Hey, I'm Dan! I invest in startups at Madrona and write the DL, a weekly newsletter about tech in the Pacific Northwest

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“I’m not a bonus and salary guy”

Back in July, SoftBank set up a new fund to invest in public equities, and it’s doing very well. So far, they have purchased $4B of call options on tech stocks, and they are up ~100% on their investment. 😲

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Big Week for Tech Investors 🤩

Was last week the best week of the year for tech investors? Not only was it YC Demo Day, but a bunch of tech startups filed to go public as well! Here are some links and articles to get caught up on all of the excitement:

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Three Areas I'm Investing In

In case you’re wondering what themes I’m most interested in right now, here are three areas where I’m excited to find and fund new startups:

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Investors love SPACs

This is a big year for SPACs (special purpose acquisition companies). The way a SPAC works is…

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CalPERS Called Out

What a great board room story...

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