rant · moment 10 of 19
TikTok Kids Becoming Angel Investors and the Magcon/Vine Generation
from #227 - Sober Up | The Tim Dillon Show · #227
6 min
Tim discusses TikTok stars turning into amateur angel investors and podcast business bros, contrasts them with the earlier Vine/Magcon generation who mostly ended up washed up and broke, and riffs on how social media fame mostly rewards good looks over talent.
- Chelsea Handler and other celebrities dumping $20k into startups, then tweeting about being angel investors.
- Magcon—Meet and Greet Convention—was the precursor to TikTok kids, documented in Netflix's 'Chasing Cameras' about Cameron Dallas.
- Vine stars built huge followings on six-second looping videos before the app shut down.
- The real algorithm for social media success is just being good-looking; that's it.
- Good-looking people get away with bad comedy because people find them attractive and won't admit it.
- Vine stars from Magcon bottomed out after the app died and couldn't parlay their success into anything else.
- LA social media managers warn TikTok kids about the Vine stars as a cautionary tale—washed up at 21 or 22 with nothing.
- Young TikTok kids are trying to build businesses despite being 16, 19, or 20 and knowing nothing about business.
- Business strategists and the Winklevoss twins do podcasts with TikTok kids to teach them about capital markets.
- Tim dislikes Barstool Sports slogans like 'Saturdays are for the boys' when people should be finding gainful employment.
Yes or yesBarstool SportsVineBryce HallCameron DallasWarren BuffettChelsea Handler