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Wade’s sites encourage wealthy men, dubbed “Sugar Daddies,” to pay younger, attractive women, or “Sugar Babies,” to go on dates with them. Additionally, Wade told me he’s been a nerd since his childhood in Singapore. My mom would always tell me, ‘Just focus on your school, and once you’re successful, you will have the means to be generous.” Wade said he studied what mothers have traditionally told their daughters: That it’s wise to find a rich and generous man.
For this, the Las Vegas-based Internet entrepreneur has been called an e-pimp in media reports. “My parents expected me to make ‘A’s in school and study hard,” he said. “When I was growing up, I was constantly in pain,” he continued. He also learned what many young men learn in school: If you are a nerd, you’re not going to impress a hot girl without money.
It isn’t an explicit quid-pro-quo exchange for sex because, first, there is a relationship involved, Wade said.
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