https://www.linkedin.com/in/ksimpsonDirector
Untitled Bitcoin Company
2011 December 2012 (1 year)
Explored the concept of creating a Bitcoin mining ASIC. We incorporated, lined up investment, but canceled the project because we just couldn't quite get enough funds across the line to make the chip. Too bad we missed out on a $1B opportunity, but it was too early in the Bitcoin cycle to make this idea happen.
Ouch. Well I guess that explains it then. Seems to be a common theme for many of the early ASIC companies which folded because they couldn't get the necessary funds/deals/infrastructure.
Strangely though, I don't see that text anywhere on that page. Is it only visible if you have a LinkedIn account?