Sold Their 3-Month-Old Side Project For $30,000

Vatsal SanghviCo-founder of VisualizeAI $30,000 sale price
Published December 8, 2023 by Fardeen KhanReviewed and edited by Niall Doherty

Vatsal Sanghvi is the co-founder of VisualizeAI, a tool that helps architects and interior designers visualize their sketches, prototypes, and designs

Vatsal recently wrote on Reddit…

Our three-month-old AI-based Design tool – VisualizeAI was acquired for $30K in July this year.

He adds…

I have been tinkering around with Generative AI ever since I got my hands on text-to-image models last year… Earlier this year, I came across something called ControlNet and was amazed by what it could do.

(ControlNet is a neural network that gives you granular control over image generation in Stable Diffusion.)

So…

We built out the first version in 5 days and got our first paying customer in the next couple of days… This gave us early validation.

Looks like they got initial traction by sharing it on multiple AI directories and a successful Product Hunt launch.

Vatsal adds…

In three months, We got
22k+ Visitors
7K+ Users
$1500 in Revenue & $500 in MRR
All without spending a single $ on marketing

Pretty good outcome, especially given that these guys were just following their curiosity and launched the project in 5 days

Then came the sale…

We were approached by an upcoming Canada-based estate tech Startup that was interested in a potential collaboration or an acquisition.

They ended up selling for $30,000

Writing up this newsletter every week, I notice patterns, and this is a common one: someone playing around with new tech just for the fun of it, ends up developing a rare skill and turning that into a successful business.

With that in mind, could you carve out some time to play around with some new tech you’re interested in?

First time seeing our Online Money Maker profiles? Click here for a quick intro.

The goal of our Online Money Maker profiles is to show you all the different ways people make money online. We strive to ensure that each profile is realistic – no hype, no scams – so you can see what it really takes to build each type of business.

If you'd like to hear when we publish new profiles, subscribe to our free newsletter below. Each edition is packed with tips, insights and opportunities to build your online business. We send it out every Tuesday and Friday to 15,569 legendary subscribers.

Sign up to get the next edition of eBiz Insider delivered to your inboxHP

We'll first send a confirmation email to make sure it’s you
Check out our privacy policy to see how we protect and manage your data.

See our latest profiles of Online Money Makers


Learn more about income claims and estimates on this website

Our goal at eBiz Facts is to give you accurate information about online business so you can gain clearer insights, make better decisions, and achieve your own success.

With that in mind, we strive to ensure the accuracy and transparency of the income claims and estimates that you see on this website.

Here’s how:

We treat all income claims we find online with skepticism.We don’t report incomes that seem especially controversial or unrealistic.We cite our sources and/or share our calculations so you can see where the numbers come from.If there are uncertainties about an income claim or estimate, we tell you what those are.

If you see an income claim or estimate that seems off, please tell us so we can fix it.

Is this kind of business right for you?

Check out our framework to see the 19 types and 6 levels of online business, and discover which is best for you.

Other ways to make money online

There are many other ways to make money online, to work from home or anywhere in the world.

Full list of ways to make money onlineMore profiles of online money makers Subscribe to eBiz Insider

Every Tuesday and Friday we email 15,569 people like you with top tips, insights and opportunities to build your online business. No hype, no scams, no fake gurus. Sign up below to get the next one.

HP

We'll first send a confirmation email to make sure it’s you
Check out our privacy policy to see how we protect and manage your data.