VC10X - Investing $80 Million in AI Startups - Elizabeth Weil, Founder & Managing Partner, Scribble Ventures

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VC10X - Startups, GTM, Investing, Venture Capital, Asset Management, Private Equity, Family Office

Prashant Choubey

238 episodes

9 hours ago

On VC10X you will hear from world's top startup founders, venture capitalists, investors, asset managers, and family offices talk about their investing thesis, asset allocation, due diligence, risk management, valuations, diversification, return expectations, exits, and more. If you're interested in the investment world, you're in for a treat! Hosted by Prashant Choubey (@ChoubeySahab on Twitter)

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VC10X - Investing $80 Million in AI Startups - Elizabeth Weil, Founder & Managing Partner, Scribble Ventures

VC10X - Startups, GTM, Investing, Venture Capital, Asset Management, Private Equity, Family Office

36 minutes 45 seconds

3 months ago

VC10X - Investing $80 Million in AI Startups - Elizabeth Weil, Founder & Managing Partner, Scribble Ventures

Elizabeth Weil, founder and managing partner of Scribble Ventures, just closed an $80 million Fund III focused on AI-native startups.

She spent seven years at Twitter during hypergrowth from 60 to 2,500 employees, then built the Market Development team at Andreessen Horowitz.

⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.com

Key Topics discussed:

The Scribble Network

- 100+ operators and executives providing deal flow and portfolio support

- Strategic angels helping companies scale

- "Unfair advantages" through warm connections

AI Investment Philosophy

- Backing "AI-native" founders who "grew up" with the technology

- Focus on proprietary data and unique workflows

- Moat matters more than ever in a noisy landscape

Bold Predictions

- Every person will have a personalized tutor in their pocket

- Digital immortality: preserving knowledge beyond physical existence

- AI transforming healthcare, education, and daily behaviors

Founder Evaluation

- Key question: "Why are you the team on this planet that is going to be able to build this company?"

- Looking for "guttural desire" vs. whiteboard solutions

- Warm introductions as primary signal

Fund Details

- $80M Fund III for pre-seed and seed

- $750K - $1.5M initial checks

- Can lead, co-lead, or follow rounds

- Intentionally generalist despite AI focus

Contact:

- Website: scribble.vc

- Email: hello@scribble.vc

- X: @elizabeth

Timestamps:

(00:00) Introduction

(02:39) Elizabeth's journey from Stanford to Twitter

(03:08) Early career and how she got into tech and startups

(08:57) The Scribble Network and how it helps portfolio companies

(12:21) Definition of AI-native companies and key characteristics of founding teams

(14:17) Assessing the defensibility of a startup's data strategy

(15:39) Learnings from operating at Twitter and Andreessen Horowitz

(18:08) Key factors for investing at pre-seed and seed stages

(20:13) Fundraising experience for Fund Three and navigating the LP landscape

(23:03) Approach to valuations in the AI startup ecosystem

(24:28) Exciting AI sub-sectors and areas with potential

(30:15) Evaluating startups in a rapidly evolving AI landscape

(31:51) Advice for early-stage founders on building their venture

(34:08) Rapid fire round of questions about Scribble Ventures' investment strategy

For sponsorship or guest appearance requests, write to prashantchoubey3@gmail.com

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