Announcing our $38M Fund II
We’re excited to finally announce our $38M pre-seed Fund II and new brand, Script Capital. As former founders ourselves, we are purpose-built to partner with founders at the pre-seed stage. We take pride in getting to conviction to invest in a founder and idea before anyone. Also, having spent most of our careers building products and teams from scratch, we are most helpful to founders at this exciting, yet fragile, stage.
Read more in this letter to founders »
Over the past 4 years, we’ve had the privilege of partnering with dozens of talented, inspiring and courageous founders from day one. We’ve observed that early stage founders are faced with two fundamental challenges in the market. First, despite record-levels of venture capital invested in startups, there are still very few high-conviction investors at the earliest stages. Second, it has become clear to us that founders too often get bogged down in undifferentiated workflows related to admin, operations, recruiting and fundraising.
With our new $38M fund, we aim to address both. We lead pre-seed rounds with $500K-$1M lead checks, we’re on call 24/7 to support our founders and we’re building tools to accelerate founder workflows so they can focus on what matters most — building something people want.
Which finally brings us to our new name, Script Capital. While 122WEST served us well (even though it sounds like a high-end luxury condo), we knew we wanted to find a more authentic and permanent brand. We landed on Script Capital because we know the early-stage script, what’s important and what’s not. We also know how to improvise when founders inevitably have to go off-script.
We look forward to helping many more founders write their own.