Daily Crunch: Former Googlers raise more than $90M to scale alternative asset fintech startup

Christine Hall, Haje Jan Kamps / 1:05 AM UTC+3•November 3, 2022

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Guess what, hello! The month of November is here. We didn't notice that it was November, because what even is time? The game How Long Can You Avoid "Little Drummer Boy" should be played before Halloween. You should not click on that link if you want to play that game, although that is a fairly decent version of the song.

Christine and Haje are going onward.

The TechCrunch Top 3

• And for his next act…: Manish was on a roll again today, covering some cool stories. The first is on some former Googlers rallying around their peer Caesar Sengupta, who raised $90 million to scale Arta Finance, a company that will provide individuals similar access to alternative assets that are usually reserved for the ultrawealthy.
• Betting on web3: Manish’s second story is on Microsoft, which is backing South Korea–based web3 game developer Wemade.
• Come together, right now, in the cloud: Though many companies are asking employees to come back into the office, they and others are still figuring out how to keep distributed teams working as one. Former Yext CEO Howard Lerman thinks he has created the best option with Roam, a company that came out of stealth today with $30 million in new funding, Kyle reports.

Startups and VC

Data from more than 200 startup shows that CTOs are paid more than their CEO counterparts. The balance is usually in the favor of the technical co- founder when it comes to making the same amount of money.

We have an assortment of additional news for you.

Dear Sophie: How can students work or launch a startup while maintaining their immigration status?

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I am a student at a university in the US.

I don't know what I have to do after graduating from college. Does any of these options allow me to start my own business?

I want to work.

Dear Sophie: How can students work or launch a startup while maintaining their immigration status?

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Big Tech Inc.

There was a meeting between civil rights leaders and the Musks. Content moderation was a concern of many of the leaders. There is a report that another person is leaving the company.

Manish is following the Byju's story. India's edtech giant is looking at a $1 billion IPO for Aakash.

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