Meet the AI OnlyFans: How one startup raised millions to build an ‘erotic companions’ platform | Kai Nicol-Schwarz
Meet the AI OnlyFans: How one startup raised millions to build an ‘erotic companions’ platform --- When AI erotic companion startup Oh raised a $4.5m funding round in January, it had something few in the shadowy new sector could boast. A roster of named investors, publicly backing the company. VCs are often bound by “vice clauses”, which prohibit firms from investing in controversial products like pornography or weapons. As a result, startups working on ethically contentious products often rely on angel investors and family offices to stay afloat. But Oh, which generates NSFW adult content and conversations with both fictional characters as well as bots based on real people, has tapped into a group of seemingly less squeamish investors: crypto VCs. It’s drawn backing from the likes of Tangent, Kosmos Ventures, Big Brain Holdings, Bodhi Ventures and Tagus Capital. “Raising money for a business like this from non-crypto VCs is very difficult,” says Oh founder and CEO Nic Young, who positions the startup as a “decentralised platform” and offers payments via crypto. “A lot of crypto VCs don’t have vice clauses — it’s more liberal and free.” Oh wants to use those fresh funds to build the “AI OnlyFans”, with plans to roll out autonomous scantily clad bots that can market themselves on social media and direct message users with spicy conversation starters. The biggest challenge? Convincing enough users it’s not that weird turning to AI when you’re looking for romance. https://lnkd.in/eRF7a5Dn
