Venture capital firm BoxGroup, founded by David Tisch, generated approximately $1 billion in returns from an initial $750,000 investment in Cursor, an AI coding startup acquired by Elon Musk’s SpaceX for $60 billion—the largest VC-backed acquisition of all time. The investment was sourced by then-principal Claire Smilow at BoxGroup, who recognized the potential of the founding team despite their initial focus on AI for CAD that never materialized. The deal is expected to return more than all the capital BoxGroup has ever raised from limited partners.
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