Why Construction Is The New Hotbed Of Tech Innovation| Omar El-Ayat, General Partner at Euclid Ventures

Bricks And Bytes

Join us as Omar El-Ayat, general partner at Euclid Ventures, takes us on a journey into the exciting world of vertical SaaS - and explains its phenomenal impact on the construction industry. Discover how purpose-built software is tackling age-old challenges in construction, helping businesses overcome fragmentation and streamline complex processes.

Plus, hear why investing in founders with deep domain expertise is crucial, the importance of addressing critical "hair on fire" problems, and how new technologies like generative AI could influence the next wave of innovation.

Key Takeaways:

• Understand how Vertical SaaS differs from horizontal software and why it's essential for the construction industry.
• Learn the importance of domain expertise and industry connections in fostering successful Vertical SaaS ventures.
• Discover the significance of addressing acute pain points ("hair on fire" problems) to drive technology adoption.

Tune in to uncover how Vertical SaaS is not just a trend but a transformative force in the construction industry!

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This episode is brought to you by Shft—helping contractors like you leverage BIM to secure a leading position in the race towards construction’s digital future.

Visit: https://maketheshft.digital

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BuildVision is a procurement network for the $5T commercial construction market. We are transforming the commercial construction supply chain by bringing contractors, manufacturers, and project stakeholders onto a single software platform—revolutionizing how every component is sourced, purchased, and financed.

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Timestamps:

(0:00 - 2:14) - Intro to Guest and Sponsor

(2:14 - 9:30) - Omar's journey as a Venture Investor

(9:30 - 14:15) - How To Spot Large Underserved Industry For Investment

(14:15 - 15:40) - What Is Vertical SaaS

(15:40 - 24:10) - Omar's Approach to Industry where He Is Not An Expert At

(24:10 - 32:27) - Recurring Challenges While Selling In Construction

(32:27 - 48:30) - Omar's Views on Go-To-Market In Construction

(48:30 - 56:20) - Importance of AI while choosing Startups In Vertical Startup

(56:20 - 58:36) - Importance of Profitability While Investing In Startups

(58:36 - 01:10:52) - Learnings Omar's Learned Building Euclid Ventures

(01:10:52 - 01:11:31) - Outro