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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.
“Seeking has helped facilitate hundreds of thousands, if not millions, of arrangements that have helped students graduate debt-free,” Mr.
Accelerated by the anonymity of the internet, sugar-dating is a variation on “escorting,” that practice formerly advertised at the back of New York magazine and the now-defunct Village Voice newspaper. Fowles hesitated at first, but she convinced herself that sugar-dating would result in her having something of a regular relationship with an older man who would pamper her with an allowance.
“I needed the money, and I didn’t want to ask my mom,” she said.
She signed up on Seeking Arrangement.com, a website that helps people interested in monetized dating find each other.
That was a key theme of the keynote presentation he delivered at a Sugar Baby Summit (exploring “the strategy behind living the sugar lifestyle”) that he organized at 10 on the Park, an event venue in the Time Warner Center in May.
There, some 200 attendees, many silkily coifed young women, paid apiece for admission to panels on topics like styling, personal branding and “financial literacy.” Mr.
One man, who listed a net worth of $5 million, for example, wrote, “I’m looking to spend quality time (and money) with a potential friend (or friends).” Another man (net worth: $1 million, annual income: $200,000) wrote, “We’ll see how things evolve, and would love to serve as a mentor for anyone looking to start their own company.”Whether the agreements forged through Seeking Arrangement constitute prostitution or solicitation depends on the specific details of each relationship and negotiation, said Marc Agnifilo, a New York lawyer who represented one of the agency bookers in the Eliot Spitzer scandal and whose firm is handling the criminal defense of Harvey Weinstein. And in each instance, the questions are, ‘What constitutes sex, and what constitutes a fee? “He was Jewish, so we had to go to kosher places,” she said.