Salvatore Aiello, co-founder of DimeADozen, explains how early-stage founders should validate product demand before spending time building.
Assertion Not checkable as stated
Aiello: DimeADozen refunds were virtually non-existent
“And, you know, I'll tell you, our refunds were near non-existent. Truly non-existent, because whatever you get out of it, even if you get one nugget out of it, when you love your baby, okay, all right, this seems okay, this seems interesting, and then you read…”
Insight
Aiello: Founders estimating a product is 80% complete are actually 20% done
“I like to say that in the eighty-twenty rule, whatever side of the eighty-twenty rule in terms of timeline you think you're on the other side. So when you're building your product and you think you're 80% done, you're only 20% done. Whatever side of eighty-twe…”
Assertion Supported
Aiello: DimeADozen sold for $150,000
“The amount we sold for, right, it's, I think it's public at this .6 figures, 150,000.”
Disclosure
Aiello: DimeADozen was built and launched in three to four days
“So then we took three days, four days, wrapped up all the prompts we put together and all the research and launched the site.”
Assertion Not checkable as stated
Aiello: DimeADozen generated roughly 80,000 business reports
“I mean, we've generated, I don't know, I think they're up to 80,080 thousand business reports for these people, you know, a good percent of those paid, meaning they got the full forty-page report and not just the initial report.”
Disclosure
Aiello: DimeADozen generated up to $40K in three months with broken MVP
“We launched it in four days. I hated that website and Lord knows she did too, as a designer and product designer. It was a disaster, and it was, we have no user authentication. Add 50 different fonts, 30 different margins. Our landing page looked terrible. Obv…”