Hi i need guidance about the project idea?

Hi i want to build a SaaS directory website where i will mention all the newly startups on the website. But i want to make it on the WordPress does any one has the idea and know the similar website.

I have the perfect domain name for this business. (Short, 8 character .com)

Do you think the idea will work i know there is a lot of compition in this niche and have a lot of popular sites but in the start i will list the one categoury products then later i will start expanding it according to the traffic and revenue.