Plus, Africa's fintech funding boom. | Wednesday, February 16, 2022 Open in app View in browser Presented By GE Axios Pro Rata By Dan Primack · Feb 16, 2022 Top of the Morning Illustration: Aïda Amer/Axios What's old is new again. Even if it shouldn't be. Driving the news: Bolt Financial, led by "Silicon Valley mob" warrior Ryan Breslow , has begun offering loans to employees who want to buy their vested stock options. The laudable goal is to start the capital gains tax clock, so that employees can keep more cash after a liquidity event. The problem is that it could end up financially maiming the same people that Bolt is seeking to help. Key is the price at which employees can ultimately sell their shares. Bolt was most recently valued by venture capitalists at $14 billion,...