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The terms of service, he said, prohibit transactions for sex; the site simply seeks to bring the role that money plays in mating out in the open.
“We want to drive people to talk honestly on the first date about who they are and what they expect to gain from a relationship, just like you discuss in any business relationship and any business arrangement,” he said.
Wade claims that the site has 20 million members worldwide, about 60 percent of them in the U. The site also markets itself as an antidote to student debt.
When you are 24 years old, jobless, boyfriend-less and in a fight with your mom, moving to one of the most glamorous, ballyhooed cities in the world can seem like a good idea. Last winter, a friend told her about the concept of “sugar-dating”: a “sugar baby” (most often a woman or a gay man) connecting with a “sugar daddy” (a man) in a relationship that offers financial support in exchange for companionship and possibly sex. In a group, there’s no pressure, everyone relaxes, and you can be yourself.