They are rich, but to get stupidly rich, they need investors.

I have written about this online p.o.r.n site in the past, and no, I am not talking about MindGeek or its companies.

This one was started by guys who made it big in child p.o.r.n. and have now gone mainstream. They are rich, but to get stupidly rich, they need investors.

Those investors don’t want any part of s.e.x.

Pictures and solo is fine.

The owners think if they accede to the demands, they will be rich.

They won’t.

Everyone will leave the site other than celebrities.

OnlyFans

OnlyFans has tons of users, but can’t find investors

OnlyFans, the online creator platform known for its adult content, is struggling to find outside investors, according to multiple sources.

Between the lines: S.e.x. sells, based on company financials leaked to Axios, but it also scares off venture capitalists.

OnlyFans remains in market, seeking what a source close to the company refers to as a “strategic partner.”

The Raine Group, a merchant bank focused on tech and telecom, this past spring began helping OnlyFans to solicit investors.
Several deep-pocketed firms quickly passed, not even engaging in serious due diligence.

The money it’s hoping to raise would partially cash out majority owner and p.o.r.n. mogul Leo Radivinsky, while providing management with what one venture capitalist calls “more legitimacy.”

OnlyFans declined to comment for this story.

Total amount paid to creators since inception: $3.2 billion

More than 300 creators earn at least $1 million annually.

Around 16,000 creators earn at least $50,000 annually.

More than seven million “fans” spend on OnlyFans each month. It has even more users who only consume free content.

In short, OnlyFans has a p.o.r.n. problem, even though it never once mentions p.o.r.n. in its pitch-deck (something that multiple investors called “disingenuous.”).

Some VC funds are prohibited from investing in adult content, per limited partnership agreements.

Several investors are concerned about minors creating subscription accounts, although the company says it has controls in place to prevent that.

Some investors say they could get past the p.o.r.n., but worry that the company’s reputation would prevent it from attracting brand partners (despite this week announcing a “safe for work” product that features its growing number of clothed creators).

A counterargument is that Snap is now plastered with advertising, and valued at $115 billion, even though it began as a way for teens to share nudes.- Source