An insightful radio interview:
http://higherintelligencebook.com/higher-intelligence-on-suncoast-fm-ireland/
Interesting turn of events. Sounds like Venture Capital was first sought in the US to fund the development of Brainchip. The path seems to have taken Peter to Robert Mitro, a private investor, and Brainchip Inc was formed in Januaty 2014. Would love an answer from Peter as to why the ASX back door was chosen. I know 1PG, a Silicon Valley start up, chose the ASX to avoid the dilutive effect of Venture Capitals, plus listing on the ASX has an added advantage of generous R&D incentives and lower requirements to entry. 1PG has seen enormous success here in a short period of time. Listing in the US would require much higher barriers to entry so that is out of the question.
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