About this episode
Lucy Banks went from corporate banking to becoming a top 1% OnlyFans creator—and now runs a PR & marketing agency for adult creatorsIn this episode, she exposes the harsh truths about building in the creator economy, why most OnlyFans accounts fail, and what it really takes to scale in the adult space.We go deep into:- The business behind OnlyFans- Why creators need more than "just looks"- Payment platform struggles in sex tech- How Lucy made $1M+ on OnlyFans without going full-time- Building tech & startups in taboo markets??????????????????????????????? Connect with Lucy BanksInstagram: https://www.instagram.com/imlucybanksAgency: https://www.instagram.com/millionbillionmediaLinkedIn: https://www.linkedin.com/in/lucybanksmbm/??????????????????????????????About the HostI'm Abhinav Sinha, host of Funds & Founders—a podcast for Austin entrepreneurs navigating early-stage startups. I explore the highs, lows, and breakthrough moments of local founders through candid conversations, and sit down with VCs to uncover how they evaluate early-stage companies.LinkedIn: https://www.linkedin.com/in/abhinavbsinha/Newsletter: https://newsletter.fundsandfounder.com/???????????????????????????????? Timestamps00:00 – Intro: Lucy Banks on Funds & Founders01:00 – What people get wrong about OnlyFans in 202503:30 – The myth: "Being hot = success"06:12 – Why 99% of creators make less than $300/month08:40 – OnlyFans approval process and creator struggles11:20 – Meet Million Billion Media—helping adult creators14:45 – Censorship, shadowbans & banned bank accounts18:40 – Why Stripe and Mailchimp block this industry21:00 – Is sex tech the next billion-dollar wave?25:12 – How to build a Stripe alternative for adult creators29:00 – Go-to-market in a censored industry (no ads allowed)34:35 – How to get creators to trust your startup38:10 – Rev share models, affiliate structures, creator feedback42:00 – Lucy's story: From banking to OnlyFans46:00 – Making $1M+ on OnlyFans (without going all in)49:20 – What OnlyFans doesn't do for creators52:05 – Breakdown of revenue streams: subs, tips, chats55:50 – Why OnlyFans still wins despite lacking features58:30 – Top 5 growth tactics for new creators01:07:30 – Closing thoughts & where to find Lucy??????????????????????????????#CreatorEconomy #OnlyFans #SexTech #Fintech #Entrepreneurship #AdultIndustry #Startup #PaymentProcessing #FundsAndFounders #AustinStartups.
