Venture capital performance may be measured in ten-year chunks, but only an elite club of firms can claim to have stayed consistent—let alone functional—for anywhere close to that timeframe. David Tisch’s BoxGroup, which boasts 16 years of operation and just closed $550 million in new funding, can claim a spot among those ranks.
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. The approach has created an enviable portfolio consisting of a murderers’ row of companies from the past decade-plus: Ramp, Stripe, Plaid, Cursor, Airtable, Oscar, and the list goes on. “We’re able to work with every other fund in the market versus against them,” Tisch tells me.
