Investment conferences are usually pretty dull stuff. A dozen or so execs from small firms get 20 minutes each to stand up at the podium, run through a PowerPoint presentation and try to convince investors to throw some cash their way. Many investment banks hold them, often specializing in a particular sector.
Now the porn industry is getting what may be its first investment conference. Investment firm AdultVest has announced that it will schedule a series of ongoing meetings to bring potential investors together with business opportunities in the adult entertainment sector. This represents what may be the first go-to gathering for investors interested in adult-oriented businesses. If you're interested, here's your opportunity to be a porn mogul.
These two-day events will no doubt be a little spicier than the usual investment conference fare -- and in a sign of how popular AdultVest expects them to be, the firm will hold them every month. The press release also promises that, as the popularity of these meetings grows, they will be held in new venues like, "hotel meeting rooms, private estates, and private members clubs."
For the first meeting this week, however, AdultVest execs will present the 'business opportunities' themselves to 10-15 invited investors. CEOs from the porn businesses will be invited to later meetings -- presumably when they have been properly taught how to present to a Wall Street audience. Meetings will occur on the last Wednesday of each month.
According to the company, attendees will include private equity managers, hedge fund managers, venture capitalists, and angel investors. Also invited are individual investors, investment bankers, financial advisors, and the AdultVest committee that is in charge of managing the AdultVest Bacchus Investment Fund and the Priapus Investment Fund.
The company also noted that some 647 adult companies have submitted investment proposals, with some 3,380 investors in the pool of "interested parties." There have been 1,833 due diligence requests made by potential investors. While it is reviewing all opportunities, it appears that the company is looking for internet opportunities and gentlemen's clubs with annual revenues exceeding $1 million. AdultVest is meeting with roughly 20 porn businesses today to assess the viability of each.
There has always been a seedy side to Wall Street, but this seems to be taking it to a new level. This just goes to prove that investment banking can be a lot like dating. There really is someone out there for everyone. Who knows, maybe now Paris Hilton can legitimately become the star everyone already seems to think she is.
Reader Comments (Page 1 of 1)
3-01-2008 @ 8:37PM
Alex said...
Celebrities nude scandal: http://www.celebritieshotvideos.com/videos.php
3-01-2008 @ 8:56PM
S. said...
Why don't you all go s c r e w yourselves?. I wouldn't give you a dime, if I won the lottery tomorrow.
3-01-2008 @ 10:06PM
Joe said...
Well that's just great. Corporate America has taken over the porn industry. Gonna standardize that like that did education?
3-01-2008 @ 10:51PM
sandra ramos said...
I'm shocked that so many of you are actually SURPRISED by this! Corporate America is very sleazy, always has made a profit from other peoples sweat, literally! This is not anything "new", most ceo's are involved in shady business's, that's what really funds those big business's and companys. Drugs, sex, and rock n roll, THAT'S what brings in the bucks!
3-01-2008 @ 11:42PM
Sally in Southern Arizona said...
To all of the angry people out there who can't seem to comment on a blog without cursing regardless of the subject: Please get some help. You obviously have some issues....
On the above subject: OK.... I can't say I ever thought of purchasing stock based on sex films but if the diviadends are steady and reasonable, why not?
I would look into the company's/owner of the company's history: Have they ever been convicted of sex films staring a minior or an animal? (Beleive it or not, such things do exsist, though they're not my cup of tea) How long has the company been around? What kind of profits do they make? How well do they pay their employees? All these questions and more would have to be answered before I would invest in such a thing.
3-02-2008 @ 12:41AM
jamie p. said...
to Sally in southern Arizona: Do they teach you all to spell in the school system in Arizona? I have reached the conclusion that the whole damned country is illiterate.
3-02-2008 @ 1:11AM
Ashley Lee said...
Umm It's totally hot!! I wanna attend just to see what they say :)
Muahs Ashley Lee
Some of you's rant and rave about this shit just like when a strip joint goes up some where. Get over your selves. You act like you don't get down and dirty or like your husband don't watch a porn or sneak off to a strip joint. The people with the problems are to self conscious about their selves. Hey if it's pissing you off because it's thing;s that your husband goes off and enjoys well then get your lazy ass up and give him the entertainment that he want's then you don't have to worry do ya??
Ashley Lee
3-02-2008 @ 1:14AM
Linda said...
When will people understand that God hates porn and that it is leading us into terrible, horrible addictions and tearing up many families? It is hard for me to fathom that human beings can involve themselves in such dirty deeds either as a presenter or watcher, it is absolutetly the nastiest most immoral activity of all. When people see what it really does to a persons' self respect over time as addiction takes over? The life it takes from you, all for money or thrill can't possibly be worth the ultimate price....HELL. Even on earth, as it will catch up to you and destroy you right where you stand, your family and your childen will suffer the consequences, you will see.
3-02-2008 @ 1:56AM
S.C. said...
"When will people understand that God hates porn and that it is leading us into terrible, horrible addictions and tearing up many families?"
Hmmm when can someone understand that we live in a free country. This is your view on religion. It may not be the same for others. I prefer to have this freedom over say.. Iran. Where if you are not a Muslim you are murdered or simply vanish. When will people learn you can not legislate morality.
And for all the spell check people... yeah I might have misspelled a word or two... but you know what. That is why I hire a liberal arts graduate in English that makes 24K a year. If you judge people on how they spell as to there intelligence, wow you are really missing the boat.
3-02-2008 @ 5:53AM
Edna said...
If I could invest in something porn would so be it think of the profit a person could make? Because almost every 1 N the world owns atleast 1 porno if not more.
3-02-2008 @ 5:58AM
Edna said...
OMG some 1 just said God hates porn? I am about 2 split my sides laughfing. God was more of a voyer than a porn man he watched adam and eve enough I guess. Oh yea and no I am not worried about hell I am an athiest.
3-02-2008 @ 6:03AM
Edna said...
does every incester get a piece?....... Of the profits I mean.
3-02-2008 @ 6:11AM
Edna said...
aww man that was suposed to say investedr the whole joke was ruiend.
3-09-2008 @ 8:35PM
Andrea said...
I hope they don't find any!!!!
3-23-2008 @ 9:10AM
Steve Payne said...
"it is absolutetly the nastiest most immoral activity of all."
Indeed. I mean, the torture and rape of children, the industrial abuse of animals, the arms trade and so on are way down the list, aren't they?
4-17-2008 @ 9:14PM
freshly said...
Edna,
Was that a Freudian slip? Possibly pointing to the type of PrOn one would invest in? *Rubbing Index Finger* Shame, Shame, Shame.