VC in 2016 was hard to find for founders and nerve-wracking for LPs

With the exception of Jet and Dollar Shave Club's mega-exits, 2016 was a disappointing year for VCs hoping to cash out, according to PitchBook. The drought comes after 2015's active year for unicorns going liquid, but it continues the downward trend of the last two years.

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Lighter Capital at Lendit USA 2017

Lighter Capital CEO BJ Lackland will be speaking on a panel at Lendit USA 2017, "Taking a Unique Approach to Expand Small Business Lending," along with William Davis of Able Lending and Mark Rockefeller of StreetShares. The panel will be moderated by Jacob Haar of Community Investment Management. Please join us on Monday, March 6th at 2:15pm at the Innovation in Lending section of the Javits Center.

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How your startup’s R&D expenses can earn you $250,000 in tax credit this year

Each year the US government provides billions of dollars to innovative businesses for developing new or improving existing technologies, products, materials, and processes, under the US Research & Experimentation Tax Credit (R&D Tax Credit) program.

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CivicConnect's Boston IoT pitch singled out

Lighter Capital client CivicConnect (formerly Civic Resource Group) was singled out by StateScoop, a site that features innovators in state and local government technology, for an innovative proposal they gave to the city of Boston for an augmented reality app.

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The problem with deferred compensation

Many times I have seen the following happen: a company is running out of money. In order to keep going, the team is going to have to take pay cuts. The Founder & CEO tells the team, ”We’ll have to 'defer' your salary. As soon as we raise our next round (or as soon as we sell), we’ll pay you what you have deferred.”

This is a mistake, and sometimes a costly one. The word “defer” is a dirty word in the law. Sort of like the word “backdating” (ok, maybe not that bad, but it is still not a good word). Why is “defer” a dirty word? Because when you “defer” you give rise to a number of potential adverse legal complications that you should, and can, avoid.

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MapAnything raises $33.1M Series B

MapAnything, a five-time recipient of Lighter Capital funding, announced a $33.1M Series B funding round today. Columbus Nova led the round. Also participating: ServiceNow Ventures and previous investors Greycroft Partners, Harbert Venture Partners, Salesforce Ventures, along with individual investors Michael Lazerow and David Stern.

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Recent Deal Roundup: December 2016

Wow—December was an INCREDIBLE month for us at Lighter Capital! We set out the steep goal of doubling year-over-year for 2016. At times it felt impossible, but we did it! Not only is this a groundbreaking company record, we broke our monthly record of funding 13 companies by closing 24 deals. We’re beyond grateful for our awesome clients and stellar team who keep us motivated and passionate about funding startups. High-fives all around!

Here’s a snapshot of the companies we funded in December.

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Recent Deal Roundup: November 2016

Happy Holidays! Q4 is well under way and we’re so excited to welcome five new companies to our Lighter Capital community. We provided over $1.4M to five new customers and two returning customers. As we continue to push through the rest of the year, we’re getting closer and closer to our goal of funding 500 startups—all thanks to our amazing employees and customers!

Here’s a snapshot of the companies we funded in November.

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Lighter Capital named the fastest growing private tech company in Washington

We’re thrilled to announce Puget Sound Business Journal has ranked Lighter Capital #4 on its annual list of the fastest-growing private companies in Washington, in commemoration of our 457% revenue growth since 2013. Even more impressive, Lighter Capital is the only tech company ranked in the top 5, making it the fastest growing private tech company in the state.

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Recent Deal Roundup: October 2016

Happy belated Halloween!

We started the fourth quarter with a strong October, closing seven deals and deploying just shy of $2M. Out of the seven deals, three are existing clients receiving additional funding and four are new clients. Interestingly, all the additional follow-on financing went to local entrepreneurs here in Seattle. As we grow our portfolio, it's great to be a resource to entrepreneurs in the Pacific Northwest. It's a vibrant community that we're happy to be a part of.

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