Entrepreneur, 22, who founded a subscription startup to rival OnlyFans from his kitchen table hopes to ‘eclipse’ adults-only site after selling his company for $65 MILLION
- Harry Gestetner co-founded the subscription-based startup Fanfix in 2020
- Influencers are able to monetize ‘clean, exclusive, behind-the-scenes’ clips
- The 22-year-old is now a millionaire after selling the platform for $65 million
An entrepreneur who started a company from his kitchen table has sold it for a staggering $65 million.
Harry Gestetner co-founded the subscription-based startup Fanfix, based in Los Angeles, in 2020 as a rival to OnlyFans – but without the nudity.
It offers a space for social media stars and influencers who do not wish to be associated with explicit content to monetize ‘clean, exclusive, behind-the-scenes’ clips.
The 22-year-old is now a millionaire after selling the platform last year for $65 million, according to Crunchbase.
Harry Gestetner co-founded the subscription-based startup Fanfix in 2020 as a rival to OnlyFans – but without the nudity
The 22-year-old is now a multi-millionaire after selling the platform last year for $65 million, according to Crunchbase
Fanfix offers a space for social media stars and influencers who do not wish to be associated with explicit content to monetize ‘clean, exclusive, behind-the-scenes’ clips
Gestetner recently told Insider that he saw a need for a new platform after realizing that most creators on OnlyFans are ‘not actually doing any nudity for the most part — but they’re associated with the extreme pornography that’s going on’ and so ‘lose out on brand deals.’
He worked alongside co-founder Simon Pompan whom he met while studying at Harvard-Westlake School in Los Angeles, California.
The duo raised $1.3 million from the venture-capital firms to kickstart the Fanfix platform, with former Vine star Cameron Dallas also getting on board with the venture.
Since then, it has continued to go from strength to strength and in April it was reported that Fanfix had more than 10 million users worldwide.
The brand revealed that it had 3,000 creators earning an average annual income of $70,000 – and it estimated it would have paid its creators $50 million by the end of 2023.
But to become a creator on Fanfix, users must have at least 10,000 followers across their social media platforms to be eligible.
Gestetner, who remains the company’s CEO, also hit out at rival platforms after telling the publication that Patreon was an ‘outdated, bulky desktop-first platform catered to our parents’ generation,’ and describing OnlyFans as ‘porn site’ with a ‘massive stigma surrounding it.’
The entrepreneur said of Fanfix content: ‘We allow what’s the societal norm, and we don’t venture into any of the more explicit areas. The most lewd stuff on our platform will be similar to the most lewd stuff on TikTok or Instagram.’
Following its increasing success, Fanfix was sold by its founders to SuperOrdinary in an eight-figure deal. Pictured (left to right): Founders Cameron Dallas, Harry Gestetner, and Simon Pompan
The brand revealed that it had 3,000 creators earning an average annual income of $70,000. It estimated it would have paid creators $50 million by the end of 2023
Fanfix, which takes a 20 per cent commission on creators’ earnings, has continued to enjoy success and now hires more than 50 employees who are mostly in their 20s.
Following its increasing success, Gestetner, who grew up in London, and his two partners sold the company to SuperOrdinary in an eight-figure deal.
Gestetner feels that Fanfix could ‘eclipse’ OnlyFans in a few years – but admits that this is an ambition rather than a projection.
And his own Instagram page is now flooded with a slew of snapshots capturing his trips to the Bahamas, Las Vegas and Mykonos – to name just a few.
***
Read more at DailyMail.co.uk