Which leads us back to round to why would Pourkeramati have declined or deferred some investment. There is a well-known aphorism in startup circles that it is best to take venture capital when you don't need it. Because when you do need it, it won't be available.
Pourkeramati has worked in venture capital having previously been a managing partner at Influence Capital Partners Inc. immediately prior to joining FMC in 2019 and puts the counter argument. He argues that FMC will be able to raise more money at a much higher valuation in times to come.
There were additional companies that wanted to invest in FMC. Similarly, there were foundries that wanted to invest in FMC but Pourkeramati said he was concerned that being closely aligned to any one foundry might inhibit others from embracing the technology, and so the company declined.
With FMC eager to attack multiple sectors simultaneously and in the game for the long-haul, those investors and others will no doubt have further opportunities to invest, but FMC needs to continue to make progress as an alternative to the already deployed MRAM.
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