Lightwave_Technology_-_case_(5).

Lightwave Thechnology , Inc . was founded by George Kinson and Dr . Schyler Weiss in the summer of 1997 . The two had always felt that Light Emitting Diodes (LED ) was the technology that was the future of illumination and so when , in 1996 , a Japanese group came up with a blue LED , they used the three primary colors of the LED to develop a digital palette pioneering the new industry of intelligent semiconductor illumination technologies . In 1997 , they also d for patent protection on their color mixer . They debuted their product at The International Lighting

br Exposition in Las Vegas and , after its success , raised 842 ,347 in financing from angel investors . As the company grew , it opened a European sales office in London in 2000 and outsourced manufacturing to companies in the United States and China . By 2001 they had secured over 31 million in four rounds of investment funding and were planning to go public . However , the dotcom bubble burst and the 9 /11 attacks forced them put their plan on hold as there was a sudden drop in s However , they were able to put behind this setback and by 2003 , the company had stabilized and hoping to breakeven within a year . In light of the recent successes , Kinson and Weiss once again started evaluating whether or not to pursue an initial public offering (IPO

As the company is planning an IPO , it would be a good idea to raise more capital because an IPO will be more successful if...