especially in the financing boom of the 2020-2021 financing boom, and investors (DPI) reveals a lot for new managers.

“Being a Harvester is part of the enterprise capital,” Weil is observed. “There is never a very developing manager who has never had to pass this part.”

Scribble is what other sets are called the “Scribble network”, “Scribble network”, which only provides a bargaining assistant, but also in addition to the firm. There are figures such as Maggie Hott, who took the market to the market to the market in Openai; Jim Everingham, Engineering in VP Meta; and Sheila Vashee, Figma CMO.

Weil’s husband Kevin Weil adds another powerful measurement to the firm’s network. Openai and the Cisco Board member, its maintenance and product experience, complement the information in the field of investment and corporate development, which has its technical and product experience.

“We say to our founders, ‘Who would you like to meet our wide network?’ ‘Weil explained. “When you look at the market list and menu and say,” Can I just send text to this person? “It’s incredible.”

The approach has helped companies create successful early bets such as a living auction platform for a living, assessment About $ 5 billion In January; My father, a material set up past googlers and the EU is directed to the managed ultra-precision weather forecast; and poolside.ai, a Paris-based AI company established by GitHub’s former CTO, was evaluated by investors $ 3 billion back in October.

Now the management includes other portfolio companies, Spacex and Figma of assets worth $ 216 million.

Scribble fleeing stern entrepreneurship targets that can carry out cooperation with other investors, $ 1.5 million, $ 1.5 million, $ 1.5 million, writes $ 1.5 million.

“I think it’s not a way to start a relationship, saying, saying ‘14% ‘, saying,” he said.

The first fund of the company raised in 2020, now shows strong performance with 4x clusters, Weil, Mysten and Aptos thank you to investors from crypters in early distributions.

Current carefully in the AI, which changed the starting landscape, Weil sees the most obvious opportunity to apply Scribble’s joint approach.

“I think this is the best time to be the beginning, but there are so many noises because there are so many noises,” he said. “Everyone is harder to hack the channels and finding it to the product market and finding it to market.”

From above, left right, team of script enterprises, including Christen O’Brien (Operating Partner); John Smathers (partner); Elizabeth Weil; and Kevin Weil (operator-in-residence).