When your VC is your CEO

Core Insights - A company preparing for an IPO has appointed one of its early venture capitalists, Arjun Sethi, as co-CEO to lead the process [2][3] Company Overview - Arjun Sethi, co-founder of Tribe Capital, has taken on the role of co-CEO at Kraken, a cryptocurrency exchange, as it plans to go public next year [2][3] - Sethi's leadership style is described as unconventional, focusing on data-driven decision-making rather than traditional team-building practices [3] Leadership and Management Style - Sethi is perceived to be the primary decision-maker at Kraken, despite holding a co-CEO title, and operates the company similarly to a venture capital firm [3] - Concerns have been raised regarding Sethi's dual role as Chairman of Tribe Capital, which may present a conflict of interest [4] Financial Developments - Kraken recently closed a $500 million funding round, achieving a valuation of $15 billion [4] - Under Sethi's leadership, Kraken has been actively launching new products, including xStocks tokenized equities, aligning with its vision of integrating cryptocurrency with traditional finance [5] Strategic Vision - Sethi aims to transform Kraken into a family of brands, each supported by a comprehensive suite of executive services, drawing parallels to Mark Zuckerberg's Meta approach [5]