One of the buzziest companies in tech today, OnlyFans, is about as far from a typical startup as is possible. OnlyFans has no outside investors, is already profitable and isn’t looking to raise money, according to its founder, British entrepreneur Tim Stokely.
OnlyFans is a subscription social media site that lets fans pay to get exclusive content from creators. The site is perhaps best known for its adult entertainment content, which likely would make it difficult to raise venture capital anyway. Stokely, though, emphasizes that OnlyFans is for all types of entertainers, and he hopes to broaden into areas such as sports. In a rare interview, he notes that A-list celebrities including Cardi B have launched OnlyFans accounts.