Insights | February 27, 2020
Private Equity Sees the Light
When was the last time you worried about not having enough light? We’d wager it’s been a while; every day, you flip a switch and on comes a bulb, giving you light that costs you a fraction of a penny per hour.
This wasn’t the case two hundred years ago, when candlefueled light cost over 325 times more than today’s light does. Light is so essential to our lives that its source has undergone radical innovations – and reinventions – that have improved it radically over the last century and a half.
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