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Luke Sophinos

👤 Person
378 total appearances

Appearances Over Time

Podcast Appearances

The Startup Ideas Podcast
How to build a $1M+ vertical SaaS business (step-by-step guide)

You typically see one or the other when you dig into these industries. The third thing you see, and I promise you, and people fight me on this, but I promise you, you see paper processes still. And it's 2024, I know you're gonna be like, Luke, you're out of your mind, I don't believe you. We still see at trade schools a bunch of paper processes in some of these areas.

The Startup Ideas Podcast
How to build a $1M+ vertical SaaS business (step-by-step guide)

But when you look at competition, it's important not to just search like trade school software, right? Like you have to look after you map out how these businesses operate A to Z, you have to look at each of these buckets and understand like what are they actually doing in each of these key areas, right?

The Startup Ideas Podcast
How to build a $1M+ vertical SaaS business (step-by-step guide)

But when you look at competition, it's important not to just search like trade school software, right? Like you have to look after you map out how these businesses operate A to Z, you have to look at each of these buckets and understand like what are they actually doing in each of these key areas, right?

The Startup Ideas Podcast
How to build a $1M+ vertical SaaS business (step-by-step guide)

But when you look at competition, it's important not to just search like trade school software, right? Like you have to look after you map out how these businesses operate A to Z, you have to look at each of these buckets and understand like what are they actually doing in each of these key areas, right?

The Startup Ideas Podcast
How to build a $1M+ vertical SaaS business (step-by-step guide)

And that's where you start to see interesting things coming because you'll say, oh my gosh, they're doing all their academics portion on paper, right? Or they're doing all their placement stuff with horizontal solutions. And this is right for a vertical component or all their compliance is like outsource, right? To some consulting shop. This is how you actually identify and uncover opportunities.

The Startup Ideas Podcast
How to build a $1M+ vertical SaaS business (step-by-step guide)

And that's where you start to see interesting things coming because you'll say, oh my gosh, they're doing all their academics portion on paper, right? Or they're doing all their placement stuff with horizontal solutions. And this is right for a vertical component or all their compliance is like outsource, right? To some consulting shop. This is how you actually identify and uncover opportunities.

The Startup Ideas Podcast
How to build a $1M+ vertical SaaS business (step-by-step guide)

And that's where you start to see interesting things coming because you'll say, oh my gosh, they're doing all their academics portion on paper, right? Or they're doing all their placement stuff with horizontal solutions. And this is right for a vertical component or all their compliance is like outsource, right? To some consulting shop. This is how you actually identify and uncover opportunities.

The Startup Ideas Podcast
How to build a $1M+ vertical SaaS business (step-by-step guide)

It's not Google searching like, restaurant software.

The Startup Ideas Podcast
How to build a $1M+ vertical SaaS business (step-by-step guide)

It's not Google searching like, restaurant software.

The Startup Ideas Podcast
How to build a $1M+ vertical SaaS business (step-by-step guide)

It's not Google searching like, restaurant software.

The Startup Ideas Podcast
How to build a $1M+ vertical SaaS business (step-by-step guide)

Yeah, I like AI for the search component. We'll use ChatGPT to just try to do a lot of the desk research piece of it. But my view of AI today is that a lot of this information we're talking about, it's more like research reports and analyst reports. And so AI would be great for the revenue size of the market, the segmentation of the market.

The Startup Ideas Podcast
How to build a $1M+ vertical SaaS business (step-by-step guide)

Yeah, I like AI for the search component. We'll use ChatGPT to just try to do a lot of the desk research piece of it. But my view of AI today is that a lot of this information we're talking about, it's more like research reports and analyst reports. And so AI would be great for the revenue size of the market, the segmentation of the market.

The Startup Ideas Podcast
How to build a $1M+ vertical SaaS business (step-by-step guide)

Yeah, I like AI for the search component. We'll use ChatGPT to just try to do a lot of the desk research piece of it. But my view of AI today is that a lot of this information we're talking about, it's more like research reports and analyst reports. And so AI would be great for the revenue size of the market, the segmentation of the market.

The Startup Ideas Podcast
How to build a $1M+ vertical SaaS business (step-by-step guide)

More of these higher level pieces that a research company would put out. I think AI isn't going to do a great job yet on what is every single step of the workflow for a bank.

The Startup Ideas Podcast
How to build a $1M+ vertical SaaS business (step-by-step guide)

More of these higher level pieces that a research company would put out. I think AI isn't going to do a great job yet on what is every single step of the workflow for a bank.

The Startup Ideas Podcast
How to build a $1M+ vertical SaaS business (step-by-step guide)

More of these higher level pieces that a research company would put out. I think AI isn't going to do a great job yet on what is every single step of the workflow for a bank.

The Startup Ideas Podcast
How to build a $1M+ vertical SaaS business (step-by-step guide)

Let's try it. Let's see what it looks like.

The Startup Ideas Podcast
How to build a $1M+ vertical SaaS business (step-by-step guide)

Let's try it. Let's see what it looks like.

The Startup Ideas Podcast
How to build a $1M+ vertical SaaS business (step-by-step guide)

Let's try it. Let's see what it looks like.

The Startup Ideas Podcast
How to build a $1M+ vertical SaaS business (step-by-step guide)

Let's do, why don't we try the machine shop example? Okay, let's do it. Yeah, why not? So first question I'd ask it is like, tell me about the market size in the United States for machine shops.