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 Subscribe to VC10X on Youtube, Spotify, Apple Podcasts.