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Brier Dudley offers a critical look at technology and business issues affecting the Northwest.

July 19, 2012 at 7:00 AM

New CEO at Lighter Capital

Lighter Capital founder Andy Sack is taking a new role at the Seattle startup financing outfit.

Sack’s becoming executive chairman and a new chief executive, BJ Lackland, is taking over. The change is being announced today.thurs

Sack battled testicular cancer earlier this year but a spokesman said he’s cancer-free and feeling well.

The change is mostly to give Sack more time with his other startup-financing ventures, TechStars Seattle and Founder’s Co-Op.

lackland.jpg

Lackland (left) is a former venture capitalist who previously was chief financial officer at Power Efficiency Corp., a manufacturer of electronic control devices. He’s a Seattle native and University of Wasington alum.

Lighter Capital provides companies financing in return for a percentage of their revenue. Since 2010 it has provided $2.3 million to 16 companies. It now has five full-time employees.

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