Neil Young says that Pono, his hi-res digital music player, is looking to expand once it finds more capital and a CEO.

On Facebook, Young says his small team has laid the ground work for future success.

"We are a little company doing what only one giant corporation has been able to do before," he began.

"And we are doing some things they have not done. We are serving Hi Res master files of your favorite music.

We have an engaged and thriving online community.

With no advertising we have put tens of thousands of players and hundreds of thousands of tracks in the ears of music lovers."

In 2014, Pono got started with the help of a Kickstarter campaign that raised $6.2 million.