Influence of Fabian Thylmann in shaping modern internet porn industry
1 min read
With money from his first venture, he began buying porn sites and production companies which were struggling due to free sites full of videos ripped off from them.
He got lucky when he found that the Montreal-based groups behind Pornhub and Brazzers - which in 2010 were profitable businesses - were up for sale
He ran out of cash after the deal (worth $130 million) and was looking for cash
In 2011, he received $362 million in debt from 125 secret investors that included the likes of Fortress Investment Group, JP Morgan Chase and Cornell University.