Finance is changing … with the help of the porn biz
Posted by migrantblogger on June 28, 2008
If you’re offended by adult content, get over it. The business may be in decline (revenue is in a cliff-dive), but it is pervasive. What’s really interesting, these days, is how porn is changing finance. I wrote a piece for AVN Online in December 2007 (NSFW) about how porn could offer a viable alternative to mainstream investing during the market woes induced by the subprime mortgage crisis. Also, I’ve been dogging the AdultVest story for over a year, following the developments of the adult entertainment industry’s first investment bank. Well, the two have converged, and big things are happening.
Earlier this week, AdultVest was nominated for the “Hedge Fund of the Year” award (NSFW). On Friday, the alternative investment vehicle won for its category (NSFW). I, for one, am excited with the news from the Alternative Investment News’ 6th Annual Hedge Fund Industry Awards, though I’m not crazy about the whole “awards” concept (the best award is more money to the shareholders!). I applaud the alternative investment community for having the balls to make a difficult choice.
Often, porn is considered taboo, even if the discussion is around the underlying financial issues. When I wrote a major feature for AVN Online about venture capital and porn, none of my sources would go on the record. Nobody wanted to touch porn. Well, it looks like the situation is turning around. AdultVest seems to have found a way to channel investment funds into the adult entertainment industry. Bravo. I think its time that the world becomes comfortable with this market. Maybe an influx of capital will take the business of porn out of its tailspin.
Related Coverage (by me)
Buy, Buy for Now, AVN Online, April 2008
Venture Fund Makes $7 Million Bet on Paid Web, AVN Online, March 2008
Tons of Fund, AVN Online, February 2008
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Susan Kishner said
Well said… Great information, keep up the great work!
Tim Ramsey said
I recently came accross your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog.
Tim Ramsey
» Finance is changing … with the help of the porn biz said
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» Finance is changing … with the help of the porn biz said
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Allen Taylor said
Nice writing. You are on my RSS reader now so I can read more from you down the road.
Allen Taylor