2 friends create startup using ChatGPT & Rs 15,000, sell it later for Rs 1.2 cr!
Two freinds make use of ChatGPT and invest Rs 15000 for creating an AI startup, 'DimeADozen,' which they later sell for an impressive Rs 1.2 crore.
Highlights
- US-based entrepreneurial duo transformed their initial investment of Rs 15,000 into a staggering Rs 1.2 crore ($150,000) within a matter of months
- The said AI-powered tool has been named DimeADozen
In a remarkable entrepreneurial success story, Salvatore Aiello and Monica Powers, two friends based in the United States, transformed their initial investment of Rs 15,000 ($185) into a staggering Rs 1.2 crore ($150,000) within a matter of months. Their journey began at a virtual startup founder meet organized by Y Combinator, a renowned startup accelerator firm. Inspired by their shared passion for innovation, Aiello and Powers joined forces to develop an ingenious AI-powered tool named DimeADozen.
DimeADozen: Revolutionising business idea assessment
DimeADozen is an innovative AI tool designed to assist entrepreneurs in transforming their business concepts into detailed reports. Unlike traditional methods, DimeADozen swiftly evaluates potential investors, consumers, and competitors, offering key insights efficiently. The tool's seamless ability to assess market dynamics and provide comprehensive analyses proved to be a game-changer for budding entrepreneurs.
From startup success to strategic partnership
Within seven months of its inception, DimeADozen generated a substantial revenue of Rs 54.8 lakh ($66,000) for Aiello and Powers. Their groundbreaking creation attracted the attention of Felipe Arosemena, a software engineer, and Danielle de Corneille, a product designer, who acquired the tool for a significant sum of Rs 1.2 crore ($150,000). Despite the acquisition, Aiello and Powers have retained pivotal roles as advisors, dedicating five hours each week to contribute to the tool's growth.
A promising future for DimeADozen
Looking ahead, Aiello expressed optimism about DimeADozen's potential to capture the interest of industry giants such as Salesforce. Their continued involvement as advisors underscores their belief in the tool's transformative capabilities. As DimeADozen continues to thrive under its new ownership, it stands as a testament to the power of innovation and collaboration in the ever-evolving landscape of artificial intelligence-driven entrepreneurship.
