Remove 1996 Remove Churn Rate Remove Software Remove Valuation
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Recurring Revenue is Magic

Seeing Both Sides

For me and my Jewish CEO boss, though, as officers of a public software company, September 30 was a tough day to be out of the office, sitting in synagogue atoning for a year full of sins. We priced our enterprise software in the form of a perpetual license. SalesForce.com basically invented this model for software companies.

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Turing Distinguished Leader Series: With Partner David Zhang, TVC

ReadWriteStart

He focuses on investments in fintech, the internet, and software. I’m a partner at TCV, which we founded in 1996. The beauty of software, in general, is that you have this concept of MVP. Building a business around software has always been different. That’s a valuation number and pricing number.

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