Two enterprising friends, Sal Aiello, and Monica Powers, harnessed the power of AI, specifically ChatGPT, along with a modest investment of Rs 15,000, to birth an AI startup called DimeADozen. The remarkable success of this venture culminated in a lucrative sale for Rs 1 crore. Their inspirational journey serves as a testament to the transformative influence of technology and innovation on people’s lives.
Their remarkable entrepreneurial partnership began at a virtual startup founder meetup event hosted by Y Combinator, a renowned Silicon Valley startup accelerator. The shared vision of Aiello and Powers spurred them into action, and they promptly set the wheels in motion.
With a mere initial investment of approximately $185, the dynamic duo breathed life into their AI project within a mere four days. They initially harnessed ChatGPT for market research and, through trial and error, mastered the art of posing the right queries to extract the AI chatbot’s untapped potential.
With Aiello’s background as a CTO for tech startups and Powers running a branding and design firm named Mascot, they combined forces to create an AI-powered research tool. DimeADozen was born, providing users with a platform to submit their business ideas, expertly interpreted by ChatGPT.
As they refined their creation, the notion of selling their innovative solution became a compelling possibility. DimeADozen swiftly emerged to cater to aspiring entrepreneurs in need of business idea validation. Offering comprehensive reports for $39, the platform outpaced traditional analytics agencies and search engines, delivering rapid results.
In an astonishing seven months, DimeADozen, under the joint ownership of Aiello and Powers, amassed over $66,000 in revenue, given their minimal expenses covering essentials such as web domain and hosting.
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Their entrepreneurial voyage took a significant turn when they brokered a deal last month, selling their entrepreneurial gem for Rs 1 crore to a passionate husband-and-wife team, Felipe Arosemena and Danielle de Corneille. The new owners intend to make DimeADozen their full-time endeavor, with Aiello and Powers remaining as advisors, dedicating approximately five hours a week to the project. As Aiello succinctly put it, “It really does print money.” Their story is a compelling testament to the immense potential of AI-driven innovations and what can be accomplished with a fusion of ingenuity and technology.
