Nerd Nite

I'm OBSESSED with this business. I've been following them for over a year - way before they blew up. What it is: - Professors and experts giving lectures inside bars - Topics ranging from psychology to astrophysics to philosophy - Tickets are $40, and you get to meet other people and learn something new The appeal is clear - you show up, grab a drink, learn something new, and meet curious like-minded people After a month of trying, I still haven't been able to snag a ticket. It's constantly sold out From what I can tell, the whole thing is bootstrapped They run 300+ events a year They likely don’t pay venues anything Tickets are $40 And with the right team, this becomes a beautifully efficient business I don't know the owners, but I'm guessing they're doing $2M-$3M in revenue at ~80% gross margins. It's an amazing lifestyle business. But when you scale this nationwide, it can easily become a $20M+ business And more importantly, I believe this is what the future of IRL experiences looks like People are tired of digital everything They want in-person, physical, analog - real events with real people Events like this are going to explode in the next few years. Hundreds will pop up. And I think there might even be a venture-scale opportunity here