How David Tischs BoxGroup turned a $750K bet on Cursor into a $1 billion exit by breaking all the VC rules
News Source : Yahoo Entertainment
News Summary
- David Tisch is the founder of venture capital firm BoxGroup.
- Tisch and BoxGroup were among the very first investors in AI coding startup Cursor.
- Cursor was acquired by Elon Musk's SpaceX for $60 billion, the largest VC-backed acquisition of all-time.
- BoxGroup first wrote a $750,000 check to Cursor CEO Michael Truell, plus two follow-on checks, ultimately proffering a return that should shake out to around $1 billion, a source familiar with the matter told Fortune.
Decades before David Tisch began investing in startups, he was wheeling and dealing sports cards as an 11yearold kid in the suburbs of New York.
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