Tech Moves: Drugstore.com vet takes helm at Allrecipes; Cascadia hires investment banking vet; etc.

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Former drugstore.com vice president of e-commerce Stan Pavlovsky has been named president of Allrecipes.com, an appointment that comes after longtime exec Lisa Sharples announced that she’d be leaving the company next month. Founded in 1997, Allrecipes was acquired a year ago by magazine publisher Meredith for $175 million. “Stan has the ultimate combination of marketing… Read More…

Tech Moves: Andy Sack passes torch at Lighter Capital; OUYA’s new hire

Andy Sack (Randy Stewart photo)

Andy Sack is stepping aside as CEO of Lighter Capital, the Seattle investment firm that provides revenue-based loans to companies that angel or venture capitalist won’t touch. Sack will remain executive chairman, and in his place as CEO will be BJ Lackland. “I remain passionate about the Lighter Capital business and the revenue-based financing model,… Read More…

Lighter Capital ignites with three new investments

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Seattle’s Lighter Capital, which offers an alternative to venture capital and traditional bank loans, today announced three new investments in startups based in Dallas, Minneapolis and the Seattle area. It is backing Dallas’ BinaryWave, developing products and services for the support of Microsoft SharePoint; Bellevue’s HarborCloud, creating virtual desktops for QuickBooks, PeachTree and other services;… Read More…

Lighter Capital finds its flame, awards cash to HireAHelper

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Back in August, we told you about an unusual investment competition created by Andy Sack and the crew at Lighter Capital. In essence, the Seattle firm promised to bankroll one company with a loan of up to $500,000. Well, after more than 100 submissions, Lighter Capital has found the winner of its so-called “Capital Countdown”… Read More…