The Ledger
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Underpricing a startup listing can attract buyers and increase bids
“You can probably even like under price a little bit, To get more buyers and then negotiate to like push it up sort of.”
MakeLogo.ai's MVP had no backend and was fulfilled manually
“So I just made like a HTML landing page with a type form and that's it. No backend. Basically people were paying and I was manually using the AI model to generate the logo and sending it by email. So that was my MVP.”
Jeanne: MakeLogo.ai won Product of the Day on Product Hunt
“So I just launched on product and then it totally blew up. I ended up product of the day. I think.”
Jeanne: MakeLogo.ai made over 1,000 sales on Product Hunt launch day
“And I made like, I don't know, 1000 of sales, more than 1000 of sales directly from this day because of the, there is always the spike and”
Jeanne sold MakeLogo.ai for $65,000 after listing at $49,000
“So he made me the offer, the final offer. So it was 65,000. And yeah, I was like, damn, that seems unreal. Like, What happened in here? Because I listed it for at first 49 thousand. Then I increased to 50. And yeah, then he offered me like 65.”
Jeanne learned to code at age 25 in May 2022
“So I'm Nico, I'm 25 years old, and I learned to code in May from last year, so twenty-twenty-two.”
Early MakeLogo.ai MVP made 10 to 12 sales on Twitter
“And yeah, I got like, I think I got 10 or 12 sales from it.”
Jeanne listed MakeLogo.ai on Acquire.com at a 2.5x revenue multiple
“And I decided to list it for 2.5 X revenue which isn't much, but I thought there's a lot of things to improve on the app. So I feel that's a fair price because it's not like a like a proven track record of like one year of stability is just three months of sta…”