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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🏇 Honestly not a very close race

Back in July, I asked readers which company would hit $2T first, and 90%+ of you said Amazon or Microsoft. Well, looks like we were wrong because Apple was the first company to cross the $2T mark last Wednesday.

The craziest part of this milestone is it took Apple 42 years to reach its first $1T in value, but it went from $1T to $2T in 22 weeks! (If you look closely at the graph, you can see the red line dips down to ~$980B in March). And this in the midst of the COVID pandemic and an antitrust investigation!

So are we still betting on Amazon for first company to reach $10T? Or is it going to Apple instead? At this pace of $1T every 22 weeks, they should get there in like 3 years.

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