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

Two budding entrepreneurs and friends took help from ChatGPT and build a startup. They had only Rs 15,000. As per CNBC, Sal Aiello and Monica Powers, took a small investment of around $185 and the help of ChatGPT, turning it into a successful AI startup that they later sold for an impressive $150,000. Their journey showcases how technology and innovation can truly transform lives.

Sal Aiello and Monica Powers met at a virtual startup founder meetup event hosted by Y Combinator, a famous Silicon Valley startup accelerator. They shared a vision and decided to work together during their free time, and they wasted no time in getting started.

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In just four days and with an initial investment of about $185, they gave life to their AI project. Their early approach involved using ChatGPT for market research. By refining their methods and learning how to ask ChatGPT the right questions, they began to see the untapped potential of this AI chatbot.

With Aiello’s experience as a CTO for tech startups and Powers running a design and branding company called Mascot, they decided to create an AI-powered research tool. This tool allowed users to input their ideas into a form, which ChatGPT would interpret effectively.

As they worked on their creation, the thought of selling it crossed their minds. They quickly launched their brainchild, DimeADozen, to cater to aspiring entrepreneurs looking to validate their business ideas. DimeADozen offered comprehensive reports for $39, delivering results much faster than traditional analytics agencies or search engines.

In just seven months, DimeADozen, co-owned by Aiello and Powers, generated over $66,000 in revenue. Their expenses were minimal, including $150 for the web domain and $35 for hosting and a database, so most of their income turned into profit.

Their journey took a significant turn last month when they sold their side hustle for $150,000 to Felipe Arosemena and Danielle de Corneille, an enthusiastic husband-and-wife team. They plan to make DimeADozen their full-time project.

Aiello and Powers will stay on as advisors for the company, dedicating about five hours a week to the project. As Aiello put it, “It really does print money.” Their story demonstrates the incredible potential of innovative AI-driven ventures and what can be achieved with the right mix of creativity and technology.