What is Vertical SaaS And Is It Outpacing Horizontal SaaS?

SummaryIn this engaging conversation, Gavin Savage interviews Nic Poulos, founder and managing partner at Euclid Ventures, discussing the evolution and significance of vertical SaaS. Nic shares his journey from investment banking to becoming a prominent investor in vertical software, highlighting the growing demand for specialized software solutions in various industries. The discussion covers the differences between vertical and horizontal SaaS, current trends in the market, common pitfalls for startups, and the importance of domain expertise in building successful teams. Nic emphasizes the need for founders to deeply understand the problems they are solving and the value of validating customer pain points before seeking investment.TakeawaysNic Poulos is a serial vertical software investor.Vertical SaaS focuses on specialized software for specific industries.The cost to build software has drastically decreased over the years.Vertical software companies often have higher sustainability of growth.Understanding the current solutions in the market is crucial for founders.Domain expertise is essential for success in vertical SaaS.Velocity in execution is key for early-stage startups.Hiring industry experts can enhance communication with customers.Investors look for a deep understanding of the problem being solved.Validating customer pain points before building product is vitalKeywordsVertical SaaS, Nic Poulos, software investment, startup mistakes, domain expertise, team building, venture capital, industry trends, B2B, B2BC software, technology innovation Hosted on Acast. See acast.com/privacy for more information.