Neil Young's PonoPlayer

Well, that was fast. Neil Young’s Pono startup, which wants to build a high-resolution digital music player by the same name, shot past its $800,000 funding goal on day one of its Kickstarter campaign. Pono launched a Kickstarter campaign to finance the production of its player Tuesday morning, and at 10pm, it already had raised more than $925,000. This also means that the discounted $200 Pono players are all gone, but backers can still secure a player for $300, which is $100 less than what Pono wants to sell the device for this fall.

Read the full story at Giga OM.

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"Neil Young’s PonoPlayer Gets Fully Funded on Kickstarter in One Day" by @ShellyPalmer