Why We Need The Balls to Invest in Sex Tech
Tech is supposed to be hip, but where it comes to sex, it’s surprisingly square. It’s one woman’s mission to change all that, and spare us no blushes.
“The three biggest tech disruption opportunities today are cannabis, Bitcoin and Sex.” But while money is flowing steadily into the first two — to the extent that VCs and start-ups in those sectors routinely lobby for regulatory change– Cindy Gallop tells me that the Sex Tech space which she pioneered remains taboo.
Sex Tech remains taboo Click To Tweet
We live in a supposedly liberal and forward-thinking age, yet where it comes to sex, repressed prudishness still rules supreme, and this makes investors nervous. So where apps like Yo and Wakey — which can safely be described as pointless — attract million-dollar investments, a platform to socialize sex with over 400 thousand engaged users and a plethora of monetization opportunities is something that VC firms won’t touch with a proverbial barge pole.
Where it comes to sex, repressed prudishness still rules supreme Click To Tweet