The adult industry is bigger than Hollywood yet it largely lacks access to basic financial services. Cutoff from banking, payments, and venture capital, it is remarkable the industry exists at all.

Some sub-segments have earned their reputations as high-risk. But sexual wellness has not. It's a $10B+ industry cutoff from financial services despite being low-risk and highly profitable. It's an extraordinary failure.

We explore why the adult industry hasn't had access to financial services and the barriers still left to overcome today. We find that the industry is changing - the barriers are falling. Dame, Mauve, Hello Cake, and Foria have overcome tremendous odds to build promising startups. Lerer Hippeau, RRE, and a select few other venture capitalists are starting to provide funding.

It's never been a better time to fund and build sexual wellness.

Check out this week's letter for the full story. Follow @FatTailThoughts on Twitter and your co-hosts @KleeBeard and @StevenDickens3 for more content.