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Fortune
Fortune
Allie Garfinkle

How David Tisch's BoxGroup turned a $750K bet on Cursor into a $1 billion exit by breaking all the VC rules

(Credit: Courtesy of BoxGroup)

Decades before David Tisch began investing in startups, he was wheeling and dealing sports cards as an 11-year-old kid in the suburbs of New York.

“I’ve been a collector forever,” the founder of venture capital firm BoxGroup said from his Meatpacking District office, surrounded by an assortment of whimsical collectibles. The crown jewel of Tisch’s collection, however, isn’t so easily displayed on a shelf: Tisch and BoxGroup were among the very first investors in AI coding startup Cursor, which this month was acquired by Elon Musk’s SpaceX for $60 billion, the largest VC-backed acquisition of all-time.

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