Nov

21

 I was looking around at crowdfunding sites. There are a bunch–there's even one focused strictly on Indian companies, another for Malaysian companies and so one. One caught my eye, though: Offbeatr. It's crowdfunding for adult entertainment activities–dollars for "rewards" (their term, not mine). Perhaps I shouldn't have been surprised that there is such a site. Maybe it was, indeed, the first crowdfunding site of any sort. (Adult entertainment frequently sets the trend in our society. For example, it largely determined the winner of the Betamax-VHS war. Betamax was a technically superior system, but Sony refused to license the technology to the adult entertainment industry–thinking the customer was the family gathered around the tv to see the latest movie offerings. Panasonic had no such qualms and let everyone–adult entertainment industry included–have access to the technology. VHS won–in no small part because of sales to the adult entertainment industry, which was the first major customer and remained as much for almost a decade.) There's always supposed to be a bull market lurking somewhere, and I'd guess one such place is in the adult entertainment industry. Has there ever been a bear market in adult entertainment?


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