Hey, I'm Dan! I'm the CEO of Plus and a venture partner at Madrona. I write the DL, a newsletter about tech in the Pacific Northwest

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April 2020 PNW Venture Deals

Here are the PNW startups that announced new fundraising rounds in the month of April. Despite the COVID slowdown, these 28 companies raised $220M+ last month!

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Earnings Highlights from Microsoft and Amazon

Microsoft: “As COVID-19 impacts every aspect of our work and life, we’ve seen two years’ worth of digital transformation in two months“

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Actual P&L from a Seattle Restaurant

The owner of Some Random Bar posted a very sobering video breaking down his restaurant’s economics during the quarantine and its prospects going forward. Some key stats:

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How Will Tech Change Post-COVID?

Coming out of the last crisis, tech companies have done incredibly well, and COVID is driving every organization (and consumer) to adopt new technologies faster than they would have otherwise. So who is best positioned to win?

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Expedia Raises $3.2B and Gets a New CEO

In Expedia’s announcement about their $3.2B in new funding and new CEO, Barry Diller said, “We are unable to make any predictions as to when travel will rebound but we emphatically believe that it will.”

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SaaS Trends during the Crisis

Last week at the SaaStr conference, ProfitWell shared data on how 10K+ SaaS companies are being impacted by COVID-19. Some of the takeaways:

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How to Close a $10B Deal

A couple weeks ago, the Department of Defense released a 317 page report on the $10B JEDI contract. While the report was meant to investigate misconduct, it’s also a great look at how the digital transformation and procurement pro

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How Seattle Businesses Came Together to Fight COVID-19

Fortune wrote a fantastic article last week on how Seattle came together so quickly to respond to COVID-19 in Washington...

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Billionaires Hate Bailing Out Billionaires

A bunch of tech investors and CEOs are criticizing the COVID bailouts because the funds are going to help shareholders (i.e., the 1% who own 50%+ of all equity) at the expense of employees and taxpayers (who will foot the bill).

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CalPERS Called Out

What a great board room story...

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