I just posted a link to something like that below, but I think they went under, there are some rumors of fraud.
I don't think there is really room for such a fund, simply because the competition is so fierce that you would have to do 100's or more investments to get one that gives you a good ROI. The successful ones can bootstrap, the others die and try again.
One of the more interesting observations that I read on the adult market somewhere (I can't find where, sorry) is that the adult and the gaming industry are the only two 'mature' internet industries, in the sense that the cards have been dealt and new entrants have a very hard time getting traction.
That alone would be a reason to make an investor very skittish.
Biggest problem in adult biz is exits. IPO exits are very rare--adult or not adult. But 10-100M level exits which are common for typical successful startups are almost non-existent.
You do have a TONNE of 10-100K type of exits in adult--but that's hardly attractive even for angels. It's often great money for one-two person shop though.
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Then is there is an opportunity for adult-themed angel fund? Brand damage would be a non-issue for such a niche fund.
(A fund on lines of fbFund or iPhone apps fund.)
I just posted a link to something like that below, but I think they went under, there are some rumors of fraud.
I don't think there is really room for such a fund, simply because the competition is so fierce that you would have to do 100's or more investments to get one that gives you a good ROI. The successful ones can bootstrap, the others die and try again.
One of the more interesting observations that I read on the adult market somewhere (I can't find where, sorry) is that the adult and the gaming industry are the only two 'mature' internet industries, in the sense that the cards have been dealt and new entrants have a very hard time getting traction.
That alone would be a reason to make an investor very skittish.
Agreed. Both those industries are decent ones to be in if you want to make a secure income without shooting for the stars.
Biggest problem in adult biz is exits. IPO exits are very rare--adult or not adult. But 10-100M level exits which are common for typical successful startups are almost non-existent.
You do have a TONNE of 10-100K type of exits in adult--but that's hardly attractive even for angels. It's often great money for one-two person shop though.