Jim will be the CEO on 1st march for 2 years. At the company a total of 3.5 years. Prior to that it was trying to be in the LED space for lighting and such. That business failed. The management was changed and pivoted in this new direction with focus on Quantum, defense communications and biochemistry. It shouldn't be a start up the new chapter is. Like it or not. Focus has been on projects and undiluted funding for development, not individual laser sales. That part will come in time.
By the way, lots of startups take 20 years. Take a look at Safety culture. Started in 2004. Took 15 years to get to 1m users, then 1 more to double to 2m and expecting 10m in 2028 and 100m in 2032. Thats how the hockey stick works.
I guess I am fortunate enough to only invest 3 years, However, feel free to continue to be glass half empty, I see it very different and at an inflexion point to great success in the next 12-18 months and onwards.
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