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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🚀 Rocketship stocks

Speaking of big ideas, space travel is super hot. Over the last two months, Virgin Galactic’s stock has jumped from $7 to nearly $20. Analysts only expect the company to make $4.5M of revenue this year, but somehow it’s worth more than $3B. Looks like people really want to invest in space. 🤷🏻‍♂️

(btw - you can see their investor deck here. I like the investment rationale section, which centers around rich people valuing experiences over things, and the market sizing based on research showing that consumers are willing to spend 1.0-1.5% of their net worth in a single discretionary purchase)

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