What Lies Ahead

The New York Times had an article today with the title "A Thaw in Investment Prospects for Sex-Related Businesses? Maybe." Apparently some business people are hopeful that there is a lot more money to be made through pornography and sex-related business.

The author of the article, Matt Richtel, informs us that whereas over the past ten years sex-related businesses have not had the ear of venture capitalists, a possible change is in the air. He writes, P. Holt Gardiner, a partner of Ackrell Capital, an investment bank, "that investors were intrigued that the digital era is permitting a range of new distribution models--from the Internet to digital television--that are creating many opportunities to profit from making and delivering pornographic content...Investor reticence about the sex industry is changing notably..."

According to a former hedge fund manager, Francis Koenig, and now the CEO of AdultVest, an investment banking company that focuses on pornography, "Accessibility breeds acceptance." Remember that pithy phrase. I think he is correct and that is not good news for what lies ahead...