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- Startup Sphere Weekly #70
Startup Sphere Weekly #70
Build this AI tool selling for $1,000,000.
Welcome back to Startup Sphere 👋
Thanks to everyone who reached out for access to the business intelligence tool I’m building. I’ll be sending out early access this month! If you’re interested, reply to this email, and I’ll put you on the early access list.
Let’s get into this week’s rundown ⤵️
Big Idea
Help users discover and claim money from class action lawsuits
$755K TTM revenue | $687K TTM profit | $1.4M asking price
This seems like such a fun idea, with a clear appeal to consumers (make more money by filing for class action lawsuits). The app is only 8 months old and has already grown to 30,000 downloads per month. I can imagine this would go viral and convert well on short-form video platforms. I assume this app scrapes some sort of government database, maybe pacer.gov?
Build, Don’t Buy
AI-powered quiz study tool
$191K TTM revenue | $189K TTM profit | $1M asking price
I’ve seen a lot of tools similar to this one. On one hand, the market is pretty saturated; on the other hand, this is a proven business model. I wouldn’t say this business is worth $1M, since you can build an MVP and test this concept pretty quickly. Coconote is an example to look into. This business is built with Python and https://flutter.dev/.
Micro Acquisitions
Thanks again for tuning in! If you have a friend who would like this newsletter, forward it to them 🙂
Till next week ✌️
— Vlad
