Neil Young offers shares in PonoMusic

Neil Young is hoping to raise at least $2.5m on the Crowdfunder site for his PonoMusic venture by offering shares in the company. In March 2014, Young raised $6.2m on crowdfunding website Kickstarter for PonoMusic. Young's new campaign will allow public to invest in the high-end music player for as little as $5,000.

Trending Now

Ways to keep reading Uncut during lockdown

Even if you can't leave the house, there's no need to miss an issue

Watch Jake Xerxes Fussell play an exclusive Uncut session

Recorded live at his home in Durham, North Carolina

Bob Marley: “He sent messages to the world”

A legend in exile: Uncut explores Marley's momentous year in London

Kraftwerk – The Ultimate Music Guide

Celebrating 50 years of Kraftwerk and the life of their late co-founder Florian Schneider, this 124 page premium publication...

Neil Young is hoping to raise at least $2.5m on the Crowdfunder site for his PonoMusic venture by offering shares in the company.

In March 2014, Young raised $6.2m on crowdfunding website Kickstarter for PonoMusic.

Young’s new campaign will allow public to invest in the high-end music player for as little as $5,000.

According to a statement quoted by Rolling Stone, Crowdfunder will use a “Special Purpose Fund” to “house all these smaller investors into a single entity which invests as one investor in Pono.”

“Neil and the team at PonoMusic are excited about democratizing the financing process by giving their Kickstarter backers, and anyone who loves music, the opportunity to now invest and become an owner in PonoMusic,” reads the statement.

This latest campaign is due to end on September 1.

Pono is expected to expected to launch in October.




Advertisement
Advertisement

Latest Issue

Bob Marley, Marc Bolan, John Prine, Courtney Marie Andrews, Joy Division, Joan As Police Woman, Irmin Schmidt, Paul Weller and Captain Beefheart
Advertisement

Features

Advertisement