>It would be interesting to know how much biology this dude truly explored before plunking down his $100M ...
Not enough.
In practice, collaborations are hard and setting up new ones is even harder, so striking out into the wild and being able to do cool stuff fast generally costs more than 100M.
Estimated timescale: centuries. Not for want of trying, but we have no credible idea what "the" neural code is, even in subcortical areas that are relatively simple to study like the optic and auditory nerves. Once you're anywhere beyond the inferior colliculus, all bets are officially off. (and if you have any good ideas, drop me a line!)
Our best tools fail to explain anything particularly interesting about much, much simpler analogous systems: http://biorxiv.org/content/early/2016/05/26/055624.
https://www.scientificamerican.com/article/why-the-human-bra...
It would be interesting to know how much biology this dude truly explored before plunking down his $100M on some other dude promising him to revolutionize the brain.