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Podcast Summary: The Influence Factor - The Creator’s Attorney with Tyler Chou
Episode Overview In this episode, Alessandro Bogliari, CEO of The Influencer Marketing Factory, engages with Tyler Chou, a leading attorney for creators and founder of Tyler Chou Law for Creators. They discuss the evolving landscape of the creator economy, the legal challenges faced by content creators, and strategies for protecting creators' rights.
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Key Topics Discussed
- Introduction to Tyler Chou
- Tyler Chou identifies herself as "the creator's attorney" and is the CEO of Tyler Chou Law for Creators.
- She manages a company representing 30 top YouTubers.
- Tyler's mission is to protect creators and help them build seven-figure businesses.
- Tyler's Journey
- Transition from Hollywood to creator law influenced by her desire to protect the vulnerable.
- Experienced in major companies (Disney, BuzzFeed) and has worked on significant Hollywood projects.
- Her journey was motivated by personal experiences, including her immigrant background and her desire to uplift those without a voice.
- Common Legal Challenges for Creators
- Signing Bad Agreements: Many creators enter into unfavorable contracts that can lead to financial and operational distress.
- Intellectual Property (IP) Issues: Creators often face IP theft, lack of awareness regarding their rights, and difficulties in enforcing them.
- Revenue Streams and Payments: Delayed payments from brands and companies are a common issue, with many creators being forced into difficult positions.
- Partnership Disputes: Friends and collaborators often find themselves in legal disputes over revenue shares and ownership without formal agreements.
- Proactive Legal Strategies
- Tyler emphasizes the importance of:
- Establishing an LLC: To protect personal assets and manage tax obligations.
- General Liability Insurance: Essential for protecting against lawsuits, especially in a litigious environment.
- Trademarking Profiles: Helps protect brand identity and prevent future conflicts.
- Contracts with Employees: Clear agreements that establish ownership of work produced.
- Future of the Creator Economy
- The creator economy is expected to grow significantly, especially post-COVID, with more individuals turning to content creation as a primary career.
- Traditional media is evolving, with platforms like YouTube becoming central to content distribution.
- The importance of diversifying platforms and revenue streams is highlighted.
- Importance of Education and Awareness
- There is a need for ongoing education for creators regarding their rights and the legal aspects of content creation.
- Companies should invest in educating creators about their legal options and protections to foster a more equitable environment.
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Key Takeaways
- Creators must take proactive steps to protect themselves legally and financially.
- Understanding the importance of contracts and legal protections can prevent future disputes and financial losses.
- The creator economy is maturing, and as more individuals enter the field, awareness and education will become increasingly important.
- Collaborating with legal professionals can free creators to focus on content creation while ensuring their rights are protected.
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Conclusion Tyler Chou's insights shed light on the critical legal framework surrounding the creator economy, emphasizing that while creativity is vital, understanding the legal landscape is equally essential for long-term success. The podcast underscores that as creators scale their businesses, they must prioritize legal protections to secure their livelihoods in an evolving digital landscape.
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Follow-Up Actions
- Follow Tyler Chou on LinkedIn: [Link to Tyler's LinkedIn](https://www.linkedin.com)
- Consider legal and business education for creators: Engage with resources that focus on the legal aspects of content creation.
- Diversify your content and revenue streams: Explore multiple platforms and income sources to mitigate risks associated with reliance on a single avenue.
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Listen to more episodes of *The Influence Factor* for insights on influencer marketing and the creator economy.
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Transcript
Automatic transcript. May contain errors.0:00You don't get to go to Best Buy and say, I'm going to take this TV and pay you in 90 days. right it doesn't there no one's gonna let you walk out of the store with it but yet we treat creators like that right we're like we're gonna take your content and we'll maybe pay you in three months maybe six months maybe a year hey Tyler welcome to the show how are you I'm so well I'm so excited to be here like we've been trying to do this for a while so I'm glad we finally got on the books absolutely and this is gonna be I know for sure a very valuable and interesting episode. It's the first time that we go in the ins and outs of everything.
0:37It's like, you know, all the legal, right, things around content creators. It is one of those things that many things, right, people don't think about. And so it's going to be interesting and very helpful for content creators, influencers, but I also would say for brand marketers, right? That many types might not see things about IP and other things, right, that creators can see on a daily basis. But before we get started, right, and we talk about all these interesting things, Tell us a bit more about yourself with the map that we use here on the podcast. Basically, it's divided in the mission.
1:08What do you aim to achieve with your work? The achievements, anything that you're really proud of, right? Notable milestone, career, or life, or both. And the last one is the purpose. So why do you do what you do? Hi, I'm Tyler Chow, the creator's attorney. I'm so happy to be here with Alessandro today. I am the CEO and founder of Tyler Chow Law for Creators. I also have an agency and management company where I manage 30 of the biggest YouTubers in the world. So my mission is to protect creators. And a year ago, that was my mission. But now I've expanded it a bit. And it's basically my mission is to protect creators and bring them to seven figure businesses where they launch products and they're in a position to be acquired.
1:51I'm currently in the middle of brokering the sale of one of my clients, big YouTube channels for eight figures. And that's something I want every creator and YouTuber to be thinking about. You know, how do you position yourself with multiple revenue streams so that you can be attractive to a buyer? My accomplishments, I've been an attorney in Hollywood for over 16 years. I've worked at companies like Disney, Skydance, BuzzFeed, where I was head of the creators program there, as well as big law firms where I was, you know, part of Tom Hanks' team and Marisa Tomei, as well as I've been the lead attorney on 22 feature films.
2:27So I've been, you know, featured in a variety as a top Hollywood attorney. And a year ago, I left it all behind because I believe YouTube is the new Hollywood. That's amazing. And then what about the purpose? Is there anything else on top of the, you know, you shared about the mission? What about the purpose? Sure. My purpose has always been to protect those who are vulnerable or voiceless. I'm an immigrant. I came here when I was seven. My parents actually still don't speak English. So I went to law school wanting to be a DA. I wanted to, you know, work in the justice system to protect those who couldn't protect themselves.
3:00My first summer in law school was at the DA's office, but LA County wasn't hiring at the time. So I was not able to work there. Long story, but I got myself into entertainment by working for free. And my mission and my purpose are very tied together. It's always about protecting those Davids of the world who go against the Goliaths. So that's sort of my mission and purpose. First of all, you know, congrats off your journey so far. I'm pretty sure that you have stories, you know, that there is so in these like, you know, years. And I'm also curious, before we get into, you know, what you do now, what influenced you to also, you know, getting a career in law?
3:38And how was it? You said that you're like, you know, an immigrant. You got here in the States when you were like, you know, very young. How was that? But I mean, it's never easy to do like, you know, getting too low, right? It's a lot of work, a lot of studies. So tell me a bit more about, again, how do you stay motivated in something that difficult? You know, I think it goes to my childhood. I grew up as the only Asian in my school. And I was unfortunately bullied and made fun of because we were very poor and because we were Asian. And I think that just like fired something inside of me that said, you know, kind of subconsciously, I want to do really well so that I can prove these bullies wrong.
4:16And I've always just loved academics. I love books. So learning is very natural for me. It's like I'm a lifetime learner. I went to Berkeley as an English major. I actually wanted to be a novelist, but I went to law school to to make a difference, to protect those who couldn't be protected. It was very hard. You know, I went to Berkeley on a scholarship. I waitressed my way through law school. I mean, it was something that I had to keep pushing myself. But I always saw myself as an attorney, as somebody who could help those who couldn't help themselves. So I think that vision of like what I was going to do in the future, like who I was going to help really kind of propelled me because that work hasn't stopped just because I didn't join the DA's office.
4:59I mean, for over 10 years, I have volunteered at a woman's shelter, helping women of domestic violence, leave their abusers, getting restraining orders and divorces. And so that has always been very central to who I am. So that motivation to just help those who can't help themselves, who can't speak up, that's, I think, what's always motivated me to keep going. That's very admirable, right? Because you have every single day you wake up and be like, I actually can make a difference, right? You got it like on your skin. You know what it means, right? Not to be treated like, you know, fairly or poorly.
5:33And then so I totally get that. And it's, you know, kudos to you for doing something that is that important. And I'm curious then what happened, you know, after, you know, going from the Hollywood, you know, world, right, to creators and YouTube. Was it something that you kind of strategized around that? Or did it happen that one time you were, I don't know, like maybe a conference, you know, could be a VidCon, VidSami, whatever. Then you start talking with these creators and be like, actually, this is interesting. Like, so I'm interested to see how much strategy was it, how much was like, this is interesting.
6:06money are getting there they they might need my help and support and let me let me try well it's a great story so i don't know if you know this but i actually have my own youtube channel it's called you know um and and so i started my youtube channel two years ago because i had a midlife crisis basically after about years of helping creatives achieve their creative visions i asked myself well what's my legacy right of course or my greatest legacy but i wanted to leave something behind. So I thought, well, you know what? I was a fan of Ali Abdaal's who has a course called the Part-Time YouTube Academy, and it's geared towards professionals who want to have a YouTube channel.
6:47So I, you know, being kind of a type A perfectionist, I said, well, I'm going to take a course. I'm going to figure out how to do this. So I took his course and, you know, Ali's advice is you upload a video every week, 52 videos, you should get to about a thousand subscribers. as we all know it's very hard to grow on youtube right and so i uploaded two videos and then got to about 200 subscribers like 280 and then i went to vid summit two years ago i met these two women emily and sarah the akito twins and they asked me hey there's this drama with the try guys and ned falmer and i don't know if you remember that but basically ned was like caught cheating on his wife with an employee and he was like known as the wife guy.
7:34And Emily asked, hey, do you know what's going on here? And I said, sure. Like they probably have an executive partnership agreement. There's probably a morals clause. And, you know, cheating on your wife with an employee is a violation of that morals clause. And they're probably exiting him right now. They're probably buying his rice. We're giving him a rev share. Like I kind of just broke it down. And she said, well, you should go make a video about that. So I went home. I made a three minute video after of that weekend, three minutes. And that video hit 400 ,000 views in the first few days.
8:03And that was from a tiny channel, right? Like two videos, 100 subs. And then I made two follow-ups. So those three Try Guys videos got me to a million views and 10 ,000 subs within that month. And then I was like, wow, there's like so much power here. Because after being in Hollywood for 16 years, I have sat Alessandra on like hundreds of films in development that will never see the light of day. Not because they're not good scripts or they're not good stories, but it's because like, oh, the studio will say, well, that other studio just released a film that was similar to that three months ago.
8:37So we can't make this film. And then like and then that film gets pushed down and down and down and it just never gets made. But the power of YouTube is if you have a story and you're willing to go on camera and say it or make that movie, like millions of people can see it. Like how amazing is that? So becoming a creator myself allowed me to understand the struggles that creators go through. You know, the constant hamster wheel of putting out a video every day or every week. Then, you know, seeing my fellow creators getting screwed by big companies or unfair contracts, it really kind of like stirred something inside of me that said, this is wrong.
9:15But you know, at the time, I was working on a private equity fund. I mean, I started my YouTube channel in secret. I didn't tell anybody in Hollywood about it. I didn't even use my full name. My channel was called The Hollywood Attorney when I started. And that was kind of what led me to understand, okay, there's a need here. There are very few traditional lawyers who are paying attention to this space who are representing creators. So a year ago, I had the chance to leave my fund. And, you know, I was laid off, actually. Like, I always, like, try to spin it pretty, but I was laid off, right? And I should just say that a bunch of people were laid off.
9:49My fund was acquired by MetLife because of the$2 billion fund. And, you know, my boss said no changes will happen. But, of course, three months later after MetLife went through all the numbers and realized, wow, you know, films don't really make you much money. So they shuttered the studio's division and I got a nice severance, but I said, what am I going to do now? But it was also during the strike, right? The WGA and the SAG strike. And I'm a very high level hire. Like no one was hiring anybody of my level. So I said, okay, I'm just going to start a law firm. Like I didn't think too much about it.
10:20I had a bunch of friends. I had a bunch of creators who had been asking me to represent them. And I finally said, well, I'm just going to try this out. You know, while the strike, you know, plays on, I'm going to see how it goes. And in the year that I've started my firm, Alessandro, it has exploded beyond my wildest dreams. Like I have so much inbound, so many new clients coming in that I actually, yesterday I received an offer to buy my business. I mean, so that's like, that's news. I'm still debating it. Like there's still so much that has to go into it. But like, but like my YouTube business, right?
10:52Like, so my fractional CEO and all of that, not my law firm, my law firm will stake, you know, nobody can buy a law firm. You have to be a lawyer to be a partner in a law firm. So it's all very, very exciting. And it just shows the need for creators to have executives on their team who are their lawyers, their fractional CEOs, and people who are actually some adults in the room, unfortunately. As we can see with Mr. Beast and Jimmy, you knew that. He has said himself, young Beast didn't have the right lawyers. And I think that's why he's in a lot of the trouble that he's in now. Now, he's got the lawyers now.
11:29I've read his complaints and I know that he's got big, big law firms, you know, representing him now. But that's, you know, that's because he's in trouble now. Yeah, I know. Exactly. Better to, you know, be on the preventive way, right? Like, you know, aside instead of just waiting for things to happen. And I also think that, you know, the creators that work with you also really respect the fact that yourself are, it's like, you know, yourself are creating like content every single day or like, you know, you know how to be on camera. you understand about monetization, you understand about editing, you understand distribution and followers and everything, right?
12:02And that is like, you know, that makes a huge difference between that and just saying like, oh yeah, I heard about something, you know, and now I'm going to tell you what to do, right? But you're the first one doing that. So that is definitely coming in handy. And so you said that many creators, right? They either sometimes they sign the wrong agreement, or maybe they don't even know about IP rights or they don't even know. There is so much, right? Because they are great at creating content. It doesn't mean they know how to establish an LLC. They might not know anything about accounting. Again, IP and so on.
12:37Have you identified any most, what are the most common legal challenges for creators? Is there a pattern out there? Is there something that you identified as, you know, coming over and over to you as either request by email or whenever you work on a case? So I would say there's a handful, right? One of the things is signing bad agreements, right? Having really egregious termination, like provisions where there's a fine, a charge, right? Like I had a client who was being told in order to get out of this really awful agreement where it was like a loan and then he was trying to get out of it, but he had to like keep up his cadence of uploads and he was just dying.
13:15Like he was just like, he came to me crying, like broken. Like he's just like, I want out of this, but they want to charge me$50 ,000 to get out of this deal. So I stepped in, I reviewed the contract. I said, you know, there are all these things that they've done that are just fraudulent. Like they took more money than they should have. And I said to him and I stepped in and I went to their CEO and I said, let's go. Let's go to arbitration. Let's go to trial. I would love to get you in front of a judge or a jury because I can show them everything you've done really illegally here. And, you know, I was able to get my client out without paying$1.
13:50And those are the types of deals that are really prevalent. There's, you know, agreements where they're signing over, you know, things in perpetuity or license deals that are just, they ask for so much, but a lot of creators don't think that there's an issue. Unfortunately, a lot of managers, there's a lot of great ones. You know, I co-work with some great managers, but there are some managers who really, when they redline a contract, they redline, right? Like they care about the deliverables and like the fee. They're not really looking at kind of the back end, like indemnity and morals clauses and cap on liability or, you know, weird, you know, things like turning off your monetization on a video, right?
14:30They're not really focused on that. But I am because I see all the issues that are coming in, right? I have a lot of IP being stolen right now, right? Like either videos being stolen or I have a client who sells a course for$3 ,000 and there are like 10 websites out there selling it for$29. I send out a lot of cease and desist letters, a lot of takedown notices, basically going after these bad actors for stealing IP or brands not paying, right? Like this is also very common. A lot of creators come to me when, you know, they're typically six-figure deals, right? When it's kind of like it really hurts to like, how many creators have you heard of that?
15:07Just like, you know, it's a couple of thousand. So I just let it go because they just weren't paying. And so I just like, what am I going to do? I'm not going to hire an attorney because I would just, that's the cost, right? And honestly, I've done a lot of letters for free because I hate bad actors like that. I'm like, I will just go after them or tell me about it on LinkedIn and I will just call them out. You know, I called out Captivate for not paying. and you know what? The CEO called me in 15 minutes because I was negotiating a current deal with a client and I made him pay 50 % upfront, right?
15:39So like, tell me, like I don't even have to represent you, right? I say this when I speak at VidCon and VidSummit, like just tell me, tell me who they are and I will call them out because a lot of creators don't wanna call them out, right? Because they don't wanna be known as the creator that makes a fuss and is difficult to work with. But at the end of the day, like these agencies, like, you know, these companies shouldn't get away with not paying. Like you don't get to go to Best Buy and say, oh yeah, I'm going to take this TV and pay you in 90 days, right? No one's going to let you walk out of the store with it.
16:08But yet we treat creators like that, right? We're like, we're going to take your content and we'll maybe pay you in three months, maybe six months, maybe a year. That's not okay. So those are kind of like the more high level emergencies that creators come to me with. Also another one is partnership disputes, right? A lot of friends start podcasts or channels together and we'll have an agreement in place. And a couple of years later, they're like bigger. And then they're like, I have a client who this actually happened to. She was giving her best friend 50 % of her AdSense. And a year ago, I said, this is not a good idea.
16:43Can we at least put this in a contract? And she's like, no, this is my best friend. I don't really want to. Sure enough, her AdSense hits six figures. And she's like, huh, I don't know if I want to give 50 % away anymore. And I said, yes. So we went to him eight months ago. It's taken us eight months to get through this contract because you know what he said, Alessandro, he's like, I own this channel. I own 50 % of it. I made you. But if you have no partnership agreement in place, how do you just, like, it's a lot of unwinding. You know, I wish creators could be more proactive and hire me to prevent the issues from happening.
17:22But they usually wait until it's like there's a huge emergency. Is your brand ready to amplify its reach? Well, the influencer marketing factory is here for you. We are a global influencer marketing agency helping brands ignite their growth. From influencer identification to campaign strategy, handling legalities and agreements to managing shipping and logistics, we got you all covered. We work with hundreds of brands across different verticals, from Fortune 500 companies to direct-to-consumer brands. And we don't just stop there. With detailed ROI analysis, we help brands like yours measure success, transforming impressions into conversions.
18:00You can find us at theinfluencermarketingfactory.com or just searching the Influencer Marketing Factory on Google. Yeah, and that's, you know, something that I wanted to see with you, right? instead of waiting for something to happen, how come the creators, right? What are the things that they should think about on day one? This is a great example when you say about partnership. How many times you start with your best friend, with your roommate, with your whatever, right? And of course, when your friend all the time is like, ah, this will never happen to me. We're best friends. Of course, we're going to be friends forever, right?
18:35And then similar to like, you know, rock band at a certain point, right? They start with the best intentions. And then when you start seeing money, people get greedy. And unfortunately, business is business, right? And many times, some people take their feelings away for a second. And they'd be like, you know what? I just care about this money. And I don't care if you're my best friends, if you're my mother or whatever, right? I just want to get this. And so what are some of the pieces of advice that you would say to someone that either want to start a partnership? So in this case, it would be interesting to see how to be sure that if things go well, financially speaking, everyone knows what to expect.
19:16And also the second is, in addition to that, is there anything else that many creators that you talk to, have identified anything that at a certain point always come up as a problem that they didn't do on day one and they just procrastinate for some reason? And then when it hits the moment, they're like, ah, if only. I'm curious about that. So yes, there's a handful. The top two are probably setting up an LLC, paying your taxes, right? Like I know so many creators for not paying their taxes and that's going to come back and really hurt them in the future, right? I ask clients, you know, have you trademarked your name and profile photo?
19:54You know, takedowns are a lot easier. We have to realize, right, Alessandra, that the flood of creators is coming. Every child in the world wants to be a YouTuber, right? Like that's their dream job now. It's not a doctor or an astronaut. It's to be a YouTuber. So if your name is a little more common, like someone else is going to grab your name. You know, I know of an agency that has a name and now they have to rebrand themselves because when they went to go trademark, they're like, oh, there's this other agency out there who's been using the name for 10 years. But they didn't think about it when they were naming themselves.
20:27I'm like, we could even vote even earlier, right? Which is like naming yourself. Like if you're going to name a company or podcast or anything, please do a trademark search. and see if there's someone else out there in the same category or class as you. This is something that's like really huge. General liability insurance, you know, media insurance. If you're doing anything that's like, you know, Coffee Zella is a great example. Like he is getting sued by Logan Paul. So he tenders his lawsuit to his insurance. And they're like, oh, defamation is excluded, which is criminal, by the way, because his broker should have understood that the reason why he bought E &O insurance was because he needed defamation coverage.
21:07And I think he's suing him right now, which he should, right? Like he should be suing the broker for malpractice. But if you're doing any type of content that's like reactionary or like doing reviews of people, even products, right? If you're doing reviews of products, like that can kind of be on the edge of like, if you hurt someone's business, could a company come after you for doing those types of reviews? Like you need to protect yourself. And then, you know, those are kind of what I think of rises to like, you should do this immediately. If you're like making a couple thousand dollars, right, making content.
21:38And then, you know, the further on is if you start getting employees, right, they should be under an employment contract or independent contractors as editors. You have to have language that states that you own their results and proceeds, right? Like anything they make for you is yours. If you don't have a piece of paper that says that, you could have an editor that leaves with a video and says, oh, no, this is my work. Like I came up with this concept or this tool or this, you know, element of your video. So I'm going to take that with me. They could because you don't have a piece of paper that says you own that result proceeds, right?
22:10So those are kind of like the ones I see for all creators. Now, when you get to more kind of higher level creators, right? A lot of my clients are in the million plus. Then we start, you know, looking at revenue streams and different things like that. So there's different protections that go into launching a product or, you know, we're working with private equity funds and getting equity. So it's like those get a little more complicated and might not apply to so many creators. Two points. Very important. The first, like the last one that you said about, you know, be sure that if you hire someone, there is all the agreements in place, all the contracts that is, you know, very clear about what our position and everything.
22:48And also that if they are doing something for you, right, it's your IP. That reminds me of, you know, one of the episodes of Silicon Valley is, you know, this TV show that was on HBO. Oh, I love it. You don't have to describe it. I know it. Yeah. Okay, okay. No, no. I knew for sure that you know it. It was for people that are listening that I realized that many people don't actually know about this show. Oh, I'm a total nerd. I'm a total nerd. Okay, love it. So, you know, and it reminds me, right, when there is the case about that they use the computer given by the company, but at the same time, there was like no agreement for this.
23:18So it was like a bit complicated. And at the end of the day, so I think that that episode was a great example of like being sure, right, that no matter if you are into, you know, the big Silicon Valley, or if you just started your new LLC, you should think about that. And the other one, it's about insurance. I think they are totally right. Especially when you start, it's one of those things that you're like, oh, I'm an artist, I'm a creator. I should not even look into this. This is boring, this bureaucracy. Or you think like, oh, this will never happen to me, right? All the time, someone else is going to get sued.
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23:48Someone else is going to get into legal issues, right? And yes, it's a little, I mean, not necessarily a little, it depends by the things, but it's an investment that you do. it's better to put a bit in that moment and then if anything happens, right? Knock it on wood, but at least you're protected, right? Yeah, let me flush that out a little bit, right? Because creators are like, why do I need general liability insurance? I mean, look at the creators who endorse FTX, right? When FTX went under, they all got sued. And just because we don't hear about it right now, it doesn't mean it's still not going on.
24:20I mean, they're probably in settlement or mediation, but these creators are probably on the hook for hundreds of thousands of dollars, if not millions of dollars, because they told the audience, the world, this is a safe product. I'm giving the endorsement. You should go, go, go invest in buying FTX. And so if you have general liability insurance, they'll cover your legal fees, right? Depending on like how, if you were like negligent or, you know, depending on your actions. But if you weren't, and this was simply like a sponsorship that you did, but you didn't know, you did your due diligence, like you didn't know, you know, they were going to defraud millions of people, then the insurance company will cover your legal fees.
25:01But if you don't, then you're on the hook for all those legal fees. You have to pay hundreds of thousands of dollars in legal fees because litigation is very expensive, right? So if you have a nightmare living in the U.S., you can sue and be sued by anybody. But and then in addition, the settlement, like whatever you have to pay to the victims. Those could be millions of dollars that if you just paid for the general liability insurance, which could be just a thousand or$2 ,000 a year. I mean, I know it's like creators are very cost sensitive. They don't want to pay for anything. Right. But at some point, you know, we're seeing a mature of the industry, right?
25:40COVID is almost about five years. There are creators who have been making stuff about five years. A lot of them have gotten really big. a lot of them are starting to realize, oh, what's my business? Because creators think of their YouTube channel as their business. So they'll say to me, well, my YouTube channel is my business. I'm like, no, your YouTube channel is the marketing arm of your business. You're the business. You're the media company. They don't realize that because they usually don't have anything that they're selling, right? They're usually selling other people's product. I truly believe that a reliance on AdSense and brand deals is a recipe for burnout, right?
26:12If you're not selling something of your own, if you're not building off platform, you don't have your own community or capturing your data with your email list. And that's the goal, right? Like if you have an email list, that's who you're selling to. You know, if anybody takes anything from this talk, it's like, well, let's get general liability insurance LLC and maybe, you know, capture your email list soon, right? But yeah, it's just like, I just see this happening all the time where creators don't realize that they're a business. They're just like, oh, like you said, right? I'm just a creative.
26:43I don't need all the stuff, right? I think you do. No, totally. I mean, in other episodes, we talked about this, you know, in one episode, I remember that with Ms. Excel, she has a team of almost 20 people now, right? And if you see from the outside, it's just, oh, a video about Excel and formulas, and it's a funny, entertaining video. And then you realize that there is a team of 20 people behind that, right? It's a serious business. Like, you know, when you start doing seven digits, You know better than me managing a lot of people that do those numbers. It's not a game anymore. It's a business with families and people depending on that.
27:19Oh, yeah. And it just takes one disgruntled employee to leave or to be wrongfully terminated to sue the company. I mean, I think one of the challenges is a lot of creators are young, right? A lot of them haven't had corporate jobs. They haven't had things go wrong. They haven't been sued, right? Like, you know, the second you get sued, it really changes your perspective on the world. Like you start thinking about you to think about managing risk and just interactions and relationships differently. Right. Now, I will say this, like at my last job at my private equity fund, you know, we got sued a lot.
27:55And I was like the lead attorney. And I remember saying to my boss, who is one of the principals of the fund, I was like, I'm really stressed. And he's like, why are you stressed? I said, because we're getting sued all the time. And he said, if you're not doing big business, you're not going to get sued. right? And like, look at Uber and Airbnb, like when they were going full out, like they took so many risks and they like went full out and their lawyers would be like, slow down, slow down. And they're like, no, because the cost of litigation will be less than the profit we're going to make by going really fast.
28:26And so that's, that's always the calculation that businesses have to make, right? Like, do you want to go fast and you're, you're going to, you're sure you're going to make enough money to cover all the legal fees, but that's not most creators, right? Creators are small businesses like they don't have millions and millions of dollars to be spending on legal fees so i think it's very important to be proactive and and kind of put these things in place so that when they get sued not if like when you look at jimmy you get big enough you're gonna get sued yeah you deal with enough people you're going to get sued right and so that's just that's just business.
29:03And so because of this, right, and you said that now finally the creative economy is more mature compared to five years ago, much more than 10 years ago, right, when it was still this thing somewhere in the cloud, right, there was not even called the creative economy. My last question for you today is that how do you envision the future of everything that is like, all these legal aspects and legal protections for creators in the next future? Are you seeing like a bit of like sort of light on the end of the tunnel here? Are you seeing more maturity also in people? Or do you still think that we still have to work much more on the educational side for everyone involved to be either protected or to understand their rights?
29:44And I would like to understand what do you think there is a current status and what else can we do in the next future to make this situation better for everyone involved? Well, so what we're going to see is we're going to see more creators get bigger, right? So that like 1%, I think will get bigger. It'll be like five or 10%. But what we will also see, or maybe it will stay at 1 % because the new people coming in is going to be huge. Like we need to brace ourselves for a tidal wave of creators who are going to come. Look at the millions of tech people who've been laid off, right? Who cannot get a job.
30:17A lot of them are going to start YouTube channels, right? And a lot of them have, right? Talking about their, I mean, some have like recorded their layoffs, right? It's brilliant. And it's still like engaging, right? Like, oh my gosh, recorded getting laid off, right? And like people tune in for those. I mean, my chief of staff is an engineer who got laid off. She's a friend of mine who like is so smart, but she just couldn't find a job. And literally three months ago, she, or four months ago, she said, I'm just going to go apply at Starbucks. Like, I just need a job. I need to stop sitting at home all day, like looking at LinkedIn for a job.
30:50So I know how like smart and methodical she is. She's like, I said, just come help me run my business, be my operations. Like she's writing code and building systems for me. I mean, she's so invaluable to me. But you're going to see all these people. And you know, the Gen Zs and even the Gen Alpha coming up, they're so in touch with what they want and what like makes them happy. Like that's why so many kids these days take a job. And then like in three months, they're like, I'm done. this is not for me. Like corporate or, you know, the corporate world or this company is not for me. And they're so comfortable leaving those jobs.
31:27So we're going to see like a real shift in the workplace and especially with AI, right? AI is going to replace a lot of these tech jobs. And so like, I think the number of content creators is going to multiply 10X. And so we are going to need more and more education, right? I'm being asked every other day to like go speak or teach courses, like to educate creators, right? There are big companies who want to spend in this space. Like traditional media and the studios are trying to figure out, like how do we get into this space? The number of Gen Zs, like I just saw the statistics, like who watch YouTube over traditional media?
32:08And Netflix is now considered traditional media, right? And in comparison, like 40 % of Gen Zs watch YouTube every day versus everything else, right? Like you can't even get a kid to go to a movie theater most of the time because they need to have both screens in their hands. And it's just like, my daughter's 13 and she's like that. She might watch a movie once a year. Like if there's a real movie she wants to watch, but most of the time she'd rather stream it at home and like be on her phone at the same time. Like you have to understand what is the market now? Like what does the market want? And the market wants YouTube.
32:41You know, I believe YouTube is the new Hollywood. I believe this is where content is going to be made. And traditional media is not going to go away, right? Movies are still going to be there. But I think, you know, in YouTube, we're going to see, like, in the next 10 years, we'll see Academy Award-winning directors who are getting their start on YouTube right now. You know? And I think that's a very easy statement to make. Totally. You know, it's very funny what you say about the different screens. I saw this picture of definitely so one gen alpha with like a youtube video going on on a tablet while there is a twitch streaming in the back with a connected tv on maybe like again another youtube and then on the phone play a game and it was like multitasking at the you know like a crazy level and and sometimes I cannot do two things at the same time so like I definitely see a new generation I have a lot of thoughts about this, by the way.
33:36I mean, I love, I love the, the kind of like how it equals the loving playing field and how everyone can be a creator. Right. But I think there's going to be heavy taxes on our mental, you know, health and wellbeing by just like being so overstimulated. Right. Like as a parent, it's something that I struggle with. Um, I have to do it myself. Like I have to meditate. I have to really ground myself because I'm doing, I'm pulled 17 different ways. I mean, I have so many verticals in my business. Like I have my law firm, I have my agency, I have my YouTube channel. I'm about to launch a community with, you know, mighty networks.
34:12I have an advisory, you know, like a lot of private equity funds ask me to advise. I'm asking to like do a lot of speaking engagements. You know, I, I have events. I mean, there's just like, and then, and then my law firm should be a full-time job and it is a full-time job so I sleep like four hours a night like but like sleep a little like as a founder in my first year it's like sleep is overrated right yes but I can only I can only kind of keep at this pace for so long but it's like it I think my success or like people say my success is because of it's really there's a pain point here right like I say to a lot of my creators who want to create content like products like figure out what's a pain point that your audience has and then create a product for that.
34:55And I just sort of organically did that, right? Like I saw a pain point, I went to solve for it. And now I realize that the pain point is so big that I can't even service this on my own. I mean, in five years, I see myself having probably a huge company, right? Like where it's like all these people will be helping creators grow out their businesses. Because I think that's, you know, for this to finish out what we're saying about kind of like, Like, where do I see the future? Like, more and more, these top creators will become medium-sized businesses or even large businesses, right? You look at Jimmy, like, he has a$700 million corporation right now.
35:33Yeah. It's going to easily be at a billion dollars soon. Like, there will be more and more as we go in five or ten years. There's going to be more Mr. Beast's out there, I believe. You know, maybe not. I mean, maybe not like completely because we are seeing a shift away from like the big, big views. And there are people who like the slower content. And and I have clients who have one hundred thousand subscribers who make a million dollars a year. Like you don't have to be you don't have to be a huge creator to have a huge impact or a huge business. So I do think as we see more maturing of the space, there will be more businesses that become very attractive to bigger companies, to traditional companies.
36:13Remember, you know, when that wave and like, you know, Disney bought Maker and it's just like they were all buying up these different companies. And so I believe we'll see that a little more happening again. Absolutely. Especially as, you know, as you said at the beginning that you're not your YouTube channel. It's you as a media company, and the more you can diversify your revenue streams, the more you can maximize your revenue, minimize the problem, right? Of potentially being like, okay, what if my videos get shadow banned, right? And you put all your eggs in one basket. That is a problem that many people saw, right?
36:45When there was Vine before, right? And then discontinuing that to move somewhere else. I think that in the years, creators learned that you need to own your audience, you need to create your own community, and you need to diversify the most possible, right? Because, again, if one of your revenue streams one month is down, it's so unpredictable many times, right? And also brings you to burnout, right? We discussed about this in the past, how easy that is. But this was very interesting. I know that we could definitely do three more hours to go over all the different things. And I wanted to thank you, first of all, Congress on everything that you built.
37:25I want to send you, you know, very good vibes for, you know, the different verticals and different things that you're doing as of now. I can see there is a big need for that. And I think that you bet on the right things. So that's something to see. Thank you so much, Alessandro. Teller, is there anything else also that you would like to add on top of the question that we went through today? You know, I think there's something I want to highlight for creators. Well, two things, right? The last thing you said about diversifying. I think that creators should actually diversify the platforms they're on, too, right?
37:58Like, don't just be on YouTube. I mean, I have been growing on LinkedIn, which I think you know, right? Like, I did a 90-day challenge, and that actually was the biggest ROI for me. You know, I have so many CEOs and founders. like some of my biggest clients have actually come from LinkedIn. Like building your personal brand makes you basically, you know, bulletproof, you know, job-proof, future-proof. So diversifying your platform, I think is very important. And the other thing I really wanted to highlight for creators to start thinking about, and I think this is for mid-sized to big, big creators.
38:29Like when you're doing brand deals these days, you should think about asking for equity. You know, Alex Earl with Poppy and Joe Rogan with Carnivore Snacks. And of course, everybody wants to have a, you know, 50 cent vitamin water day with a hundred million dollar exit. Right. But it's possible. Like if you if you find a startup or a brand that you really are interested in and love and you can be a brand ambassador for them and actually help them improve their product, you should ask for equity. You know, 2%, 5%, you know, half a percent even like with a very big exit could be very meaningful.
39:03So I really want creators to start thinking about that. It's something that I do a lot right now for both sides. I actually represent startups giving equity and I represent creators, you know, getting equity. So I spoke to a huge creator at VidCon, like one of the biggest on TikTok. And she was like, I have no idea what this is. Like my managers are not telling me about it. Like I love this. Right. And so she went and told her YouTube manager about it. And then he came and told me how cool it was because he didn't really know about it. So I think it's just something that a lot of people aren't realizing is in the background that brands will offer if you ask for it.
39:38That's the thing. If you have a lawyer who asks for something, you might get it. But if you don't, this is the same with redlining any contract. The company is going to give you the most pared down contract. That's very favorable to them. But if you get an attorney involved and they know what to ask for, then you get a much more negotiated contract that is favorable to you, right? Many times you didn't even know, right, that things exist or that they should be because you're not supposed to, right? Like it's not your job, right? That's why you need an expert. Well, I think creators should realize that, you know, when you hire an attorney, it gives you more time to create, to actually make more money.
40:17like I spoke at Sony Kando a couple weeks ago and there was like a world famous uh photographer uh Paul Nicolin who's like National Geographic right like the top of photographer there he came to my talk and afterwards like he he did a podcast with JVN and he actually called me out because there were a lot of creators in the audience who were like trying to like get my advice so that they could just go do the brand deal themselves but not hire me it was very clear and I you know I'm always like I'm just gonna give you the information I'm not gonna like tell you to hire me and Paul in the podcast said, just hire an attorney, like hire Tyler, right?
40:51Like let her do your, that work so that you can keep creating because there's stuff that you can do that your attorney can't do, but there's things that your attorney can do that you can't do. And a lot of creators think, well, I ran this through chat GBT, so I understand how to negotiate this. And it's like, maybe if he's, you know, if it's not hallucinating, but you also don't have the 10 or 20 years of experience that the attorney has that knows like what could go wrong in a contract or in a deal right so look I'm so happy to be here today thank you so much just like I could talk about this for hours as you can see like I'm so passionate about educating and protecting creators and you know I might be starting my own podcast soon called the seven figure creator so maybe I'll have you on and come you know and talk about your business because I would love to hear about your business absolutely i would love to and uh you know also the podcasting it's definitely an interesting one it's uh you can meet a lot of people you can tell stories and um you just have to again you know put all the piece of the puzzle like together because again as for everything you already do youtube so you know how you know difficult sometimes and time consuming it is right things to do but at the same time i think it's the the barrier are so like you know low these days that literally just a microphone and every you can create that and as you said like Like, you know, who knows, maybe it explodes, right?
42:11And just because of that, with the very low budget, you can get in front of people that actually will find that episode valuable. They will learn something. That's what we try to do on this podcast. It's like, okay, after half an hour, I actually learn things and I'm going to go and Google, right? And I'm going to contact Tyler for this, right? I'm going to say, can you help me with that, right? That's what we try to do here. So again, as I said, you know, earlier, wishing you the best of luck with all the adventures, right? That you're getting on. and for sharing your knowledge with us and the valuable tips because I'm pretty sure that a lot of people listening today, right, on the episode found them very useful.
42:47So again, thank you so much for joining me today on this podcast. Thank you so much. And if I could just ask one favor, if people could follow me on LinkedIn, I'm trying to hit 10 ,000 followers by the end of the year. That's my goal. And so I really appreciate you, Alessandra. Thank you. Of course. We're also going to put the link in the description of the episode so people can just easily click there and all you were there. Thank you. This was the Influence Factor by the Influencer Marketing Factory and I'll see you next week.
From the publisher
In this episode of The Influence Factor, Alessandro Bogliari, CEO of The Influencer Marketing Factory, speaks with Tyler Chou, a leading attorney for creators and Founder & CEO of Tyler Chou Law for Creators.
They explore the shifting dynamics of the creator economy and the legal hurdles content creators often encounter. Tyler shares her journey from Hollywood to specializing in creators' legal needs, highlighting the importance of legal protection, proactive strategies, and creators’ understanding of their rights.
They also cover common legal challenges, the future of the creator economy, and the importance of diversifying platforms and revenue streams.
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Show Notes:
(01:18) - Introduction to Tyler
(06:12) - The journey from Hollywood to creator law
(12:51) - Common legal issues faced by creators
(19:35) - Proactive legal strategies
(29:50) - Future of the creator economy and legal landscape
(37:50) - Diversifying platforms
Check out some of our previous episodes:
- The New Currency of Marketing w/ Raja Rajamannar (CMO of Mastercard)
- Pay Transparency for Creators w/ Lindsey Lugrin
- How To Protect Your Social Media Accounts w/ Liron Segev
- Future of Online Communities w/ Sara Wilson
- Liquid Death's Unconventional Marketing w/ Greg Fass
- Are Brands Adapting to the Changing Role of Creators w/ Desiree Martinez
- The Secrets Behind ESPN's Social Media Success w/ Maxwell Kelley
- Inside Snap's Playbook w/ Brooke Berry
- Trends at META w/ Jackie Pimentel
- Scaling Miss Excel w/ Kat Norton
- What a Creator-Led Brand Looks Like w/ Bryan Reisberg (Maxine The Fluffy Corgi)
- What Does it Take to Succeed as a Creator w/ Nicky Reardon
- From $400 a Day to a Globally Recognized Brand w/ Calum Watson (Gymshark)
- Mastering Money w/ Vivian Tu (Your Rich BFF)
- The Magic of Interfluence w/ Lubna Mohsin-Haque (Estée Lauder)
- Screen to Cart w/ Collette Winn (NBCUniversal)
- The Inside Scoop on Social Media w/ Jasmine Enberg (Insider Intelligence)
- TikTok's Influence w/ Adrienne Lahens & Sofia Hernandez
- Retaining Influence w/ Conor Begley (CreatorIQ)
- From Clicks to Cash: Unleashing the Power of Linktree for Creator Monetization w/ Michael Bolen
- Funding the Creative Journey w/ Aaron DeBevoise (Spotter)
- Swipe Right on OkCupid Success w/ Michael Kaye
- The Art of Social Media Creativity w/ Jon Youshaei
- Exploring the Influence and Impact of Reddit w/ Will Cady
- New Social Media Subscriptions, Super Bowl's Influencers and Content Creators Trips w/ Lia Haberman
- Turning Your Content Into a Customer Acquisition Channel with Daniel Markovits (Creators + Community @ LinkedIn)




