Gen Z's TikTok Search Engine
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Robert Oliver sees TikTok as a paradigm-shifting platform that represents a massive opportunity similar to the early Amazon era - a gold rush moment where entrepreneurs can create substantial value without needing significant startup capital.
Key Points:
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TikTok is fundamentally changing how people discover information:
- 30% of Gen Z uses TikTok as their primary news source
- Many users now search on TikTok instead of Google for recommendations
- People prefer to "visually see what is going on" rather than read text reviews
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This represents a major paradigm shift in consumer behavior:
- "There's a paradigm shift" in how people search for everything from restaurants to products
- The platform is where "the brands of the future are being created"
- It's changing how creators emerge - they're "coming up off short form content"
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The business opportunity is substantial:
- Oliver's five brands using the TikTok model will do "over a hundred million this year"
- Single videos can generate significant revenue - "this video had made this kid close to $50,000"
- "Millions are being printed on TikTok shop"
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The opportunity is still early and accessible:
- "It's so early" in the platform's development
- You "don't need a ton of start up capital" or "to raise money"
- You can "basically just find something that works" and "create something of substantial enterprise value"
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Success requires understanding the platform dynamics:
- Be "an observer not a consumer" to spot opportunities
- Understanding specific angles that work for different demographics is crucial
- Content that taps into cultural moments can be highly effective
02:48 - 03:09
Full video: 01:22:17SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.