#1238 Eric Langan | The Man Building $1 Billion Night Club Empire

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 31 August 2023

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Eric Langan is the President, CEO, & Chairman of RCI Hospitality Holdings. They are a publicly traded company that owns bars, restaurants, nightclubs, and strip clubs. In this conversation, we talk about how this business works, revenue streams, margin, tech products, M&A, the streak of 31 consecutive quarterly cash dividends, private jet, and what they think about the rise of loneliness in young males in America.

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Pomp writes a daily letter to over 250,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/

Transcript

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0:00.0	What's up, everyone? This is Anthony Pompliano. Many of you know me as Pomp. You're listening to the Pomp
0:07.8	podcast, which is my effort to find the most interesting people in the world and sit with them for hours
0:12.7	while I ask questions in an effort to learn. So it would mean the world to me if you would subscribe to the show
0:17.8	on your favorite audio platform, watch episodes on YouTube, and tell your friends and family about the podcast.
0:24.2	My goal is to help millions learn from the world's most interesting people.
0:28.3	So let's get in to today's episode.
0:30.6	Eric Langan is the president, CEO, and chairman of RCI Hospitality Holdings,
0:35.3	a publicly traded company that owns bars, restaurants, nightclubs,
0:38.8	and strip clubs. In this conversation, we talk about how this business works. What are the revenue
0:43.4	streams? How does he think about margin? Why they're building certain tech products? How he thinks
0:48.1	about M&A versus building from scratch? The streak of 31 consecutive quarterly cash dividends.
0:54.0	Why they have a private jet, how he learned to fly,
0:57.2	and what they think about the rise in loneliness among young males in America.
1:02.2	I really enjoyed this conversation with Eric, and I hope you guys enjoy it as well.
1:06.1	Here is my conversation with Eric Langen.
1:09.2	This episode is brought to you by Start Engine.
1:11.8	The biggest fortunes aren't made on Wall Street.
1:14.2	They're made way before startups hit the stock market.
1:17.1	Consider Mike Walsh.
1:18.4	He was just a regular guy, but then he invested $5,000 into Uber.
1:22.1	And that investment money, it grew to a staggering $24.8 million.
1:26.8	Such opportunities were once behind closed doors,
	...

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