In a highly unusual transaction, Zivity, a venture funded adult content startup, has spun off the majority of its assets, employees and venture funding into a new company called Top Fans. Zivity first launched at TechCrunch40 in 2007 and has raised a total of $8 million in venture capital.

Cofounder Cyan Banister takes the CEO spot at Zivity, which will continue to publish adult content. She also… → Read More