Here's your Forbes Daily Briefing for Monday, June 16th.

Today on Forbes, the unlikely group getting rich off Dave's Hot Chicken's $1 billion deal.

Bill Phelps, the 69-year-old CEO of Dave's Hot Chicken, who joined the Los Angeles-based

spicy chicken chain in 2019 after leading Blaze Pizza

and Wetzel's pretzels is sitting next to his second-in-command Dave's president and C-O-O-Gim Bidix,

another Blaze alumnus, on one side of a large conference room table in Forbes's Jersey City office.

On the other side of the table are two of Dave's four co-founders,

33-year-old Armand Oganessian and 34-year-old Dave Capuchian, who look like they're on their way

to or from a big night out. Capuchian, a cook who is the brand's namesake, is coolly dressed in

a white t-shirt and blue-washed jeans covered in

black stars. Ogonesseon, meanwhile, dons a bright pink and orange Versace silk shirt,

matching pink sunglasses, and an Hermes belt with shorts, his arms and legs exposed to show

intricate tattoos. Though both claim no mischief the night prior, the duo have plenty to

celebrate. Their visit to Forbes is the last stop on a whirlwind two-day press tour following the

June 2nd announcement that Dave sold 70% of its business to Roar Capital, the private equity

giant that owns Subway, Duncan, and Buffalo Wild Wings,

among other restaurant brands, at a $1 billion valuation. After the interview, they're hopping

on a private jet from Teterboro Airport back to Los Angeles. Davis was founded in 2017 by

Oganessian, Kopushian, and brothers Tommy and Gary Rubinian.

All four were children of Armenian immigrants who grew up together in East Hollywood, and they

were all high school dropouts. They started the business as a pop-up in a parking lot near

where they grew up. Their cayenne-coated Nashville-style chicken, which comes in six different spice levels,

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