"For Tisch, the secret has been to serve as the Switzerland of VC. Many of the industry's top outfits gain their reputations from leading monster deals or jockeying for board seats at Silicon Valley's hottest startups. But BoxGroup's lane has long been to join a dizzying number of early-stage rounds, allowing the firm to take smaller positions while working hand-in-hand with other firms."
"Tisch has been a linchpin for the burgeoning New York tech scene since he first started getting serious about angel investing in 2009. He furnished BoxGroup's first three funds with his own capital before deciding to bring on limited partners six years ago. The fresh $550 million is split across two funds: an early-stage vehicle, BoxGroup Seven, and an opportunity fund for follow-on investments called BoxGroup Leaven."
BoxGroup has operated for 16 years and recently closed $550 million split between an early-stage fund and an opportunity follow-on fund. The firm focuses on joining many early-stage rounds to take smaller positions and collaborate with other venture firms, building a portfolio including Ramp, Stripe, Plaid, Cursor, Airtable, and Oscar. The founder initially self-funded the first funds before adding limited partners six years ago. Approximately 30% of investments target New York, but the Bay Area remains a primary ecosystem for value creation. The firm intentionally avoids competing on geography and emphasizes cooperative deal participation.
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