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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Unicorns

+1 🦄

Another one! Last week, Remitly announced an $85M Series F that valued the company at $1.5B, making Remitly the 38th PNW unicorn! In case you don’t know much about the company, here’s a quick summary:

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+1 to the PNW Unicorn Tracker 🦄

The PNW got its newest unicorn last week, as Qumulo raised a $125M Series E at a $1.2B valuation! This is the 37th startup (according to The DL’s unicorn tracker) to reach a $1B+ valuation in the PNW...

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+1 for Vancouver! 🦄

PNW startups are pretty understated relative to their Bay Area peers. So it’s amazing to see a ~$20B company in Vancouver (WA) go public with so little fanfare that Techcrunch wrote, “The ZoomInfo IPO slipped through our fingers i

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What's happening at WeWork?

The WeWork IPO has gotten way too complicated, so here is the best summary of what’s going on that you can read in less than two minutes:

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Seattle Unicorns

All of the Seattle unicorns founded since 1994 (when Amazon was founded)

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