""My neighbors think I'm under house arrest," observes Arjun Sethi. It's not hard to see why. On the driveway of Sethi's comfortable Menlo Park home, located a few miles from Stanford University, sits a black Cybertruck that rarely leaves. Meanwhile, various figures stream in and out of a wide open garage anchored by a table littered with electronics. Inside, there are no pictures on the walls and the domicile's only personality is supplied by a large German Shepherd patrolling the backyard."
"Sethi is no criminal, though, and the house is not just his home. It is also the prime outpost for Kraken, the longtime cryptocurrency exchange where Sethi, who draws few lines between his personal and professional life, is co-CEO. The gray-flecked 42-year-old, who favors plain t-shirts, may not be concerned what his neighbors think of him. But he does have to care about the opinions of another group: Kraken's investors, who are expecting big things in the near future."
"Founded in 2011, Kraken has long flown under the radar compared to its bigger competitor Coinbase, but has always commanded the respect of traders and crypto veterans. In the past year, the company has reached for a bigger share of the spotlight with high-profile acquisitions and product launches ahead on an IPO planned for next year. All of this will test whether Kraken can meet the lofty $15 billion valuation that came with a new funding round it closed this month."
Arjun Sethi operates from a Menlo Park home that doubles as Kraken's primary outpost, with a seldom-used Cybertruck, an open garage full of electronics, and a German Shepherd. The house reflects blurred lines between personal and professional life as Sethi, co-CEO of Kraken, hosts colleagues and company activity at his residence. Kraken, founded in 2011, has earned respect among traders despite remaining less visible than Coinbase. Recent high-profile acquisitions and upcoming product launches aim to increase visibility ahead of a planned IPO next year. A recent funding round set a $15 billion valuation, placing pressure to deliver growth.
Read at Fortune Crypto
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