Perpetual Innovation

Category: crowdfunding

  • Pono – HiRes Music – Kickstarter 250% funded – Muzak will never be the same!

    Pono Music – Where Your Soul Rediscovers Music by the PonoMusic Team — Kickstarter:

    Pono Music… a project funded at Kickstarter. http://kck.st/1g5xVf3

    High resolution music in a world that has gone Digital!

    Finally, I can put those olde (analog) records back on the shelf!

    This Kickstarter.com campaign is set to roll over $2M in fund raising today. !Oops, took too long to blog! It is already over $2M! Original goal was only $800k. It is headed by Neil Young but has lots and lots of celec muzak backers. Two more added since I took too long to write this (James Taylor autographed player).

    If you like this idea, jump on board. You can get a Pono muzak player for $300 this way with 128GB of storage. That actually is less than 1,000 tracks if you store them at the highest resolution. Of course, nobody has music at that high resolution… 

    Pono will work with any artist or music company to get the highest resolution available (from masters) for the site. They won’t stream initially in part because the size of the stream. Compression gets us the muZak we have today for our MP3 players — maybe good, but definitely not great.

    So, for 300 bucks or so, you to can sponsor this event, and the music site and the player devise. You will get a Pono player free for your sponsorship… well, $99 off of a $399 player. It should play any music, and the high resolution music you can put on it (now, really from PonoMusic.com, once the project is launched). Since the project is 200% funded, one can assume that it will launch. The plan is to build by this summer everything if the money came through from pre-sales and such on Kickstarter. Then all of the sponsors could expect their memorabilia and Pono players soon thereafter, say August.

    The IP behind the player.I’m asking the question at Kickstarter about the IP behind the player. But, one of the key components of their IP is a patent by none other than Neil Young, himself. 

    Patent Application: PCT/US2012/038099
    Title: Multiple-resolution audio and video systems, methods of production, delivery and uses thereof
    Priority date: Jan 20, 2009.

    It will be interesting to see if it issues?

    It will also be interesting to see if they go for a more open architecture like MP3 or proprietary approach.?

    Kids, who have been listening to bad (quality) muzak all their lives, will never be the same.:-)

    ‘via Blog this’

  • Top 10 Crowdfunding Sites For Fundraising – Forbes

    Top 10 Crowdfunding Sites For Fundraising – Forbes:

    So you wanna get funding?

    The first and fastest way, always, is to go to friends and family. They know you after all, and in spite of that, they may — just may — be willing and able to invest.

    The next best way is to look around the channels of distribution for your product. They are the companies that will understand and appreciate your product/service fastest. Plus they might be able to profit from your addition/expansion in the market. Of course, they may also be in a position to cut you out of the idea entirely… This one of the many reasons for having strong IP (patent) protection.

    Loans from your friendly neighborhood bank might be possible, but usually they require a personal guarantee (of the house and kids), sooooo if you could get a second loan (HLOC) on the house, that would typically be the direct way to fund.

    Credit cards! Not so good an idea, maybe for some working capital.

    If all these fail, you might move on to crowd funding… Or even is some of the other funding approaches works… Crowd funding usually brings with it a degree of advertising and promotion of your concept. That’s good and bad. Now people know about your idea so they can consider investing. But now people know about your idea, so they can steal your idea, maybe. This one of the many reasons for having strong IP (patent) protection. But, I repeat myself, repeatedly.

    Either way, when you go to the crowds, you will definitely get feedback on your idea and how investable it may be.

    So, check out this cool article from Forbes and see what you think about going to the crowds (in the clouds) for (some) funding!?

    Here is a quick summary of the various ways to fund a business and funding methods/types.

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  • JOBS Act Makes Crowdfunding Accessible for Millennials

    JOBS Act Makes Crowdfunding Accessible for Millennials:

    Ways to fund have suddenly gotten a whole lot easier.

    This way ideas and inventions have many more options available to them for fund raising (and partner development).

    Cool.

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