Business did investing in adult-tech projects work out for you? (not for me)

[whitet]

hi everyone.
I know that this is a forum for and about webmasters, but maybe some of you are also investors?

so,

you may know or not, but I am the co-founder of SkyPrivate (premium cams site based on Teams/Discord apps).

Like many veterans (or maybe OG sounds better?) in the adult industry I also invested along the years in in-house projects and also in external projects as an angel investor.
Most of them, or better said, all of them did not work out. so statistically i am doing good and the next one(s) have better chances of succeeding.


But i learned that the mistakes i did were:

• - for the in-house projects: i did not have a new co-founder that would have skin in the game and co-invest too. I just put some project managers to lead them but an employee is not a leader and does not have the same persistency in pushing the project till the tipping point.

• - for the external projects: i did the right thing to be the passive angel investor but available to the founders of the projects. my mistake was to not see that those founders did not have enough experience of the adult industry nor were they super passionate about our industry. So, I am opening this topic because I am very curious about your experience.
  

Did you invest in early stage adult-tech projects?

Are you still actively looking around for adult-tech projects to invest into? In what sub-categories? Fans, cams, AI chat, or what?

Do you feel like early stage investing can work for adult industry the same way as it works for mainstream tech industry? Or maybe most of you that did good investment were later stage investments or buyouts?