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.
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.