On Tuesday, a startup called Secfi announced it had secured $550 million in capital from Jody LaNasa's Serengeti hedge fund.
Secfi was born after the founder, Wouter Witvoet, left a previous startup, bought his stock options and was slammed with a $1.8 million tax bill.
After many failures at convincing conventional Silicon Valley VCs to invest in his idea of a startup that helps employees safely cash out, he nabbed LaNasa as an investor.
This new $550 million in capital from Serengeti is not a...
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