Elizabeth Weil’s Scribble Ventures has secured $80 million for its third fund, defying the contraction in the venture industry. The firm’s success can be attributed to its carefully cultivated ecosystem of operators and executives, known as the “Scribble Network,” which provides deal flow, due diligence help, and investments. This approach has helped Scribble make successful early bets on companies like Whatnot, Atmo, and Poolside.ai.
Forecast for 6 months: Scribble Ventures is expected to continue its success, with a focus on AI-driven startups. The firm’s network will expand, providing more opportunities for collaboration and deal flow. Expect to see more successful exits and investments in the next 6 months.
Forecast for 1 year: The venture industry is expected to see a shift towards more collaborative and network-driven approaches, with Scribble Ventures leading the way. The firm’s assets under management will continue to grow, and its portfolio companies will see significant growth and exits. Expect to see more venture funds adopting similar approaches.
Forecast for 5 years: The venture industry will continue to evolve, with a focus on AI, blockchain, and other emerging technologies. Scribble Ventures will remain a leading player, with a network of over 100 operators and executives. The firm’s assets under management will reach $1 billion, and its portfolio companies will become household names.
Forecast for 10 years: The venture industry will be transformed by the rise of AI and blockchain, with Scribble Ventures at the forefront. The firm’s network will be a global phenomenon, with thousands of operators and executives working together to drive innovation. Scribble Ventures will be a $10 billion fund, with a portfolio of companies that will shape the future of technology and society.
