Hey, I'm Dan! I'm the CEO of Plus and a venture partner at Madrona. I write the DL, a newsletter about tech in the Pacific Northwest

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The Mike Speiser Playbook

Kevin Kwok published a fascinating blog post last week on Mike Speiser, the VC at Sutter Hill Ventures who started Snowflake. If you haven’t heard his name before, you should definitely read this article.

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Obsessed with Obsidian

Roam Research, which raised $9M at a $200M valuation, with $1M of ARR was one of the hottest VC deals this year. According to The Information, they were rejected by YC five times, but now they have 100K+ users, including people li

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❄️ “A stock is worth exactly what somebody wants to pay for it”

Would have been hard to miss this one… but Snowflake’s IPO last week was the largest software IPO ever. The IPO priced at $120, and the stock closed on the first day of trading at $250+, for a market cap of ~$70B!

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💧 Wait, what?

OK - so everyone is super pumped about Snowflake and the future of data in the cloud. But have you heard about this bottled water IPO? Nongfu Spring IPO-ed a couple weeks ago at a $50B market cap. And…

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Opendoor Investment Memo

Last week, I shared Bessemer’s investment memo for Shopify with notes on interesting parts of the memo. People seemed to like that, so here’s another VC investment memo!

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Do you work at Amazon yet?

Despite a global pandemic, hiring at most tech companies (except for Uber, Lyft, and Workday) is still on track or even accelerating.

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Bessemer Investment Memos

VCs normally don’t share their investment memos, and the only “public” memo out there is Sequoia’s investment memo for YouTube’s seed round that was used as testimony in a lawsuit.

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Remote Work Sucks -Reed Hastings

As everyone continues to rave about remote work, it was fun to read this interview with Reed Hastings on why he thinks remote work is “a pure negative.” Some highlights:

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DL Reader's Baby Advice

ICYMI last week we had a special DL announcement: Sarah and I are expecting a baby boy next month! I solicited baby advice from DL readers, and here is the collective wisdom in case you're curious:

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August 2020 PNW Venture Deals

Here are the PNW startups that announced new fundraising rounds in the month of August. These 23 companies raised more than $350M last month!

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