OnlyFans is reportedly looking to raise new funding in a deal that values the company at more than $1 billion — and says it wants to shed its reputation as a platform for porn.
Despite the company’s impressive [financial and user] numbers, OnlyFans may have trouble attracting investment from traditional venture capital investors. Venture capital firms often have agreements with investors that prevent them from investing in “vice” industries including porn, alcohol, firearms that they worry can harm their reputation.
New York Post. June 17, 2021. Read more.
Is this a sign that companies are starting to see porn as a liability?
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