Kraken’s $15 Billion Price Tag; Dylan Field’s Unusual Power

The tech investment climate feels more like New York City (97 degrees) today than San Francisco (67 degrees). That is to say, it’s scorching hot and starting to get uncomfortable. 

The latest major startup deal I’m hearing about is crypto exchange Kraken seeking about $500 million, at a $15 billion valuation, according to people familiar with the matter.