Sign up to save tools and stay up to date with the latest in AI
bg
bg
1

Two friends used ChatGPT, Rs 15,000 to build AI startup later sold it for Rs 1 crore

Oct 23, 2023 - indiatoday.in
Sal Aiello and Monica Powers, two entrepreneurs, used the AI Chatbot, ChatGPT, and an investment of Rs 15,000 (around $185) to establish a successful AI startup named DimeADozen. The startup, which was created in just four days, uses ChatGPT to interpret user inputs and provide comprehensive market research reports. In seven months, DimeADozen generated over $66,000 in revenue with minimal expenses.

The duo recently sold their startup for $150,000 to Felipe Arosemena and Danielle de Corneille, who plan to make it their full-time project. Aiello and Powers will continue as advisors, dedicating about five hours a week to the project. Their journey illustrates the potential of AI-driven ventures when combined with creativity and technology.

Key takeaways:

  • Sal Aiello and Monica Powers used the AI Chatbot, ChatGPT, and an investment of Rs 15,000 to establish an AI startup called DimeADozen.
  • They used ChatGPT for market research and created an AI-powered research tool that interprets user's ideas effectively.
  • In just seven months, DimeADozen generated over $66,000 in revenue and was later sold for $150,000 to Felipe Arosemena and Danielle de Corneille.
  • Aiello and Powers will stay on as advisors for the company, dedicating about five hours a week to the project.
View Full Article

Comments (0)

Be the first to comment!