Script Capital Research
Investment Thesis
Script Capital is a pre-seed venture fund based in San Francisco focused on early-stage internet and software startups. Founded in 2016 (formerly known as 122 West), the firm is managed by AJ Solimine (Founder, Managing Partner) and Evan Tana (Founding General Partner). The fund partners exclusively with technical founders building developer-facing tools and infrastructure, with a particular emphasis on companies that demonstrate velocity and rapid learning.
The firm's investment philosophy centers on curiosity, velocity of learning, and building. Founders do not need to have started a company yet or have a product to apply—Script is comfortable navigating the 0-1 phase with both new and serial founders. The fund believes the world is best shaped by unique insights formulated at the intersection of art/culture and math/science.
Stage Focus and Check Size
Script Capital exclusively focuses on pre-seed and seed-stage investments. The fund writes $250k-$500k checks, with their typical investment taking one of two forms:
- Leading or co-leading pre-seed rounds under $1M
- Co-leading or participating in rounds of $1M-$5M
The fund's average check size ranges from $500k-$750k according to VC Sheet data. Script partners with technical founders who demonstrate the ability to create at a rapid pace and learn quickly from customers.
Decision Process and Timeline
Script Capital partners take a "pound the table" approach to investing, meaning if one partner has conviction in a founder, they move forward. The firm typically decides on investments in 24-48 hours after the initial meeting, reflecting their founder-first approach and operational efficiency.
Lead Tendency
Script Capital can and does lead pre-seed rounds, positioning themselves as often being the first or one of the first institutional checks in a round. They have a strong track record of leading early-stage investments.
Recent Activity and Fund Status
Based on Tracxn data from December 2025, Script Capital has made 8 investments in 2025. Recent notable investments include:
- Givefront (December 2025) - Financial Services
- Doppel (2025) - Cybersecurity, AI-powered digital risk protection
- Gamma (featured) - AI-powered presentation tool
- Patreon (featured) - Creator economy platform
- OpenPhone (featured) - Business communications
- Profound (featured) - AI marketing intelligence
The firm continues to be actively deploying capital and maintains strong deal flow through their tight integration with South Park Commons, a technical founder community led by Evan Tana who serves as both a founder partner at Script and a General Partner at SPC.
Portfolio Highlights
Script Capital has an exceptionally strong portfolio with notable exits and successful companies:
Notable Exits and Acquisitions:
- Zenly (acquired by Snapchat) - Social app
- Sqreen (acquired by Datadog) - Application security platform
- Flowdash (acquired by Notion) - AI-powered task management
- Feature Labs (acquired by Alteryx) - Feature engineering automation
- Orgnostic (acquired by CultureAmp) - People analytics
- Breaker (acquired by Twitter) - Podcasting platform
- LockerRoom (acquired by Spotify) - Interactive live sports experiences
- Tone (acquired by Attentive) - AI-powered voice messaging
- Sheltr (acquired by Hippo Insurance) - Home maintenance platform
- Multi (acquired by OpenAI) - Multiplayer app infrastructure
- Cycle (acquired by Atlassian) - Product discovery
- Soomgo (acquired) - Korea's #1 home services marketplace
- Pulsar (acquired by Impel) - Conversational AI for automotive
Active Portfolio (70+ companies): The portfolio spans multiple sectors and includes companies like:
- Gamma - AI presentation tool (AI, productivity)
- Patreon - Creator economy platform
- OpenPhone - Business communications platform
- Doppel - Digital risk protection with AI
- Canary Technologies - Hotel solutions
- The Graph - Web3 indexing layer
- Transcend - Data privacy infrastructure
- Material Security - Email security for enterprise
- Unit21 - AI Risk & Compliance
- Karat - Creator economy fintech
- Collective - Business financial platform
- Multiplier - AI for service businesses
- Audius - Decentralized audio protocol
- Rork - Mobile app development with AI
- Lago - Open source usage-based billing
- Castle - Social gaming platform
- Anytype - Decentralized productivity tool
- dottxt - AI voice technology
- OnePot - Synthetic biology infrastructure
- New.computer - AI agent with memory
- Inco Network - Web3 confidentiality layer
- And 50+ additional portfolio companies
The portfolio demonstrates Script's emphasis on technical founders building infrastructure, developer tools, and applications across AI/ML, fintech, consumer, data infrastructure, web3, cybersecurity, and SaaS sectors.
Founder and Team Background
AJ Solimine (Founder, Managing Partner) is a Harvard-educated entrepreneur and investor with 500+ LinkedIn connections. He co-founded Script Capital and brings extensive experience from his background building early-stage companies.
Evan Tana (Founding General Partner) is a repeat founder and product leader with 15 years of experience in mobile and consumer companies. He has worked at Dropbox and Greylock VC, and founded companies including Loopt (Y Combinator S05) and Shopkick. Evan currently serves as a General Partner at South Park Commons in addition to his role at Script Capital, giving him deep integration into the technical founder community.
Sector and Model Preferences
Script Capital invests across multiple sectors with a clear emphasis on:
Primary Sectors:
- Developer Tools & Infrastructure (developer_tools_infra)
- Security & Cybersecurity (security_cyber)
- Fintech & Payments (fintech_payments)
- AI/ML Applications
- Enterprise Software (enterprise_software)
- Consumer Apps & Social
- Web3/Crypto
- Data Infrastructure
- Healthcare Tech
- Mobile/Communications
- E-commerce
- Real Estate/PropTech
- Synthetic Biology
Business Models: Script focuses on B2B SaaS, developer tools, infrastructure platforms, and consumer applications. They look for sustainable business models with clear paths to profitability.
Geographic Focus
Script Capital primarily invests in the United States, with San Francisco as their home base. However, their geographies of investment extend to Canada, Asia-Pacific, and Europe based on VC Sheet data.
Special Programs
Script Capital runs two innovative programs beyond standard venture investment:
Script Sabbatical: Provides 12-18 months of runway for PhDs or individuals taking sabbatical to explore big ideas within Script's SF offices. This is for founders in the ideation phase.
Script Summer: Supports college and high school students exploring new ideas over the summer instead of traditional internships. The fund has backed students who went on to found companies like Transcend, OpenNote, and Butler.
Warm Introductions and Due Diligence
While the fund does not explicitly require warm introductions on their public materials, the tight integration with South Park Commons and founder community creates a strong warm introduction advantage. The fund's decision speed (24-48 hours) and "pound the table" approach suggests a founder-first culture where compelling ideas with strong founders can move quickly.
Hit Rate and Success Metrics
Script Capital is known for an unusually high acquisition hit rate, with 13+ portfolio companies acquired by major tech acquirers (Snap, Datadog, Twitter, Spotify, OpenAI, Notion, Atlassian, etc.). This demonstrates strong company-building support and founder selection skills.
Investment Application and Process
Founders can apply for funding at script.capital. The fund emphasizes that they care most about "curiosity, velocity of learning and building." Exceptional obsession with a problem space and the ability to will an idea into existence are the key qualities Script seeks. No prior founding experience or product is necessary to apply.
Summary
Script Capital is a specialized pre-seed fund with significant operational support, a strong track record, and deep integration into the technical founder community. Their focus on early-stage technical founders, coupled with their speed of decision-making and high portfolio quality, makes them a distinctive player in the pre-seed landscape. The firm's emphasis on developer tools, infrastructure, and consumer applications—combined with their commitment to emerging areas like AI/ML and Web3—positions them well for investing in the next generation of transformative companies.