"In essence, Manwin is a tech company," he said at a rare keynote speech at Internext, an industry-only conference held immediately before The Adult Entertainment Expo. "We're online and have such big sites that we have to be very, very good at the tech side of this business."
Some might roll their eyes at such a description, but Thylmann made a strong enough case over a 10-month period in 2010 and 2011 to convince a Wall Street fund (which he declines to name) to agree to a nine-figure loan in April 2011. The money was used to pay down previous acquisition debts and fund new takeovers, such as Digital Playground.
It's a strategy that has earned Manwin respect among its peers.
"There's no question those Manwin guys are smart and they know what they're doing," says Steven Hirsch, founder of Vivid Entertainment.
http://www.cnbc.com/id/45989405
