Fenix International

OnlyFans Owner Leonid Radvinsky Dies at 43

Leonid Radvinsky, the Ukrainian‑American entrepreneur who owned OnlyFans through Fenix International, has died at 43 after a long battle with cancer, the company confirmed. OnlyFans said it was “deeply saddened” and that his family has requested privacy; Reuters first reported the death. Radvinsky, originally from Odesa and raised in Chicago, launched adult streaming sites as a teen (including MyFreeCams in 2004) and bought a 75% stake in Fenix International Limited in 2018, serving as its director and majority shareholder. He also invested via the Leo venture fund (est. 2009). OnlyFans, founded in 2016 by Tim Stokely, transformed parts of the creator economy and has paid creators more than $25 billion. The news follows reports that OnlyFans was negotiating the sale of a 60% stake valuing the company at roughly $5.5 billion.

Snap Introduces Creator Subscriptions to Boost Revenue Streams

Snap is testing a paid "Creator Subscriptions" feature that lets Snapchat users subscribe to individual creators for exclusive content and recurring payments. The test begins with an initial cohort of about 15 creators (with ~10 more expected in the U.S.) and outreach to Canada, the U.K. and France. Creators can set monthly prices between $4.99 and $19.99 and will receive roughly 60% of subscription revenue after platform fees; Snap will provide performance data to help creators price offerings. The feature will be available initially to eligible iOS users only. Snap framed the move as part of efforts to diversify beyond advertising and build predictable revenue after reporting 24 million subscribers across Snapchat+ and Memories Storage Plans (up 71% year over year) and 474 million daily active users (down 3 million from the prior quarter). The rollout places Snap in competition with direct-to-fan subscription services and platform subscription products from rivals.

Ad Tech Founders Reveal Future Business Ideas

AdExchanger gathers seven ad tech founders to share the business they would start today, spanning ad tech and adjacent fields. The piece notes former AppNexus founder Brian O’Kelley’s shift toward real-time data for supply chains, and highlights ventures from Tapad’s co-founders aiming to reduce food waste, to a serial ad tech executive testing new markets. The interviewees describe future-focused ideas across synthetic biology, immersive higher education platforms, asynchronous content monetization, a startup studio for rapid DTC testing, and an ad-free, tip-funded recipe site. Additional suggestions include programmatic curation services and a virtual business-focused Habbo Hotel concept. The collection illustrates how leaders view market gaps and the potential crossovers between ad tech and other industries.