Invest In Porn – Part 2
I had an afternoon lunch meeting with an LA business owner. He was trying to raise money for his “Audio Erotica” business. He figured that audio books were growing at a ferocious pace and no one was servicing the needs of Erotica fans(over half of which are female!). So he’s tied up with several synergistic partners – well known porn stars(like Jenna Jameson), a publishing house, an audio recording company and is has already created several audio erotica short-story sets. Very interesting concept! He was meeting with me because he wanted to raise some more money. He’s issuing an 11% convertible dividend and expects to double or triple the investment in 3 years. The only issue I have is with his valuation, which at $4.2 million is a tad too high. I may not invest but I believe he’ll make money in his venture.
After that I skipped out of work and went sailing! That was fun. We docked at a harbor restaurant had a few drinks and went back! Then it was time for dinner and a real estate meeting. Quite a busy day. But it was fun!
As a follow-up to my Invest In Porn post, I actually did invest in a small start-up company that provides the technical website generation and templates to would-be porn-trepreneurs (I just made that word up!) – so basically it provides the technical framework and the ability to integrate data feeds. The deal is to get back 100% return in 18 months and still keep a small equity stake in the company. I’ll let you know how it goes. Incidentally, that post is the 2nd link on google.com for the search ‘invest in porn!’.
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March 15th, 2007 at 2:59 am
I came upon this post by trolling the Internet on the word “porn-trepreneurs” seeking folks who may have made money on porn. Yours was the only one to display.
(Just kidding. Actually, there were a bunch of hits on that word.)
March 15th, 2007 at 11:43 pm
i think you need to change it to wood-be-porn-trepeneurs and copyright it before someone else does.
March 31st, 2007 at 3:58 am
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