Lighter Capital: $500K Up for Grabs

8/10/11Follow @curtwoodward

Lighter Capital, Seattle’s newly rebranded revenue-based financing startup, is trying to drum up more applications from “weird stuff that makes money” by promising it will lend up to $500,000 to at least one company that applies in August. The winner has to fit Lighter Capital’s requirements—generally speaking, companies that have “a proven revenue model and healthy gross margins.” Lighter Capital is led by CEO Andy Sack and VP Randall Lucas, who says the startup has invested more than $1.1 million in the past six months, and is on track to nearly double that pace.

Curt Woodward is a senior editor for Xconomy based in Boston. Email: cwoodward@xconomy.com Follow @curtwoodward

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  • http://www.lightercapital.com Andy Sack

    thanks, curt. Feedback has been awesome so far, even if the “explosiveness” is kind of crazy