BoxGroup's $750K Early Bet on Cursor Nets About $1 Billion After SpaceX Deal
BoxGroup invested $750,000 in AI coding startup Cursor, which SpaceX acquired for $60 billion, delivering roughly a $1 billion return.
David Tisch, founder of BoxGroup, recalls his childhood hobby of collecting sports cards as a metaphor for early-stage investing. In 2022 the firm wrote a $750,000 check to AI coding startup Cursor, later adding two more investments. SpaceX purchased Cursor for $60 billion, turning that modest stake into an estimated $1 billion payout.
Tisch attributes the win to focusing on founders—Michael Truell and his team—rather than the technology itself. The deal also reflects BoxGroup’s collaborative, low-ownership approach, a contrast to the large, competitive funds dominating venture today. Other BoxGroup portfolio companies such as Clay, Ramp, and Plaid continue to thrive, underscoring the firm’s broader strategy.
Why it matters
It shows how a small, founder-focused VC can achieve outsized returns in a market dominated by massive funds.
In this story
