Remove 1996 Remove Churn Rate Remove Distribution Remove Equity
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Turing Distinguished Leader Series: With Partner David Zhang, TVC

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I’m a partner at TCV, which we founded in 1996. You know, a lot of times, what we hear is: “Hey, what does the company do is $5 billion of equity value is $10 billion.” The churn rate increased, and then the stock plummeted by 70 percent. David Zhang. We’re a crossover fund. That’s not what we do.

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