business spotlight 10 spie s oemagazine october 2003 money for something g ot a technology that you think would be great basis new company the good news is there are venture capital ists vcs ready to invest times have changed since boom years though if want grab vc interest and ll show real product customer base ability get your idea all way market i people looking at things very pragmatically says emmett eldred former ceo current advisor beacon photonics group founded by boston university center ma provide seed optoelectronics companies but they re being picky in second quarter of capitalists invested more than 4 2 billion 469 private us fields according growthink research venice ca com pany tracks such spending 1 decline from first year which president corey lavinsky characterizes as slight identifies sign precipitous drop last