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.comKey Topics discussed:The Scribble Network- 100+ operators and executives providing deal flow and portfolio support- Strategic angels helping companies scale- "Unfair advantages" through warm connectionsAI 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 landscapeBold Predictions- Every person will have a personalized tutor in their pocket- Digital immortality: preserving knowledge beyond physical existence- AI transforming healthcare, education, and daily behaviorsFounder 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 signalFund 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 focusContact:- Website: scribble.vc- Email: [email protected] X: @elizabethTimestamps:(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 strategyFor sponsorship or guest appearance requests, write to [email protected] to VC10X on Youtube, Spotify, Apple Podcasts.