VCs Hugging Porn Stars? Not Really
My friend Matt over at the NY Times has a piece about VCs getting cosy with the porn business. Appropriately enough, it's a tease right up there with the industry he's writing about.Sure, there are some large, growing, and highly profitable (sometimes technology-driven) porn companies out there. And sure, more than a few VCs have played footsie with these firms now and then. But until the venture business is funded by groups other than pension funds, trusts, and endowments (ahem), the likelihood of mainstream VCs ever getting beyond flirtations is vanishingly small.
The unspoken rule remains the same: You can fund the people that facilitate adult entertainment -- bandwidth, payment, etc. -- but that's as far as it goes.
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