1. The following sentence appears early in this chapter: “There are three reasons that most entrepreneurial ventures need to raise money during their early life: cash flow challenges, capital investments, and lengthy product development cycles.” Evaluate Revolight’s need to raise money in each of these areas.

2. In response to a request from Kent Frankovich and Adam Pettler, write a 60-second elevator pitch about Revolights’ current product.

3. Do you think Revolights will need to raise additional capital? If so, why? Using Table 10.2 in the chapter as a guide, if Revolights raises additional capital, what would be the most appropriate source of financing or funding? Explain your answer.

4. To what degree do you think Revolights will be able to reach mainstream markets and sustain its growth? How successful do you believe the firm will be? Justify your answer based on criteria introduced in earlier chapters of this book and your own intuition.