Origins - Inside Venture Capital, Hosted by a GP and an LP Nick & Beezer co-host David Tisch, Box Group
Feb 14, 2023
David Tisch, Founder of Box Group and a veteran seed investor in NYC, shares insights on the unique seed investment strategy that prioritizes founders. He discusses the emotional weight of saying no to entrepreneurs and the importance of backing second-time founders who learn from past failures. The conversation also covers Box Group's decision to raise external capital after years of self-funding and the current venture capital landscape, emphasizing the importance of adaptability amidst market shifts.
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The Ten-Minute Investment Decision
- Venture investing often requires making rapid judgments and building rapport in minutes.
- David Tisch says you have about 11 minutes to decide and convince founders in early-stage meetings.
The Techstars First Cut
- David Tisch recounts meeting Nick via Techstars applications and rejecting his early startup.
- He reflects on the emotional burden of saying no to founders who are deeply attached to their ideas.
The Unchanged Core Of Early-Stage Work
- The core job of early-stage investing rarely changes over years: find new deals and back founders.
- Tisch calls it a privilege and values consistency over 'fun' in the role.