Jasmine Rice, 23, began earning $35,000 a month after signing up in March 2020, and Gracey Kay, a 32-year-old mother from Leeds, made double her £18,000 yearly salary as a hairdresser in just one month.īut the proliferation of adult entertainment has led Stokely to be labelled as a “digital pimp”. Customers were furious to receive an image of the actress in lingerie and turned to OnlyFans for refunds. Bella Thorne, a 22-year-old former Disney star, broke OnlyFans records when she made $1m in one day after promising subscribers she would send a “nude” for $200. Stokely maintains the day-to-day running of the company with his brother, while Radvinsky remains in Miami.Ĭreators say they like OnlyFans because they get a fair cut.
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“Leo has a fantastic background and when we spoke, it was clear that we shared similar ideas and visions for how to take the company forward”. Radvinsky provided cash and a wealth of experience in taking a company global in return for 75pc of the company. Something of a family affair, OnlyFans was backed by Stokely’s father - and former Barclays investor - Gary and steered with the help of Stokely’s brother, Tom.īut it wasn’t until 2018, when he received an email from Leo Radvinsky, a Northwestern University Graduate who built one of the pornography industry’s largest adult chat websites MyFreeCams, that the company took off. “Because users had to be over the age of 18 and the content on OnlyFans was securely hidden behind a payment wall, we saw creators really embrace the platform early on.” “The business models worked for the really big influencers but not for the majority,” he says. Working in online entertainment, he noticed that social media companies like YouTube were geared up to help give money back to a small pool of celebrities. After graduating he made the leap to an online fetish service, a softcore pornography website, a handyman platform and Customs4U, where customers could request adult photos and videos directly from amateur models. His first entrepreneurial endeavour was in school, where he would collect orders for the local fish and chip shop, marking up the cost to deliver. Speaking from his £2.4m Bishop’s Stortford home, the West Ham fan, whose slim frame renders him younger than his years, does not give off the air of a porn kingpin, nor the chief of one of the hottest technology companies in the world.Īs many would sympathise with, the pandemic has left him grateful for the life he "took for granted" and realised the importance of simple pleasures like "sitting around a dinner table with family and friends".Ī banker’s son who studied property and real estate at Anglia Ruskin University, Stokely attempted five businesses before launching OnlyFans in 2016. Sales this month were $400m, Stokely said, of which it takes a 20pc cut. Rarely among unicorns (the name given to a technology startup worth more than $1bn or £725m), Stokely says OnlyFans is profitable and on track for almost $1bn in revenue this year after spending climbed 400pc during the pandemic. "The stay-at-home measures accelerated growth because people were looking for ways to connect online," he says.
The subscription-for-content company is a hit with mostly female creators who began making large monthly incomes by charging customers for suggestive photos and videos, offering online companionship along with lingerie selfies. And as most executives were figuring out how to keep their businesses afloat, OnlyFans was going from strength to strength. Since then, Stokely's unassuming family business from Essex has become one of the most well known pornography empires in the world - and one of the most talked about technology companies in Silicon Valley. “To have someone as influential as Beyonce mention us is hugely significant,” he says. Stokely, the founder of OnlyFans, was ecstatic. “On that demon time she might start an OnlyFans”. “Hips TikTok when I dance,” Beyonce chimed in on the second verse. He went downstairs to his computer, opened up Spotify and pressed play. On April 29 last year, Tim Stokely woke up to a barrage of WhatsApp messages asking if he had heard the remix of Megan Thee Stallion’s smash hit Savage.
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