https://forensicnews.net/2020/08/13/onlyfans-faces-allegations-of-fraud-theft/ On the Dude who bought OnlyFans and made it grow, plus drug and theft stories
eg:
Radvinsky currently claims to operate a Chicago-based venture capital fund. “We provide funding in all stages and we will consider investments up to $1 million per company,” the website reads, while citing expertise in “web development, data managment [sic], payment services, and online advertising.”
Weeks before Radvinsky purchased the OnlyFans holding company in the United Kingdom, he received a $250,000 tax credit from the state of Illinois. “The purpose of the Angel Investment Tax Credit Program is to attract and encourage the placement of investment dollars into early-stage, innovative companies throughout Illinois.”
https://www.xsrus.com/writing/explain/onlyfans/
eg:
OnlyFans is actually an even better business model than Airbnb or Uber. As the owner of a rental property, or a gig taxi driver, I can only cater to one group of people at any one time. But as an OnlyFans creator, I can broadcast content to the multitude all at once. Making money on Airbnb or Uber is linear — I always have to do one more ride, or host one more visit. On OnlyFans it’s multiplicative — the same selfie can serve 10 adoring fans or 1000.
In 2019, they had over 60,000 content creators and 7m registered users
Extrapolating from the Google growth trends, it’s safe to say they have at least 10m users today. I calculated the average revenue per creator per month (about $250) and the average subscription fee (about $8.7) from my scraped data. Applying the 20% commission and assuming only half the users and creators are active, we end up with a lower bound of $90m, and an upper bound of $104m.
That’s an annual growth rate of between 304% and 334%. Absolute nuts.
Third Point Letter to Investor: https://thirdpointlimited.com/wp-content/uploads/2020/10/Third-Point-Q3-2020-Investor-Letter-TPOI.pdf
Unlike equities, the best opportunities in credit are in “lower quality” capital-intensive or cyclical businesses. Since we are not relying on the business value compounding but the ability of the issuer to pay interest on time and principal in full at maturity, we can focus on areas that offer the highest rates of return, even in industries that are out of favor in the equity market. We own securities in airlines which are either well capitalized or covered by collateral. We are also invested in the aerospace industry, which will be the second derivative of this recovery. The energy complex has been a strong contributor this year, despite some weakness in September. We are particularly excited about natural gas. Natural gas had been suffering in part due to associated or “free” gas produced from oil drilling; however, lower oil prices have dramatically reduced drilling activity, which has led to a much more favorable outlook.
Credit Suisse about Payments, Processors, & FinTech :
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwjbjb3As_PsAhWREBQKHe_sD34QFjAAegQIBxAC&url=https%3A%2F%2Fresearch-doc.credit-suisse.com%2FdocView%3Flanguage%3DENG%26format%3DPDF%26sourceid%3Dcsplusresearchcp%26document_id%3D1082106811%26serialid%3D9ItaQaLeKMYkTfzB0rHonfefWNL6W5uABHoXHk5EVRA%253D&usg=AOvVaw3WYOGoor2IlUyVM8TRmD88
eg:
You can check on my Twitter I posted several graphs from there. Very insightful.
https://www.bloomberg.com/news/features/2020-10-29/lil-miquela-lol-s-seraphine-virtual-influencers-make-more-real-money-than-ever
With 2.8 million Instagram followers and a fee of about $8,500 per sponsored post, Lil Miquela—a Brazilian “model” who’s done promotions for Calvin Klein, Prada, and other brands—is the industry’s highest earner, according to OnBuy, a U.K.-based online market-place. OnBuy estimates Lil Miquela could make up to $11.7 million this year.
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And I think that’s it for the week. I’ve read a lot of stuff, mostly disappointing.
I’m currently reading “The Outsiders”, but there’s nothing particularly good, I’m listening to the audiobook version of “Quiet” and it’s really disappointing (7hrs left, I’ll get to the end). Lately I’ve watched some John Ford’s movies (“Stagecoach” and “The Searchers”), and I would not recommend them, while Tom Ford’s movies are good, “Nocturnal Animals” in particular. Currently watching the last season of “Fargo”, when I’ll have time I’m going to watch “The Queen’s Gambit”.
If you have reccomendations, feel free to comment down here!
Cheers
Dictatorland was quite a good book