David Tisch and BoxGroup generated a roughly $1 billion return from an early investment in Cursor, a bet that initially looked unlikely. The outcome stands as the firm’s largest payoff.
7:26 AMFortune2 stories from 2 sources
Thursday, August 27, 2026
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Other Developments
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Baobab Studios has secured a seven-figure strategic investment from Naver Ventures, the U.S. venture arm of South Korean internet giant Naver. The transmedia animation studio is positioning “Shine” as its flagship title.
3:53 AMVariety7:26 AMFortune
David Tisch has always been a collector. His firm’s biggest prize is a $1 billion return on Cursor
Summary
David Tisch and BoxGroup generated a roughly $1 billion return from an early investment in Cursor, a bet that initially looked unlikely. The outcome stands as the firm’s largest payoff.
The Cursor investment has shifted BoxGroup’s profile from a broad startup collector to a firm
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
One outlier investment can reshape a venture firm’s capital base, reputation, and investment strategy.
3:53 AMVariety
Emmy-Winning Baobab Studios Lands Naver Ventures Investment, Sets ‘Shine’ as Flagship Title (EXCLUSIVE)
Summary
Baobab Studios has secured a seven-figure strategic investment from Naver Ventures, the U.S. venture arm of South Korean internet giant Naver. The transmedia animation studio is positioning “Shine” as its flagship title.
Naver’s investment gives Baobab access to a major technology and entertainment platform, including Naver’s Webtoon
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The investment links an established U.S. animation studio with one of Asia’s largest digital-content platforms, increasing the commercial reach of Baobab’s intellectual property.
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