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

Andy Sack is stepping apart as CEO of Lighter Capital, the Seattle funding agency that gives revenue-based loans to firms that angel or enterprise capitalist gained’t contact. Sack will stay government chairman, and in his place as CEO might be BJ Lackland.

“I stay passionate concerning the Lighter Capital enterprise and the revenue-based financing mannequin, so I’m very a lot wanting ahead to working with BJ,” stated Sack, who plans to spend extra time working with the TechStars Seattle incubation packages.

Lackland is the previous CFO of Energy Effectivity Company, a publicly traded producer of superior digital management units.  Earlier than that, he labored with enterprise capital agency Summit Vitality Ventures and software program localization firm EnCompass.

“I’m excited to be working with Andy and the Lighter Capital crew to usher in what is actually an revolutionary funding construction and funding course of,” stated Lackland, a Seattle native who holds a MBA diploma from the College of Washington.

OUYA, which has already raised greater than $5 million on Kickstarter for its Android-based gaming console, has named former engineer Muffi Ghadiali (greatest recognized for his work on the Kindle) to the crew, according to SlashGear.

Matt Graves has stepped down as director of communications at Twitter. Appropriately, Graves, who beforehand led PR efforts at RealNetworks and Imeem, introduced the information in a Tweet. “And thanks to everybody @Twitter. I’m honored to have had the possibility to work alongside such curious, sensible & merely wonderful folks,” Graves wrote. The Information was first reported by The Next Web.

NanoString Applied sciences, a Seattle maker of genomics evaluation instruments, continues so as to add to its bench. The corporate announced this week that it has added former Wyeth Chief Monetary Officer Greg Norden to its board. (Wyeth was acquired for $68 billion in 2009 by Pfizer). The appointment follows the addition of Bruce J. Seeley who was just lately tapped as senior vice chairman & normal supervisor of diagnostics.  “With a quickly rising life sciences enterprise and a functionality for growing high-value molecular diagnostics, NanoString Applied sciences is poised to rework each the research and remedy of illness,” stated Norden, who hols a B.S. from the State College of New York – Plattsburgh and acquired a M.S. from Lengthy Island College.

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