Scribble Ventures, led by Elizabeth Weil, has successfully raised $80 million for its third fund, showcasing the power of deep networks in an otherwise contracting venture capital market. Weil, a seasoned investor with a background at top firms like Andreessen Horowitz, managed to exceed her fundraising goal of $75 million amid challenges that many emerging venture funds face today. The firm’s strength lies in its ‘Scribble Network’, a connected ecosystem of industry operators and executives who not only bring in valuable insights but also invest alongside the firm, highlighting the importance of collaboration in modern venture capital.
What sets Scribble apart is what Weil calls the "Scribble Network," a carefully cultivated ecosystem of operators and executives who provide deal flow and due diligence help.
Everybody told me it was going to be the hardest to raise,' Weil said... Ultimately, she said, the firm exceeded its hard cap of $75 million after extending the fundraising period by three weeks.
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