Kevin Mayer: ex-Disney exec, ex-TikTok CEO making comeback as investor - Business Insider

Mayer's involvement with Moment House stands as a seed investor among many high-profile ones helping the new platform get off the ground.Through a spokesperson, Moment House CEO Arjun Mehta told Business Insider that Mayer "believes in the vision of Moment House and believes the team can execute this digital experience." His monetary support behind the startup is "great validation from someone that deeply understands media," the spokesperson said.Mayer was unable to be reached for comment.Mayer's name has also been linked to other investment projects beyond Moment House in the less than two months since he resigned from his unusually public role at TikTok. Recent filings with the Securities and Exchange Commission listed Mayer as a strategic adviser for a new company trying to raise money in the media and entertainment space. As ByteDance executives held negotiations in the multi-billion bidding war, Mayer was reportedly left out of the decision-making process altogether."As the political environment has sharply changed, I have done significant reflection on what the corporate structural changes will require, and what it means for the global role I signed up for," Mayer wrote in a company-wide email to employees."I understand that the role that I signed up for — including running TikTok globally — will look very different as a result of the US Administration's action to push for a sell off of the US business."Now less than two months since Mayer's resignation, TikTok still remains in a state of purgatory.