Business idea · SaaS
Professional Communities
Professional Communities is a platform that creates professional communities for various industries, allowing members to connect, share experiences, and exchange leads without competition. It was pitched on My First Million in the episode "The 2 businesses AI can never make obsolete" (aired November 4, 2026). How it makes money: Membership fees, potentially supplemented with sponsorships from industry-related businesses.
At a glance
| Podcast | My First Million |
|---|---|
| Hosted by | Sam Parr and Shaan Puri |
| Episode | The 2 businesses AI can never make obsolete |
| Aired | November 4, 2026 |
| Category | SaaS |
| Real companies on the episode | White Coat Investor, NADA 20 Group, Moda Communities, Collectible Crypt |
The problem it solves
Professionals often struggle to find networking opportunities that are both supportive and non-competitive, which can limit their business growth.
How it makes money
Membership fees, potentially supplemented with sponsorships from industry-related businesses.
Skills you need
Community management, marketing, event planning, and networking skills.
The market, and why this works now
Most professionals underestimate the value of non-competitive networking. Platforms like LinkedIn have shifted user expectations toward community-driven interactions, creating a ripe environment for specialized professional communities. A strong first-revenue move could involve promoting membership through industry-specific Slack groups, such as On Deck, where potential members actively seek collaborative environments. Founders will face a significant technical hurdle in building a user-friendly platform that integrates seamless communication features and ensures privacy, which could delay initial adoption and revenue generation.
Our analysis, written after the episode. Not a quote from the show.
Real companies discussed on this episode
- White Coat Investor
An online community and resource for doctors and medical professionals to discuss personal finance and investment strategies.
- NADA 20 Group
A peer group consulting service for auto dealers that facilitates sharing and learning from each other's profit and loss statements.
- Moda Communities
A company that runs Facebook communities focused on buying and selling luxury items like watches, cars, and jewelry.
- Collectible Crypt
An app that allows users to buy, sell, and trade collectible cards using a buyback model to incentivize purchases.
Where this idea came from
Podcast: My First Million, hosted by Sam Parr and Shaan Puri
Episode: The 2 businesses AI can never make obsolete
Aired:
Summarized from the episode transcript. The show does not say which speaker raised each idea, so we credit the show, not a person.