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

Fugazi’s Ian MacKaye: “We decided we were going to start a new scene”

The new issue of Uncut revisits the birth of post-hardcore in Washington DC

Mogwai: Album By Album

Founded in 1995 and initially a trio, Glasgow’s Mogwai made their debut with “Tuner/Lower”, a self-pressed seven-inch in thrall...

Pete Townshend looks back at The Who in 1967: “I don’t think I was angry”

Smashing guitars, hanging out with Small Faces and keeping Keith Moon onside

Introducing the Deluxe Ultimate Music Guide to Bob Marley

In-depths reviews and archive encounters with the reggae legend

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

Latest Issue

The Who, New York Dolls, Fugazi, Peggy Seeger, Scritti Politti, Bob Dylan, Marvin Gaye, Serge Gainsbourg, Israel Nash and Valerie June
Advertisement

Features

Advertisement