Co-investments and conceptual businesses.

The article presents the author's views on issues concerning co-investments and photonics businesses. He says that most of the venture funds in the U.S. would only invest locally. He notes that starting a photonics business using a prototype approach provides an opportunity for a capitalist to make a modest investment. He says that starting with a simple business allows technical founders who have no prior business experience to prove that they have the aptitude to run a full-fledged business.