We brainstormed with the company for six months, making a number of introductions to customers for potential feedback. As LightSail iterated, we guided the company through both its technical and business development. We also changed the terms of our tranche financing to allow LightSail still more room for iteration. Eventually, the founders were able to identify an exciting opportunity: to apply their compressed-air technology for grid-scale energy storage. The company is now executing on its new business plan full throttle.