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by starfallg
288 days ago
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TikTok is a fluke, created by the condition of how it was originally born as Douyin in China. It is also the only app that translated well from the domestic China market to international markets. Being backed by lots of VC cash and Bytedance's revenues in China is a key factor in getting TikTok established overseas. |
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Of course each one of these platforms was backed by VC or stock market money, but that's the nature of the industry. Over the years, VCs ended up throwing a lot of money at Google and YouTube killers and that didn't get them anywhere, so that in itself isn't the winning formula.