Industry Salary Database Opportunity

The idea is to replicate the Levels.fyi salary transparency model in other industries, creating specialized databases for salary information in specific verticals like hedge funds, consulting, banking, or nursing.

Key Points:

• Core Concept:

  • Build anonymous salary databases for specific industries
  • Focus on verticals where salary data isn't currently transparent
  • Can be started with minimal audience using simple tools like Google Forms

• Proven Model:

  • Based on success of Levels.fyi in tech industry
  • People are willing to share anonymous salary information
  • High user interest in accessing this type of data

• Implementation Strategy:

  • Start with simple surveys to collect data
  • Post on industry-specific forums/communities
  • Remove identifying information
  • Publish aggregated, anonymous results

• Potential Extensions:

  • Add job boards on top of salary data
  • Create deeper specializations within industries
  • Focus on specific roles (like product management)
  • Build communities around the data

• Revenue Opportunities:

  • Job board monetization
  • Premium access to detailed data
  • Industry-specific salary reports

• Validation Example:

  • Sam Parr's founder salary survey:
    • Got 300-400 responses from a simple Google Form
    • Posted on Hacker News
    • People were very forthcoming with anonymous information
    • High reader engagement