That is correct. ASICMINER went through an informal IPO, selling at the time the equivalent of $200k or so of shares. With these funds plus the project's creato

That is correct. ASICMINER went through an informal IPO, selling at the time the equivalent of $200k or so of shares. With these funds plus the project's creators own investments, they designed a custom 130nm ASIC. http://bitcoinmagazine.com/asicminer-starts-hashing/ http://bitcoinmagazine.com/asicminer-starts-hashing/