The Ledger
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Tisch: BoxGroup forbids team members from 'throwing grenades' on deals
“We structurally push our group to not allow that. We have vocabulary internally. We say, like, throwing a grenade. You're not allowed to throw a grenade on some deal. It doesn't help.”
Tisch: BoxGroup has repeatedly missed great deals in their cold inbox
“If I looked back at the quality deals that showed up in our inbox that we missed in that, like, and sometimes we see it a year later and it comes through a warm source and we're like, oh my God, it was sitting there. Like, this is an interesting deal. Or like,…”
Tisch: BoxGroup wrote Ro's entire pre-seed round and followed through growth
“And so if we look at Rowe, the men's health company that just raised a big growth round, we backed Zach Z in the pre-seed. We did that alone. We wrote a check in a round by ourselves. We've been backing that company from the pre-seed all the way up through thi…”
Tisch: BoxGroup passed on investing in Stitch and Check
“There's a company that we looked at called Stitch, which just raised a nice round. There's a company we looked at called Check, which just raised a nice round.”
Tisch: BoxGroup requires only one partner advocate to make an investment
“What it means is in a given deal, somebody has to want to do the deal, and our job is to help that person get to their conviction as best as we can, and so what is it that we can do to help them Do better with how they're thinking about it. You know, sometimes…”
Tisch: BoxGroup invested in unannounced payments startup Catch
“And then there's another company that we invested in that hasn't announced yet, but it's called Catch. It's a sort of payment product.”
BoxGroup leads pre-seed rounds and co-invests in seed rounds
“In a traditional seed round, we're happy to be the second, third biggest check on a cap table. You know, pre-seed round, we're happy to lead it.”
Tisch: BoxGroup targets seed checks between $500,000 and $1 million
“So we write a 500 K, 750 K million dollar check. We do that as the core of our business. It is a target in the majority of companies that we're able to work with.”
Tisch: BoxGroup currently manages over $100 million in capital
“I have a hundred plus million dollars that I manage.”
Tisch: BoxGroup holds over 300 active portfolio companies
“We've been doing this a long time, and so I think today we have probably over 300 active companies in the portfolio.”
Tisch: BoxGroup has invested in Ramp since its seed round
“Ramp is a company that we've been fortunate enough to invest in since the seed round.”
Tisch: BoxGroup missed follow-on opportunities due to limited capital
“I think at the same time, when we look back at the past 10 years, I think we've just left a lot of opportunities on the table. So as we found great companies, the ability to continue to follow on and increase our check size and be a bigger partner to those fou…”