TechCrunch reported last week that
Founder and CEO Andrew Conru told CNN.com, in a March 2007 story, that while most Internet sites take in venture capital, he grew his current business organically, in part because the VCs didn’t want to have anything to do with the sexual content on his site. Conru also said that he had distaste for institutional backing since he’d taken funding for an earlier startup and wound up disappointed with his cut.
“When you start out, you don’t need a lot of money, as the Web 2.0 crowd finally figured out. All I really needed was a computer,” he said. —Dan Primack