My goodness, these guys have raised over 8 million dollars for a sex toys company startup. I certainly wish these venture capitalists would talk to be about my sex toy inventions! I have a couple of new ideas that would sell very well, and I am pretty sure they could be brought to market for under 2 million dollars. These guys have raised for than 8 million!
Granted, one of the people involved in the JimmyJane line of products has a degree in electrical engineering, and I don’t. I do however have a lot of experience in the sex toys industry, and plenty of experience in sex! Maybe we should work together on some ideas? Who knows. For now I am not overly impressed with the super expensive diamond studded dildo that they have released. I do like the shape of one of the products they have released, but I do think the price is kind of high. If you compare it to the prices of the phillips toys though, I guess it’s not that bad. Perhaps they can hold a charge for a long time and work really well, so they may make for a good investment. I will have to test one out and see.
From the article I found via Vietnews, supplied by Reuters, I am glad to see some companies talking about the financial considerations of out industry. Perhaps we will all see more investment and better products coming out to the millions who are eager for them!
A few excerpts from the article:
some 46 percent of U.S. residents have confessed to using sex toys, according to a 2004 study conducted by condom maker Durex.
Palo Alto Investors, a $1.5 billion technology-focused hedge fund has also invested. The fund describes its strategy as “Focused exclusively on overlooked, misunderstood and undervalued segments of the equity market that have significant potential for positive returns.” It invested in JimmyJane out of its Micro Cap fund.
Since its initial institutional financing round, the company has launched several new products. Its original line of toys started at $175 and included a $3,250 diamond-studded platinum vibrator.





