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million in one year, the year we went public at a billion dollar valuation (ok, it was 1996; everyone went public in 1996 with a billion dollar valuation), and then $61 million the following year. In a SaaS or subscription software business, you can predict your churnrate and new business closings to determine your growth rate.
I’m a partner at TCV, which we founded in 1996. The churnrate increased, and then the stock plummeted by 70 percent. Here is the full YouTube — Please enjoy this episode: How to Scale Unicorns. And before we get started, could you share a little about TCV and what got you into venture investing? David Zhang.
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