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

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👊 Go Docusign!

After its IPO in 2018, Docusign traded around $40-50 per share, and today it’s trading at over $160, giving it a market cap of ~$30B. Thanks to this growth, Docusign is officially becoming part of the NASDAQ 100 (100 largest companies on the NASDAQ), replacing United Airlines.


There were a bunch of other articles the last few weeks about tech companies overtaking “non-tech” companies, so here are some of the interesting ones:

  • 🚗 Tesla is now the world’s most valuable automaker (they sold 192K cars in 2019, while Toyota sold 10.7M)
  • Nikola is worth more than Ford (they sold 0 cars, ever, while Ford sold 5.5M last year)
  • 🎥 Zoom is worth as much as Goldman Sachs; and more than GE, Caterpillar, and Walgreens
  • 🛍️ Shopify surpassed RBC to become the most valuable company in Canada
  • 🍿 Netflix is worth more than Disney and Comcast


Tech is taking over, but there are definitely industries where “legacy” competitors invested in tech early on and are “winning.” Check out Domino’s vs. the food delivery companies or Visa over the last 10 years.


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