1
TCV, founded in 1995, is one of the largest growth equity firms with a focus solely on technology and technology-enabled services companies. With over 40 investment professionals and over $10 billion of capital raised to date, TCV partners with entrepreneurs to build market-leading companies, and has demonstrated success through 59 IPOs and 49 M&A exits since inception. We are flexible, active, and long-term investors who stay involved with and continue to invest in our portfolio companies through all stages of growth. SNAPSHOT OF TCV INVESTMENTS For a complete list of TCV investments, visit www.tcv.com/portfolio-list SELECT RECENT INVESTMENTS HireVue - Digital interviewing & employee coaching platform June 2, 2015 - $45M Series E round led by TCV TCV Board Member: Nari Ansari Spotify - Subscription music streaming platform June 10, 2015 - $526M Series G round with TCV participation TCV Board Member: Woody Marshall GoFundMe - Online crowdfunding platform for personal causes June 16, 2015 - Buyout led by TCV and Accel TCV Board Member: Woody Marshall OneSource Virtual - Business process as a service (BPaaS) provider June 18, 2015 - $150M Financing led by TCV TCV Board Members: Jake Reynolds, John Drew and Nari Ansari Dollar Shave Club - Online subscription service for razors and grooming accessories June 22, 2015 - $75M Series D round with TCV participation TCV Board Member: Woody Marshall Avvo - Online legal marketplace connecting consumers and lawyers July 28, 2015 - $72M Series E round led by TCV TCV Board Member: Jay Hoag IQMS - Developer of manufacturing ERP software August 4, 2015 - $40M Series B round led by TCV TCV Board Members: Jake Reynolds and Kapil Venkatachalam Varsity Tutors - Live learning platform for private instructors in the United States November 10, 2015 - $57M Series B round led by TCV TCV Board Member: Woody Marshall Perfecto - Continuous quality and testing platform for all stages in the application development lifecycle November 11, 2015 - $35M Series E round led by TCV TCV Board Member: John Doran Datto - Provider of backup and disaster recovery solutions November 16, 2015 - $75M Series B round led by TCV TCV Board Member: Ted Coons Why we invested in Datto: Read Our Datto Blog Post » NewVoiceMedia - Provider of cloud technology for enterprise inside sales January 28, 2016 - $30M Financing round with TCV participation TCV Board Member: John Rosenberg Fuze - Provider of enterprise voice, video and collaboration solutions February 2, 2016 - $112M Series E round with TCV participation TCV Board Member: Ted Coons SELECT M&A NEWS Merkle Acquires Digital Analytics Consultancy, Pointmarc April 7, 2015 - Merkle, a leading technology-enabled, data-driven performance marketing agency and the nation's largest privately-held agency, announced that it has acquired Seattle- based Pointmarc, a leading digital analytics consultancy with world-class site analytics and optimization capabilities. Merkle's acquisition was motivated by Pointmarc's expertise in highly specialized, sophisticated data architecture and engineering environments. SiteMinder Acquires Globekey to Accelerate Direct Booking Presence in Asia June 4, 2015 - SiteMinder, the leading cloud platform for hotels, today announces it has acquired Asia-based online reservation systems provider Globekey. The acquisition, completed this month, significantly increases the direct booking contribution to the SiteMinder business from within Asia, especially in Globekey's primary markets of Indonesia and Thailand where the majority of Globekey's 1200 global hotel customers are currently located. Thoma Bravo Acquires iPipeline, Leading Insurance Technology Player August 5, 2015 - Private equity investment firm Thoma Bravo acquired iPipeline, a technology provider of cloud- based software solutions to the life insurance industry. Founded in 1995, iPipeline provides cloud-based software solutions for the life insurance industry to simplify insurance sales, compliance, operations and support, and enable automated processing for pre-sales, point-of-sale execu-tion of applications, post-sale support, reporting, consumer delivery and agency management. Rapid7 Acquires Logentries; Adds Machine Data Search to Its Leading Security Data and Analytics Platform October 13, 2015 - Rapid7, Inc. (NASDAQ: RPD), a leading provider of security data and analytics solutions, announced it has acquired RevelOps, Inc. d/b/a Logentries, a leading provider of machine data search technology. With the addition of Logentries' world class, cloud- based log management and search, Rapid7 will enable information security teams to solve a full range of security challenges, deeply investigate incidents, and more efficiently achieve their compliance requirements. Thinkingphones acquires leading video conferencing provider Fuze November 16, 2015 - Thinkingphones, the award-winning provider of enterprise Unified Communications as a Service (UCaaS), announced it had agreed to acquire Fuze, a leading cloud-based video conferencing company. Thinkingphones, which previously offered powerful solutions for delivering mobile- friendly and analytics-driven voice, text, and messaging, will add Fuze's video conferencing capabilities to create a truly integrated and powerful suite of services addressing every form of enterprise communication. Thinkingphones rebranded as Fuze in February 2016. IPO NEWS GoDaddy goes public in 2015 IPO April 1, 2015 - GoDaddy, the #1 internet domain registrar and small business technology service provider, priced its initial public offering (IPO) on the New York Stock Exchange at $20 per share and be-gan trading under the ticker GDDY. Alarm.com Announces Pricing of Initial Public Offering June 25, 2015 - Alarm.com Holdings, Inc., the leading platform solution for the connected home, announced the pricing of its initial public offering of 7,000,000 shares of common stock at a price to the public of $14.00 per share. The shares began trading on the NASDAQ Global Select Market on June 26, 2015 under the symbol "ALRM." Rapid7 Announces Pricing of Initial Public Offering July 16, 2015 - Rapid7, Inc. a leading provider of security data and analytics solutions, announced the pricing of its initial public offering of 6,450,000 shares of common stock at a price to the public of$16.00 per share. The shares began trad-ing on The NASDAQ Global Market on July 17, 2015 under the ticker symbol "RPD". Mentoring Matters: Q&A with Chuck Davis "Mentoring is one of the most under-appreciated skills in business today," says Chuck Davis, Venture Partner at Technology Crossover Ventures (TCV) and CEO & Chairman of Prodege. "It's easy to throw out tidbits of advice and try to provide guidance, but few master the delicate art of mentoring the leaders of tomorrow." Davis should know. A protégé of former NFL Commissioner Pete Rozelle, Davis is quick to respond to students and young business leaders who reach out to him. He credits this to his relationship with Rozelle, which began when a 13-year old Davis sent a copy of his new sports magazine, Pro Grid Weekly to the commissioner. Impressed by Davis' entrepreneurial spirit, Rozelle invited the youngster to NFL headquarters to interview him. Over time, Davis attended 10 NFL Drafts as a guest of the commissioner, who later hired Davis as an intern and wrote his business school recommendation letters. Davis often wonders how his life might have been different if Rozelle hadn't taken an interest in him at such a young age. In this exclusive interview, Davis discusses: What he learned from Rozelle, and how he applies those lessons to help tomorrow's leaders achieve their full potential How coaching sports helped him become a better mentor How CEOs might go about finding a mentor of their own TCV: What did Rozelle teach you about business and life, and how has that influenced your approach to mentoring first time and serial CEOs? Davis: I was very fortunate to have a senior business figure like the Commissioner take an interest in me. It's made me want to give back, and one way I do that is by being an Entrepreneur-in- Residence (EiR) at Harvard, where I meet with over 50 students annually to review their startup business plans. I think it is important that leaders dedicate time to give back because someone paid it forward to us, and now it's our turn. TCV: You've said time spent coaching your children's soccer teams has made you a better leader and mentor. How so? Davis: I apply what I've learned on the field to the organizations I lead. I first started coaching and then I became a center referee, which helped me see the players differently. In business, a chairman, like a center referee, typically has certain rights, responsibilities and insights, while a director might approach and see things differently. I try to look at entrepreneurs and companies from all perspectives. One coaching trick - switching defenders with forwards to achieve better results - is also a way to foster teamwork and make employees more efficient. Switching product and marketing people enables them to understand each other's roles and challenges, so instead of criticizing co-workers, people see what they can do to help each other. I make a point of driving this lesson home at Prodege, parent of Swagbucks, and when mentoring founders. You know that saying about walking in another man's shoes? Well, it's easy to forget what it's like unless you keep doing it. TCV: There must be a delicate balance between mentoring a founder and coming across as an "over-bearing" investor. Where do you draw that fine line? To read the rest of this interview: Visit Medium.com » STAFF NEWS NEW MEMBERS Katja Gagen Principal and Head of Marketing Muz Ashraf Vice President Nick Crowne Vice President Scott Kirk Vice President Gloria Baeuerlein Associate Joe Blundo Associate Stanislas Chanavat Associate Landon Jaussi Associate Aleksandra Antolak Analyst Justin Wexler Analyst Read Our Team Bios » If you are interested in learning more about how we partner with great management teams or know of a business that might interest us, let us know. PALO ALTO 528 Ramona St. Palo Alto, CA 94301 Tel: +1 (650) 614-8200 NEW YORK 280 Park Avenue East Building 26th Floor New York, NY 10017 Tel: +1 (212) 808-0200 LONDON 1st Floor 11 Charles II Street London SW1Y 4QU Tel: +44 (0)20 7004 2620 This newsletter is intended solely for prospective portfolio companies and their agents regarding TCV's potential financing capabilities, and is not an offer to sell to any person, or solicitation from any person of any offer to buy, any securities. Certain information contained in this newsletter consists of portions of press releases issued by our portfolio companies. Such information has not been independently verified by TCV, and TCV does not assume responsibility for the accuracy of such information. M&A exits refer to sales that resulted in a gain. Organization headcount includes Venture Partners and Executive Advisors who are typically consultants and not employees of TCV. The portfolio companies described in this newsletter are not a complete list of TCV's investments and no assumption should be made that the investments identified herein were or will be profitable; for a complete list of TCV investments (other than certain public company investments), visit us at www.tcv.com/portfolio-list. ©2016

SNAPSHOT OF TCV INVESTMENTS · 528 Ramona St. Palo Alto, CA, 94301, USA Update Profile This email and any attachments thereto may contain private, confidential, and privileged material

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Page 1: SNAPSHOT OF TCV INVESTMENTS · 528 Ramona St. Palo Alto, CA, 94301, USA Update Profile This email and any attachments thereto may contain private, confidential, and privileged material

From: Anne Wilcox Aviles [email protected]: FW: TCV Spring 2016 Newsletter [Request ID :##94202##]

Date: March 16, 2016 at 8:20 PMTo: AJ Ross ([email protected]) [email protected], IT-Requests [email protected]

AJ,

Our newsle-er just went out over email but the firm that did the work didn’t create a .pdf for our website and nowthey are quite busy and cant do it for several weeks.

Can you help or have the bandwidth?

Newsle-er is below.

Let me know,

Anne Wilcox AvilesIT DirectorTechnology Crossover Ventures528 Ramona StreetPalo Alto CA 94301650-614-8250

TCV, founded in 1995, is one of the largest growth equity firms with a focus solely on technology and technology-enabled services companies.

With over 40 investment professionals and over $10 billion of capital raised to date, TCV partners with entrepreneurs to build market-leading companies, and has demonstrated success through 59 IPOs and 49 M&A exits since inception. We are flexible, active, and long-term investors who stay involved with and continue to invest in our portfolio companies through all stages of growth.

SNAPSHOT OF TCV INVESTMENTS

For a complete list of TCV investments, visit www.tcv.com/portfolio-list

SELECT RECENT INVESTMENTS

HireVue - Digital interviewing & employee coaching platform

June 2, 2015 - $45M Series E round led by TCV

TCV Board Member: Nari Ansari

Spotify - Subscription musicstreaming platform

June 10, 2015 - $526M Series G roundwith TCV participation

TCV Board Member: Woody Marshall

GoFundMe - Online crowdfunding platform for personal causes

June 16, 2015 - Buyout led by TCV and Accel

TCV Board Member: Woody Marshall

OneSource Virtual - Businessprocess as a service (BPaaS)provider

June 18, 2015 - $150M Financing led byTCV

TCV Board Members: Jake Reynolds,John Drew and Nari Ansari

Dollar Shave Club - Online subscription service for razors and grooming accessories

June 22, 2015 - $75M Series D round with TCV participation

TCV Board Member: Woody Marshall

Avvo - Online legal marketplace connecting consumers and lawyers

July 28, 2015 - $72M Series E round led by TCV

TCV Board Member: Jay Hoag

IQMS - Developer of manufacturing ERP software

August 4, 2015 - $40M Series B round led by TCV

TCV Board Members: Jake Reynolds and Kapil Venkatachalam

Varsity Tutors - Live learning platform for private instructors in the United States

November 10, 2015 - $57M Series B round led by TCV

TCV Board Member: Woody Marshall

Perfecto - Continuous quality and testing platform for all stages in the application development lifecycle

November 11, 2015 - $35M Series E round led by TCV

TCV Board Member: John Doran

Datto - Provider of backup and disaster recovery solutions

November 16, 2015 - $75M Series B round led by TCV

TCV Board Member: Ted Coons

Why we invested in Datto:Read Our Datto Blog Post »

NewVoiceMedia - Provider of cloud technology for enterprise inside sales

January 28, 2016 - $30M Financing round with TCV participation

TCV Board Member: John Rosenberg

Fuze - Provider of enterprisevoice, video and collaborationsolutions

February 2, 2016 - $112M Series Eround with TCV participation

TCV Board Member: Ted Coons

SELECT M&A NEWS

Merkle Acquires Digital Analytics Consultancy, Pointmarc

April 7, 2015 - Merkle, a leading technology-enabled, data-driven performance marketing agency and the nation's largest privately-held agency, announced that it has acquired Seattle-based Pointmarc, a leading digital analytics consultancy with world-class site analytics and optimization capabilities. Merkle's acquisition was motivated by Pointmarc's expertise in highly specialized, sophisticated data architecture and engineering environments.

SiteMinder Acquires Globekey to Accelerate Direct Booking Presence in Asia

June 4, 2015 - SiteMinder, the leading cloud platform for hotels, today announces it has acquired Asia-based online reservation systems provider Globekey. The acquisition, completed this month, significantly increases the direct booking contribution to the SiteMinder business from within Asia, especially in Globekey's primary markets of Indonesia and Thailand where the majority of Globekey's 1200 global hotel customers are currently located.

Thoma Bravo Acquires iPipeline, Leading Insurance Technology Player

August 5, 2015 - Private equity investment firm Thoma Bravo acquired iPipeline, a technology provider of cloud-based software solutions to the life insurance industry. Founded in 1995, iPipeline provides cloud-based software solutions for the life insurance industry to simplify insurance sales, compliance, operations and support, and enable automated processing for pre-sales, point-of-sale execu-tion of applications, post-sale support, reporting, consumer delivery and agency management.

Rapid7 Acquires Logentries; Adds Machine Data Search to Its Leading Security Data and Analytics Platform

October 13, 2015 - Rapid7, Inc. (NASDAQ: RPD), a leading provider of security data and analytics solutions, announced it has acquired RevelOps, Inc. d/b/a Logentries, a leading provider of machine data search technology. With the addition of Logentries' world class, cloud-based log management and search, Rapid7 will enable information security teams to solve a full range of security challenges, deeply investigate incidents, and more efficiently achieve their compliance requirements.

Thinkingphones acquires leading video conferencing provider Fuze

November 16, 2015 - Thinkingphones, the award-winning provider of enterprise Unified Communications as a Service(UCaaS), announced it had agreed to acquire Fuze, a leading cloud-based video conferencing company. Thinkingphones, which previously offered powerful solutions for delivering mobile-friendly and analytics-driven voice, text, and messaging, will add Fuze's video conferencing capabilities to create a truly integrated and powerful suite of services addressing every form of enterprise communication. Thinkingphones rebranded as Fuze in February 2016.

IPO NEWS

GoDaddy goes public in 2015 IPO

April 1, 2015 - GoDaddy, the #1 internet domain registrar and small business technology service provider, priced its initial public offering (IPO) on the New York Stock Exchange at $20 per share and be-gan trading under the ticker GDDY.

Alarm.com Announces Pricing of Initial Public Offering

June 25, 2015 - Alarm.com Holdings, Inc., the leading platform solution for the connected home, announced the pricing of its initial public offering of 7,000,000 shares of common stock at a price to the public of $14.00 per share. The shares began trading on the NASDAQ Global Select Market on June 26, 2015 under the symbol "ALRM."

Rapid7 Announces Pricing of Initial Public Offering

July 16, 2015 - Rapid7, Inc. a leading provider of security data and analytics solutions, announced the pricing of its initial public offering of 6,450,000 shares of common stock at a price to the public of$16.00 per share. The shares began trad-ing on The NASDAQ Global Market on July 17, 2015 under the ticker symbol"RPD".

Mentoring Matters: Q&A with Chuck Davis

"Mentoring is one of the most under-appreciated skills in business today," says Chuck Davis, Venture Partner at Technology Crossover Ventures (TCV) and CEO & Chairman of Prodege. "It's easy to throw out tidbits of advice and try to provide guidance, but few master the delicate art of mentoring the leaders of tomorrow."

Davis should know. A protégé of former NFL Commissioner Pete Rozelle, Davis is quick to respond to students and young business leaders who reach out to him. He credits this to his relationship with Rozelle, which began when a 13-year old Davis sent a copy of his new sports magazine, Pro Grid Weekly to the commissioner.

Impressed by Davis' entrepreneurial spirit, Rozelle invited the youngster to NFL headquarters to interview him. Over time, Davis attended 10 NFL Drafts as a guest of the commissioner, who later hired Davis as an intern and wrote his business school recommendation letters. Davis often wonders how his life might have been different if Rozelle hadn't taken an interest in him at such a young age. In this exclusive interview, Davis discusses:

What he learned from Rozelle, and how he applies those lessons to help tomorrow's leadersachieve their full potentialHow coaching sports helped him become a better mentorHow CEOs might go about finding a mentor of their own

TCV: What did Rozelle teach you about business and life, and how has that influenced your approach to mentoring first time and serial CEOs?

Davis: I was very fortunate to have a senior business figure like the Commissioner take an interest in me. It's made me want to give back, and one way I do that is by being an Entrepreneur-in-Residence (EiR) at Harvard, where I meet with over 50 students annually to review their startup business plans. I think it is important that leaders dedicate time to give back because someone paid it forward to us, and now it's our turn.

TCV: You've said time spent coaching your children's soccer teams has made you a better leader and mentor. How so?

Davis: I apply what I've learned on the field to the organizations I lead. I first started coaching and then I became a center referee, which helped me see the players differently. In business, a chairman, like a center referee, typically has certain rights, responsibilities and insights, while a director might approach and see things differently. I try to look at entrepreneurs and companies from all perspectives.

One coaching trick - switching defenders with forwards to achieve better results - is also a way to foster teamwork and make employees more efficient. Switching product and marketing people enables them to understand each other's roles and challenges, so instead of criticizing co-workers, people see what they can do to help each other. I make a point of driving this lesson home at Prodege, parent of Swagbucks, and when mentoring founders. You know that saying about walking in another man's shoes? Well, it's easy to forget what it's like unless you keep doing it.

TCV: There must be a delicate balance between mentoring a founder and coming across as an "over-bearing" investor. Where do you draw that fine line?

To read the rest of this interview: Visit Medium.com »

STAFF NEWS

NEW MEMBERS

Katja Gagen Principal and Head of

Marketing

Muz Ashraf Vice President

Nick Crowne Vice President

Scott Kirk Vice President

Gloria Baeuerlein Associate

Joe Blundo Associate

Stanislas Chanavat Associate

Landon Jaussi Associate

Aleksandra Antolak Analyst

Justin Wexler Analyst

Read Our Team Bios »

If you are interested in learning more about how we partner with greatmanagement teams or know of a business that might interest us, letus know.

PALO ALTO

528 Ramona St.Palo Alto, CA 94301

Tel: +1 (650) 614-8200

NEW YORK

280 Park AvenueEast Building 26th Floor

New York, NY 10017Tel: +1 (212) 808-0200

LONDON

1st Floor11 Charles II StreetLondon SW1Y 4QU

Tel: +44 (0)20 7004 2620

This newsletter is intended solely for prospective portfolio companies and their agents regarding TCV's potential financing capabilities, and is not an offer to sell to any person, or solicitation from

any person of any offer to buy, any securities. Certain information contained in this newsletter consists of portions of press releases issued by our portfolio companies. Such information has not been independently verified by TCV, and TCV does not assume responsibility for the accuracy of

such information. M&A exits refer to sales that resulted in a gain. Organization headcount includes Venture Partners and Executive Advisors who are typically consultants and not employees of TCV. The portfolio companies described in this newsletter are not a complete list of TCV's investments

and no assumption should be made that the investments identified herein were or will be profitable; for a complete list of TCV investments (other than certain public company investments), visit us at

www.tcv.com/portfolio-list. ©2016

This email was sent by: Technology Crossover Ventures528 Ramona St. Palo Alto, CA, 94301, USA

Update Profile

This email and any attachments thereto may contain private, confidential, and privileged material for the sole use of the intended recipient.Any review, copying, or distribution of this email (or any attachments thereto) by any unintended recipient is strictly prohibited. If you are notthe intended recipient, please contact the sender immediately and permanently delete the original and any copies of this email and anyattachments thereto.