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Originally Posted by lazycash
Its not 1999 anymore, venture capitalist aren't handing out money left and right. If you missed his speech, he was very coy about how he suddenly had 9 figures to go buy up the porn market. No, he never did explain in detail, I'm with DWB and Robbie, something just never added up with that. Oh and as Mike said, I don't see there being an IPO anytime in their near future as there's no way they're gonna wanna open up their books for all to see.
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I have no idea where the money came from but a lot of venture capital funds are handing out money left and right these days. Read TechCrunch and cross reference CrunchBase. One guy got $45 million before he even had a product in mind. It failed. You can come up with the dumbest single use .com and get three million easy these days. Imagine what you can get if you already have revenue and a proven business plan.