00:00 Ramshin Kamari
Ram Singkamari, host of Morning Brief Market Sunrise, sat down with Kraken CEO R CEO Arjun Sethi, who is involved in leadership in several other companies at the intersection of finance and artificial intelligence. One of the other hats he wears as chairman of venture capital firm Tribe Capital. Please listen.
00:20 Arjun Seti
I wear a variety of hats along with my Kraken. So, um, on the Tribe, the real goals on the Tribe, um, that's what you know and what you know, um, how do you build so that you can branch out against it, was it really? And the reason that says, um, we came to us and met with us, um, and pitched their ideas, and were turned down because of what their resume is, where they are, who they are, because of the colour of their skin and gender identity. So you take out all those pieces, what really matters is what they've been working on. Um, how about that, um, um, is innovation continuing to grow? How can I quantify it? Um, and what aspects can you use to make sure you know that you can identify the specific product market feature set they have? At Tribe Capital, almost 20-30% of our capital is in emerging markets, but these emerging market companies are better than you know what traditional companies see in the US and European markets, but better than you know. And our goal was to identify the best. We did. We identified Slack really early on. Before they made it public, we were early investors in my previous company. I did that on Snapchat. I did that in the square. We did it with Lyft. So when we say that AI exists, it works just to increase what is functioning. Today, our company is focusing on getting data from those companies and helping to grow insights, and through those insights, we can make our time, our capital and our position as successful as possible.
05:09 Ramshin Kamari
You've said you've worn a lot of hats before, so one of your other businesses is the terminal. How did you get the idea for this?
05:19 Arjun Seti
If you see what Benjamin Graham and he did for accounting and benchmarking, if you know, you know, and you know, and you know, and you know, and you know, and you know, and you know, and you know, and you know, and the whole world of finance built on it, uh, that is essentially what we do in the private market, and now the capital we are investing in – the capital that is the way we invest. Investor. We wanted to be able to fill that gap so that companies could build software that could use it, so other funds could use it. So I'm happy to say that our data points are currently close to 36 million companies. Umm, um, there are a lot of people who think they look very similar to us. It's a way to distribute capital evenly to companies that have a good pitch but not to companies that are not good products, but to companies that are worth it or need it.
