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

In an era where hundreds of new venture funds have emerged, only to face a narrowing market as exits prove slippery, Elizabeth Weil’s Scribble Ventures stands out as a case study in the importance of deep networks. Defying a contraction that is sidelining many newcomers, Weil just secured $80 million for Scribble’s third fund, its largest capital raise yet. The milestone underscores market confidence in Weil, a Stanford graduate whose resume includes a partner role at Andreessen Horowitz, corporate development at Twitter (now X), and stints at Silicon Valley stalwarts IVP and Menlo Ventures. “Everybody told me it was going to be the hardest to raise,” Weil said on a call Monday, after completing the 5:30 a.m. run and swim that puts this editor’s coffee routine to shame. Ultimately, she said, the firm exceeded its hard cap of $75 million after extending the fundraising period by three weeks. Scribble’s success comes amid what many consider a reckoning for the venture industry, partic ... Read full article.