Will Socolov, who ran Sleeping Bag Records with Arthur Russell, has turned to Kickstarter to help raise the final $100,000 needed to open Brooklyn Vinyl Works.
The Asheville, North Carolina-based synth maker's new partnership makes all but one of its full-time employees—the CEO's son is the sole exception—shareholders in the company.
TechCrunch reports that the streaming service has doubled the number of paying subscribers over last year and has payed out $3 billion to artists to date.
The LA producer has teamed up with Austin's Bleep Labs to make the sample/delay effects unit, whose controls include knobs, pads and an alligator-clip patch bay.