Remember that guy who gave ChatGPT $100 to start a business? It failed miserably. A crypto enthusiast named Jackson Greathouse went viral for partnering with OpenAI’s ChatGPT to start a business with only $100. Despite initial hype and excitement, the venture named Green Gadget Guru failed, leaving behind a defunct website and unanswered questions.
The rise and fall of the $100 business experiment:
The false tweet about giving ChatGPT $100 to make smart investments became an internet sensation. A business was planned called Green Gadget Guru, aimed at sustainable living through affiliate links and ad revenue. Despite initial momentum and $7700 in donations, the project fell apart, with the website eventually becoming defunct.
Lessons learned from the failed venture:
The Green Gadget Guru website was plagued with issues, such as identical product categories and only placeholder text in blogs. Revenue claims were questionable, and updates on the project ceased, leading to speculation and disappointment. This case serves as a cautionary tale about the Gold Rush mentality in technology and the risks of hastily investing in viral ideas.
While the venture may seem like a failure, it gained significant exposure and awareness through social media. This type of exposure is worth way more than $100, as it provided free advertising and a spotlight on the entrepreneur. However, the project’s ultimate failure highlights the importance of execution and careful planning.
In conclusion, the $100 business experiment with ChatGPT showcases the challenges and risks of starting a business with limited resources. It serves as a cautionary tale about the need for thorough planning, execution, and avoiding the Gold Rush mentality. Despite the initial hype and exposure, the Green Gadget Guru venture ultimately failed, emphasizing the importance of sustainable and well-executed business ideas.
