How David Tisch's BoxGroup turned a $750K bet on Cursor into a $1 billion exit by breaking all the VC rules
Fortune 29 ● 2 sources
Cursor was acquired by SpaceX for $60 billion, turning early investor BoxGroup’s initial $750,000 bet into a result that is expected to total about $1 billion. BoxGroup first invested in June 2022 with a $750,000 check to Cursor CEO Michael Truell, followed by additional checks. The deal reinforces BoxGroup’s people-first, highly collaborative VC approach and suggests that smaller bet sizes and less focus on ownership can still produce major exits in AI tooling.