Two friends, Salvatore Aiello and Monica Powers, met at an online event and created an AI tool called DimeADozen. They spent $185 to make it and sold it for $150,000. Even after selling it, they continue to help the tool grow. Lesson learned: small ideas can turn into something big!
2 Friends Built AI Tool for $185 Using ChatGPT, Sold It for $150,000
Salvatore Aiello and Monica Powers, two friends who met at an online event by Y Combinator, turned a small investment of $185 into a big success. They created an AI tool called DimeADozen, which helps businesses test new ideas. In just seven months, it generated $66,000 in revenue. They eventually sold the tool for $150,000 to Felipe Arosemena and Danielle de Corneille, but Salvatore and Monica continue to be involved as advisors, working five hours a week to improve the tool. They hope that big companies like Salesforce will recognize the value of DimeADozen.
The lesson here is that a small idea can lead to something significant, and you don’t always need a lot of money to start. Even after selling your idea, you can still play a role in its growth, just like Salvatore and Monica.
Practical AI Solutions for Your Company
If you want to evolve your company with AI and stay competitive, consider the following steps:
- Identify Automation Opportunities: Locate key customer interaction points that can benefit from AI.
- Define KPIs: Ensure your AI initiatives have measurable impacts on business outcomes.
- Select an AI Solution: Choose tools that align with your needs and offer customization.
- Implement Gradually: Start with a pilot, gather data, and expand AI usage judiciously.
For AI KPI management advice, connect with us at hello@itinai.com. And for continuous insights into leveraging AI, stay tuned on our Telegram channel t.me/itinainews or follow us on Twitter @itinaicom.
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