I know most of you are ahead of the curve when it comes to investing in the porn industry but for the few late comers in the audience-- it's not too late. Though AdultVest Inc. has closed it's Priapus Investment fund, which sticks its money in such ventures as Handjob.com, "gentlemen's clubs," etc, to new investors, a second fund is on the way. "In spite of the U.S. and global economic condition, the Priapus Investment Fund, LLC, is on track for a great year," fund manager Francis Koening told FINalternatives. Obviously this guy's all in.
Related: Let's Have A Frank Discussion About Our Bosses's Favorite Sexual Perversions
Posted by guest , Nov 12, 2008 2:04PM
Handjob.com is doing well? I guess everyone really is cutting back.
Posted by guest , Nov 12, 2008 2:05PM
late comers - get it?
Posted by guest , Nov 12, 2008 2:08PM
too long; didn't come
Posted by guest , Nov 12, 2008 2:12PM
Definition: Priapus was the son of Dionysus and Aphrodite, a fertility god. Statues of Priapus, thought to confer luck, were marked by exceptionally prominent phalluses.
Posted by guest , Nov 12, 2008 2:13PM
Bess are you long Peter North?
Posted by guest , Nov 12, 2008 2:13PM
Do you think any future employer will have a clue what "due diligence for Priapus" means on a resume?
Posted by guest , Nov 12, 2008 2:14PM
I thought it had to do w/ curved wangs, no?
Posted by guest , Nov 12, 2008 2:16PM
too girls, one cup
Posted by guest , Nov 12, 2008 2:16PM
excellent gratuitous billie piper photo tag bess
Posted by guest , Nov 12, 2008 2:23PM
Frankly, I'm shocked and disgusted that a report like this could appear on Dealbreaker.
Everybody knows that it is correctly "its Priapus Investment Fund", not "it's Priapus Investment Fund".
Educational standards these days are a scandal.
Posted by guest , Nov 12, 2008 2:26PM
Like all dudes they want to be big in straddles and spreads, maybe a little swap action, too - but go home alone and drunk at 4:30 am and settle for hammering their shorts.
Posted by guest , Nov 12, 2008 2:31PM
porn is whats for dinner!
Posted by guest , Nov 12, 2008 2:41PM
Bess's fav position = ?
Posted by guest , Nov 12, 2008 2:45PM
@8
Seriously. Disgusting.
We all have our limits.
Posted by guest , Nov 12, 2008 2:56PM
Finally a hedge fund with a "happy ending" when you "withdraw"....
Posted by guest , Nov 12, 2008 3:07PM
Apparently the online porn industry saw an anamalously huge pop in their YOY comps right after the stimulus checks went out earlier this year. No pun intended (I think) on our government's part, although I'm guessing more stimulus checks would provide more of a boon to the industry.
Posted by guest , Nov 12, 2008 3:09PM
DEALBREAKERS.COM AHAHAHAHAAAAAAA
http://www.reuters.com/article/newsOne/idUSTRE4AB7HF20081112?sp=true
NEW YORK (Reuters) - As the financial crisis bites deeper, laid off Wall Street employees used to fielding calls from head-hunters or hearing of jobs through their contacts are searching for new ways to find work.
And sometimes they get to drown their miseries at the same time.
One such opportunity was a "Pink Slip Party" at a midtown Manhattan bar on Tuesday night which drew about 500 people who enjoyed cheap drinks, networking, and a chance to find a new job with the 25 recruiting firms that attended.
The cover price at the party, sponsored by theLadders.com, an online recruiting firm, and Wall Street blog Dealbreakers.com, was $20, or roughly what a employed Wall Streeter would normally drop for a midtown Manhattan martini.
Posted by guest , Nov 12, 2008 3:09PM
@14...watch the YouTube of Kermit the Frog reaction to it - high comedy.
Posted by guest , Nov 12, 2008 3:12PM
http://www.cbsnews.com/stories/2008/11/12/earlyshow/main4595179.shtml
"CBS News correspondent Priya David spoke with several compensation consultants who said that, even in this economy, firms are worried that, if they don't pay out the bonuses, they'll lose their top talent -- people they want to keep around for when pastures turn green again.
...
For Wall Street workers still employed, there could be a hefty bonus in their checks next month.
According to a report from financial news agency Bloomberg, Goldman Sachs, for example, has set aside $6.8 billion for bonuses, and Morgan Stanley, $6.4 billion. "
Posted by guest , Nov 12, 2008 3:32PM
13...I'm guessing in control, behind said man of her choosing with a strap-on yelling those turn on obscenities we all know and love.
...at least I love 'em.
-BeckyBootFan
Posted by guest , Nov 12, 2008 4:01PM
well the $ aint going to private school
http://nymag.com/news/intelligencer/52022/
Posted by AJ , Nov 12, 2008 4:10PM
love me some billie piper
Posted by andrewb , Nov 12, 2008 4:44PM
somehow i suspect that this guy is full of shit. the publicly traded strip club they own (ticker RICK) is down 75%, and free online porn is destroying the profitability of the smut industry.
Posted by guest , Nov 13, 2008 12:47AM
We talked to these guys last year prior to Priapus' blast off. Mysteriously, they needed to draw down 100% of commitments on day 1. They did not grasp the most basic concepts of running an online business. No doubt Francis is full of shit.