Understanding Venture Capital’s Role in Lighting

Lighting manufacturer Soraa is on the verge of shipping the first of its potentially revolutionary line of LED MR16 lamps. Based on a technology that grows an LED’s photon-producing gallium nitride crystal on gallium nitride itself, allowing the LED to run on more current and generate 10 times more light, the lamps will be the first to offer quality performance equivalent to that of a 50W halogen MR16, according to the company. And without $100 million in venture capital funding, it’s unlikely that the company, or its ability to pursue this line of research, ever would have existed.

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