|[February 26, 2013]
Molly Gregg Otter Named Vice President of Lighter Capital
SEATTLE --(Business Wire)--
Lighter Capital, a pioneer of the revenue-based
financing model, today announced the appointment of Molly Gregg
Otter as Vice President.
Prior to joining Lighter Capital, Otter was a Vice President at AEA
Investors LP, one of the oldest private equity investment firms in the
United States with more than $5 billion in assets under management,
where she played a key role in closing the first mezzanine fund and
worked to establish the organization's four mezzanine and senior debt
funds investing directly in middle market companies. She evaluated
lending to hundreds of companies and was directly involved in over 25
portfolio investments while serving as a member of the team.
Earlier in her career, Otter worked as an Associate at American Capital
Strategies, a business development corporation. Prior to American
Capital Strategies, she was at GSC Partners where she worked as a
generalist, evaluating and making investments in their private equity,
collateralized debt obligations, an distress debt funds.
"Molly is a rare financial talent who will play a pivotal role in
shaping the future of our lending practices," said BJ Lackland, CEO of
Lighter Capital. "She will have a strong influence on how we manage and
scale our high volume, next-generation credit evaluation systems and
processes. I'm looking forward to working closely with Molly to build
upon our early success and to provide small businesses rapid access to
the capital they need."
Lighter Capital and Revenue-Based Financing is intended for early-stage
businesses that have established success and are primed for growth, but
are cash-constrained and need access to capital with no loss of control
and no fixed repayment schedule. Lighter Capital has developed a
software platform to automate the investment application and evaluation
process, accelerating the loan process for entrepreneurs, while also
improving Lighter Capital's scale and investment returns.
"Lighter Capital is not only forging an alternative funding option for
small businesses, but it's also disrupting the traditional investment
methodology by ushering in the Capital-as-a-Service approach," Otter
said. "I'm excited to be part of the Lighter Capital team and for the
opportunity to introduce new technologies and much needed change to the
small business financing industry."
About Lighter Capital
At Lighter Capital, we're breaking down the barriers to small business
growth funding. Our revenue-based finance model exchanges growth capital
for a fixed percentage of the company's revenues. This structure is more
flexible, easier, and faster than traditional lenders, making us
"lighter" than the marble and mahogany of the antiquated banks. Since
late 2010, Lighter Capital has funded a range of businesses - from
goat-milk ice cream to Software-as-a-Service - all excellent businesses
that have been overlooked by traditional banks and venture capitalists.
Lighter Capital is a venture-backed, non-bank investor of its own funds,
not a broker or intermediary. For more information, or to apply, visit: http://www.lightercapital.com/
[ Back To TMCnet.com's Homepage ]