Lightspeed’s Steve Jones Profiled in Wall Street Journal

GLENDALE, Ariz. — Steve Jones, who gravitated to the online adult industry at the turn of the century and then catapulted to fortune after launching Lightspeed University, was featured in the Wall Street Journal on Thursday.

The article paints Jones as a ubiquitous player in the branding of adult sites, of which he owns 30. His Glendale, Ariz., company, Lightspeed Media Corp. maintains the sites with 15 employees and has revenue of $5 million.

Jones, who adopted the trade name of Steve Lightspeed from chatroom conversations and has been an avid viewer of online adult since its beginnings, told the Journal that his company nets $1 million. He would not disclose his personal income.

Jones also told the Journal that despite his larger-than-life presence at adult trade shows — usually with a baseball jersey emblazoned with "Lightspeed" — he keeps a low profile in his private life.

"I don't have a jet," he said. "I don't have a yacht. I have a nice house. I tell everybody, 'I work for a living.' I don't drive a $100,000 car. I drive an old, beat-up minivan."

The 39-year-old married father of two launched his first subscription site, called Lightspeed University, in 1999. By 2000, the site generated enough income that Jones was able to shut down a consulting business after another stint at a software firm.

"He went quickly to the top in an industry where that doesn't happen often," attorney Lawrence G. Walters told the Journal.

Jones said his profession is an honorable one, despite the constant criticism Lightspeed Media receives from the use of younger-looking adult models. The company has long used terms such as "barely legal" and "barely 18" in its marketing.

“The problem is public perception," he said. "There's so much misconception about what we do. Everyone thinks we're all involved in every dirty piece of the business. It's really not like that."

Jones’ company is expanding its offerings, the Journal said, with a move into DVD sales.

Copyright © 2024 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

FSC Drops Opposition to California Age Verification Bill After Amendments

Free Speech Coalition (FSC) has dropped its formal opposition to California’s age verification bill AB 3080, after an amendment secured through months of discussions with the bill’s author was heard by the Senate Judiciary Committee.

SCOTUS Agrees to Hear Texas Age Verification Challenge

The United States Supreme Court granted on Tuesday the petition for a writ of certiorari in the Free Speech Coalition-led challenge to Texas’ age verification law, agreeing to hear the case in the next term.

Dorcel Group Acquires LifeSelector

Dorcel Group has acquired interactive content company LifeSelector.

Etsy Updates Policy to Ban Sale of Most Adult Pleasure Products, Content

Etsy will ban sales of most pleasure products and content that depicts sex acts and genitalia starting July 29.

Jamie Page Is LoyalFans' 'Featured Creator' for July

LoyalFans has named Jamie Page as its Featured Creator for July.

Byborg's Le Shaw Research Institute Teams Up With SWOP Behind Bars

LiveJasmin parent company Byborg Enterprises’ Le Shaw International Sexual Health and Wellness Research Institute has joined forces with U.S.-based sex worker advocacy group SWOP Behind Bars.

AI Erotic Storytelling Platform 'Erota' Launches

Erota, a new AI-powered erotic storytelling platform, has debuted.

Indiana Court Blocks Age Verification Law

A U.S. district court in Indiana has blocked the state's age verification law from taking effect this coming Monday, July 1.

Sex Worker Rights Advocates Speak at UN Criticizing Stigmatizing Report

Several sex worker rights organizations and advocates provided input this week at the United Nations office in Geneva, addressing a recent controversial report by the Human Rights Council’s special rapporteur on violence against women and girls, which made broad claims about sex work and adult content, and also endorsed different forms of criminalization.

DickHDDaily Launches Through YourPaysitePartner

New paysite DickHDDaily.com has launched through YourPaysitePartner (YPP).

Show More