people (not all of us are developer) but already generating $4M of net income last year(not try to brag on it, since I’m sure we’re not the best) and by the way we did end-year party last night I am pretty sure it’s more than doubled. We choose not to raise fund or sell IPO because we feel steadier without it. Unless you have great growth that can ensure market (remember, todays market is mostly based on fear) or you have great trouble and IPO is the only thing that can save you, don’t enter the market 🙂
So I could see how they could lure in a lot of straight men with the promise of casual sex, just not how they could keep the enormous churn rate down when they found they were barking up an empty tree. Maybe they just haven’t burned through 100% of the population quite yet, and want to IPO so they can cash out before they do, or maybe just a lot of people have lower standards (even when sober) than I would have guessed. Or maybe AFF is nothing but a ruse to lure men into porn sites they own, since you’d probably prefer it to your options there.
As for gay men, there are many men who hate the idea of finding a hookup or boyfriend in a bar.
When they were privately (and before being sold to Penthouse) they were still very profitable and paid generous bonuses to employees (although they had a fairly high churn rate due to the nature of their business). AFF, by the way, is a big Perl shop.
I believe most of their income comes from pornographic portions that they offer / affiliate programs (but I’d imagine the “adult personals” portion is what draws its audience).
Once in the early day’s, my friend’s manager (the company’s founder) had been asked by a former classmate if he could host a site for his start-up in exchange for stock options. The manager refused. That classmate’s name was. Jerry Yang. (more…)