LogoPicture AI: Revenue, sale and how it was built
LogoPicture AI (AI pictures with a company logo hidden in them, Georgia): Sold for US$5K, March 2024. Evidence grade D: reported, not verified. Team: 1 founder and 0 employees (Starter Story, December 2023); his wife designed the first website. Launched 30 October 2023; sold 5 months after launch.Added 7 November 2026
- Outcome
- Sold for US$5K, March 2024
- Evidence
- D reported, not verified
- Launch
- 30 October 2023
- Status
- Sold, 5 months after launch
- Team
- 1 founder and 0 employees (Starter Story, December 2023); his wife designed the first website
- Outside funding
- None reported; running costs of about US$40 a month, as the founder stated
- Group
- Photos and portraits
- Main channel
- Launch sites and deal sites
What is not verified
The sale price of US$5,000 rests on one statement: the founder's newsletter of 27 March 2024. The buyer did not publish the price, and no Acquire.com record of the deal was found. The revenue figures (US$621 in the first month, over US$800 in three months, about US$900 in four months) are also the founder's own, but they come from Starter Story and from his newsletter and agree with each other. His pricing arithmetic does not match his revenue: he wrote 2,200 x 2.2 = US$5,000, which is US$4,840, and he did not say where the base of US$2,200 came from, while four months at about US$900 give about US$2,700 a year. A reader could look for a statement by the buyer, or a Lemon Squeezy revenue screenshot. The headline number is grade D: one claim or one estimate, with no second source. Aiolum shows it because the story is useful, and marks it so that it is not mistaken for a verified figure.
LogoPicture AI was a web app that turned a company logo into AI pictures. The logo was placed in the picture as an optical illusion, a shape that the eye sees inside another image, and the archived gallery shows the GitHub logo inside scenes such as a Roman garden, an ocean view and a city landscape. Customers bought credits, prepaid units where one credit is one generated picture. The pictures were made by an image model that ran on Replicate, a serverless GPU platform: it rents a graphics processor only for the seconds that the model runs, so the app had almost no fixed cost.
Igor Kotua, a software engineer living in Georgia (the country), built it alone. It grew out of OctoArt, a free app he made in five hours from the open-source code of another image app, which drew pictures with the GitHub logo; GitHub's own X account shared it. He launched LogoPicture AI on Hacker News on 30 October 2023. He told Starter Story in December 2023 that it made US$621 from 52 sales in its first month. He wrote in his newsletter in February 2024 that it had made over US$800 in three months, and on 27 March 2024 that it had made about US$900 in four months and that he had sold it through Acquire.com for US$5,000.
The sale price rests on one founder statement, so the headline is grade D. The revenue figures come from two publishers and agree with each other, so they are grade C. After the sale the site stopped: an archived copy shows it live on 3 August 2024 and gone from its host on 30 August 2024, and by November 2026 the domain registration had expired. The page also shows earlier companies that sold easy image or design tools and failed.

How much did LogoPicture AI make, and what was it sold for?
Each row shows the evidence grade and the source numbers from the list at the end of this page. The grades are explained in How Aiolum verifies.
| Fact | Value | Grade | How we know | Sources |
|---|---|---|---|---|
| Sale price, March 2024 | US$5,000 | D | Founder's newsletter, 27 March 2024: listed on Acquire.com, second offer accepted, money held in escrow, about 14 days from listing to payment. No second source states the price. | [2] |
| Revenue in the first four months | about US$900 | C | Founder's newsletter, 27 March 2024. It agrees with over US$800 in three months (20 February 2024) and US$621 in the first month (Starter Story, December 2023). | [2, 4, 1] |
| Revenue in the first month | US$621 from 52 sales | C | Founder interview with Starter Story, 16 December 2023. His newsletter of 18 November 2023 says it had crossed US$500 by then. The same interview also rounds it to 50 sales and US$600. | [1, 5] |
| Revenue in the first three months | over US$800 | C | Founder's newsletter, 20 February 2024, the issue in which he put it up for sale. | [4] |
| Revenue per month, March 2024 | about US$100 | C | Founder's newsletter, 13 March 2024: "It still generates ~$100 a month on autopilot". | [3] |
| Sale price compared with revenue | about 5.6 times four months of revenue; about 1.9 times a year at that pace | calc | Calculated: US$5,000 / US$900 = 5.6; US$900 / 4 x 12 = US$2,700 a year; US$5,000 / US$2,700 = 1.9. The founder wrote that he priced it at 2.2 times a base of US$2,200, which is US$4,840; he did not explain the base. | [2] |
| Average sale in the first month | US$11.94 | calc | Calculated: US$621 / 52 sales. The founder gave his average check as US$11. | [1] |
| Visitors and conversion in the first month | 14,000 visitors; 0.37% bought | C | Founder interview. Calculated: 52 / 14,000 = 0.37%; the founder said about 0.4%. He said 60% of launch traffic came from phones, while the page was not yet usable on phones. | [1] |
| Launch night | 4,000 visitors and 9 sales totaling over US$100 | C | Founder interview, about the Show HN post of 30 October 2023, which had 54 points and 57 comments. | [1, 6] |
| Gross margin and running costs | about 90%; about US$40 a month | C | Founder interview. The only cost of a sale was GPU time on Replicate, billed per second. Fixed costs were email, hosting and image storage. | [1] |
| Prices | US$9.90, US$19 and US$39 one-time for 50, 200 and 500 pictures | C | Archived home page, 28 February 2024. The founder gave US$9, US$19 and US$39 in December 2023. | [7, 1] |
| Team | 1 founder, 0 employees | C | Starter Story header. His wife designed the first website. | [1] |
| Outside funding | none reported | C | The founder said it was profitable from the first day. No source mentions investors. | [1, 2] |
| Source code | public GitHub repository, 33 commits, TypeScript | B | Archived repository page, 3 November 2023. The repository answers 404 Not Found on 7 November 2026. | [10] |
| Site after the sale | live on 3 August 2024; "DEPLOYMENT_NOT_FOUND" on 30 August 2024 | B | Internet Archive captures of the home page. The host, Vercel, still answered with that error on 15 January 2025, and the archive records 404 answers until 16 March 2025. | [8] |
| Domain on 7 November 2026 | registration expired | B | The address shows a registrar page: "Domain registration has expired." The secure (HTTPS) connection fails. | [9] |
| Time from launch to sale | 5 months | calc | Calculated: 30 October 2023 to 27 March 2024 is 149 days. | [6, 2] |
How to read this table: a grade C value is a founder statement that agrees with another founder statement in a different publication. The grade D value is one founder statement with no second source. A grade B value is an independent archive record or a page read on 7 November 2026. A "calc" value was computed on this page from the rows above it.
| Plan | Per month, billed yearly (US$) | Per month, billed monthly (US$) | Limit |
|---|---|---|---|
| Starter | 9.90 one-time | 50 pictures; 7-day money-back guarantee | |
| Growth | 19 one-time | 200 pictures | |
| Scale | 39 one-time | 500 pictures |
All three packs were one-time payments for picture credits, with no subscription and no free tier. The home page offered a 7-day money-back guarantee for the Starter pack. In December 2023 the founder gave the Starter price as US$9 and said most users spent only half of their credits.
When did LogoPicture AI launch, and how did it grow?
From a free GitHub-logo toy to a sale on Acquire.com in five months, and the end of the site about five months after that. Each entry carries its grade.
- Before 30 October 2023CKotua builds OctoArt in five hours from the open-source code of an image app called Spirals. GitHub's X account shares it; 4,700 pictures are made. Several people ask for the same pictures with their own logos. [1]
- 30 October 2023CShow HN post: "Web app to generate AI pictures with logos hidden in them". 54 points and 57 comments. The founder said it brought 4,000 visitors and 9 sales in one night. [6, 1]
- November 2023CProduct Hunt launch on a Saturday, 11th place, 700 visitors and 2 sales. A free feature in The Rundown AI newsletter after a direct message with a picture of its logo; the founder wrote that newsletters brought 30 new sales and that revenue crossed US$500. [1, 5]
- 16 December 2023CStarter Story interview: US$621 from 52 sales in the first month, 14,000 visitors, and a goal of US$1,000 to US$2,000 a month. [1]
- 20 February 2024CThe founder decides to sell. He writes that it made over US$800 in three months and calls it a "vitamin" product: nice to have, not a need. [4]
- 13 March 2024CAbout US$100 a month "on autopilot". He has started a new product and received a first offer on Acquire.com. [3]
- 27 March 2024DSold for US$5,000 through Acquire.com, with escrow, about 14 days after listing, as the founder wrote. About US$900 in revenue in four months. [2]
- 4 April 2024CThe founder's next issue announces his new product, Cliplama, a subscription app. [11]
- 30 August 2024BThe last archived live copy is from 3 August 2024. On 30 August the host answers "The deployment could not be found on Vercel." [8]
- 7 November 2026BThe domain registration has expired. The GitHub repository is no longer public. [9, 10]
Why did LogoPicture AI work?
Four causes, in the order they mattered. Each one is a reusable lesson.
A free version found the demand
OctoArt was free and used only the GitHub logo. When GitHub shared it, people asked for pictures with their own logos. The paid product answered requests that already existed, so the founder built only the parts around the model: login, upload, payments and a landing page.
Borrowed audiences at launch
Hacker News (4,000 visitors in one night), Product Hunt (700) and AI newsletters (about 1,400 from the largest one) brought the first sales, as the founder reported. He got the largest newsletter feature for free by sending its founder a picture of the newsletter's own logo made with the product.
One-time packs and per-second GPU costs
There was no free tier and no subscription. The founder said gross margin was about 90%, because Replicate charged only for the seconds the model ran, and most buyers used only half of their credits.
Sell when growth stops
Launch traffic did not repeat, and SEO had only started. After four months the founder wrote that revenue was declining and was about US$100 a month; he listed the app on Acquire.com and sold it in about two weeks.
How it was built
These details come from the founder's interview, his Show HN post, his newsletter and the archived public code. They are grade C, and grade B where the archived code shows them. [1, 6, 10, 7]
- Next.js for both the app and the marketing site, with the shadcn/ui component kit and Tailwind CSS; the public repository was 99.8% TypeScript.
- Supabase for the database, login and file storage.
- Replicate ran the image model on rented GPUs, billed per second. The sources do not name the model.
- Lemon Squeezy took the payments, because the founder could not use Stripe in his country.
- Resend sent the emails. In the first version, the pictures arrived by email two to three minutes after the order.
- Hosting on Vercel. The founder put fixed costs at about US$40 a month.
- For search traffic he generated blog articles with Bulkgenerate and his own OpenAI key, and used TagParrot to get pages indexed by Google.
- A free side tool redesigned a logo with OpenAI's DALL-E 3 and GPT Vision.
- The founder said the first version took about two weeks; in the Show HN post he wrote that he built it in a weekend.
Tools named in the sources
Each one opens its page in the Tools tab, with every story that uses it.
Who tried this before LogoPicture AI, and why did they fail?
Four companies in our database of failed startups sold simple image or design work and failed. The values below are from that database and are not independently verified.
Scoutzie
The promiseCustom design work for businesses from selected freelance designers.
Why it diedLarger marketplaces such as Fiverr and Upwork offered cheaper design, and businesses chose price over a premium service.
Snipshot
The promiseEdit photos in the browser without installing software.
Why it diedTools with more features and free alternatives took its users, and it did not add enough to stay ahead.
Splashup
The promiseOnline photo editing with real-time collaboration.
Why it diedIt was built on Flash as browsers moved to HTML5, and it never found a business model.
Chirply
The promiseGreeting cards with designs crowdsourced from artists.
Why it diedToo few people wanted the product, and it could not keep a steady supply of new designs.
The failed startups come from our database of 1,749 dead startups, retold here in our own words. Its entries are AI-assisted summaries of public sources, so these cards carry no evidence grade.
What changed
The four predecessors sold image or design work that buyers saw as optional or could get cheaper elsewhere. Snipshot and Splashup lost to free tools, Scoutzie lost to cheaper marketplaces, and Chirply found too few buyers. LogoPicture AI had the same weakness: the founder called it a "vitamin" product and wrote that paying even US$9 for the pictures was a problem for people.
What changed is the cost of making the product. A rented image model on a per-second GPU let one person build and launch it in a few weeks with fixed costs that he put at about US$40 a month, and sell it with a profit from the first sale. The low cost also made a fast exit possible: when sales fell, the founder said a buyer paid US$5,000 for the app and its assets within about two weeks of listing. It did not solve the demand problem, and the site stopped about five months after the sale.
Can one person copy LogoPicture AI now?
Yes, as a small first product to build and sell.
Anyone who can write a web app can rebuild this with a hosted image model, a payment provider that sells one-time packs, and a launch on Hacker News and Product Hunt. The founder's own figures show the limit: launch traffic did not repeat, and he said revenue fell to about US$100 a month after four months. Treat it as a way to learn launching and selling, with a clear exit if growth stops.
Where it is still open: Branded pictures for a narrow paying group with a repeated need, such as event organizers, shops that post every week, or agencies, where the pictures are part of regular work rather than a novelty.
- 1Release a free, narrow version first (one logo, one style) and watch whether people ask for their own version.
- 2Charge from the first day with one-time credit packs, so each sale covers its own GPU time.
- 3Launch on Hacker News, Product Hunt and newsletters in the same month, and ask newsletter owners directly with a sample made for them.
- 4Make the landing page work on phones before the launch; the founder said 60% of his launch visitors used phones.
- 5If sales stop growing, list the product on a marketplace for small online businesses such as Acquire.com instead of letting it decline.
What could go wrong for LogoPicture AI?
The risks are the mirror image of the causes above.
What is not verified
The sale price of US$5,000 rests on one statement: the founder's newsletter of 27 March 2024. The buyer did not publish the price, and no Acquire.com record of the deal was found. The revenue figures (US$621 in the first month, over US$800 in three months, about US$900 in four months) are also the founder's own, but they come from Starter Story and from his newsletter and agree with each other. His pricing arithmetic does not match his revenue: he wrote 2,200 x 2.2 = US$5,000, which is US$4,840, and he did not say where the base of US$2,200 came from, while four months at about US$900 give about US$2,700 a year. A reader could look for a statement by the buyer, or a Lemon Squeezy revenue screenshot.
The product ended after the sale
The founder wrote that the buyer planned to rebrand the app. Internet Archive captures show the site live on 3 August 2024 and "DEPLOYMENT_NOT_FOUND" from its host, Vercel, on 30 August 2024 and again on 15 January 2025; the archive records 404 answers until March 2025. On 7 November 2026 the domain registration has expired, and the GitHub repository answers 404. No source says what the buyer earned or why the site stopped. The story is about the founder's five months and his sale.
Competition
Similar stories on this site did better: MakeLogo.ai was sold for US$65,000 in March 2023 (grade C), and Sketch Logo AI reported US$8,400 in its first four months (grade D). A Hacker News commenter on the launch post wrote that the novelty of shapes hidden in AI pictures was already gone for him, and the founder found a competitor charging a subscription for the same service within three weeks of launch.
Dependence on model providers
Every picture was generated by a model running on Replicate, billed per second, and the free logo-redesign tool used OpenAI's DALL-E 3 and GPT Vision. The sources do not name the image model. The first app, OctoArt, was built on the open-source code of another person's image app.
The founder's own marketing
He asked a friend to leave the first comment on his Hacker News post, sent direct messages with custom pictures to newsletter owners to get free features, and generated blog articles with AI for search traffic. The archived home page showed a row of five round user avatars (shown as "LP" placeholders in the saved copy) and the line "1,000+ AI pictures already created"; the founder's 52 sales of at least 50 pictures each by December 2023 make that count plausible.
The founder's other products
His interview and newsletter name OctoArt, aisubmitlist.com and Cliplama, a later app to "Create faceless TikTok videos on autopilot". None of them is part of LogoPicture AI.
Sources
The grade next to each source is the best grade that the source can support. "Read in full" means that the text of the page was downloaded and the numbers were checked in it.
- C Starter Story, 16 December 2023: I Built an AI Logo Maker That Made 50 Sales in My First Month (Igor Kotua, LogoPicture AI)Read in full, from the pipeline's download of 7 November 2026. A founder interview, not marked "Estimated from public sources". Source for the first-month revenue, sales, traffic, prices, margins, costs, tools and team.
- C Weekly Igor #10, 27 March 2024: LogoPictureAI is acquired!Read in full. The founder's newsletter. Source for the sale price, the four-month revenue, the pricing multiple and the sale process.
- C Weekly Igor #8, 13 March 2024: Focus, LogoPicture is getting acquired and coding with AIRead in full. Source for the revenue of about US$100 a month and the first offer.
- C Weekly Igor #5, 20 February 2024: Overworking, trying out acquire.com and structuring ChatGPT outputRead the business update section. Source for the three-month revenue and the decision to sell.
- C Weekly Igor #2, 18 November 2023: The power of newsletters and why SaaS is not always the answerRead in full. Source for the newsletter features, the 30 sales and the competitor with a subscription price.
- C Hacker News, 30 October 2023: Show HN: Web app to generate AI pictures with logos "hidden" in themRead the post and the first comments. Source for the launch date, the points and comments, the tech stack and the novelty comment.
- C LogoPicture AI home page, Internet Archive copy of 28 February 2024Read in full (raw archived page). Source for the prices, the money-back guarantee, the avatar row and the pictures counter.
- B Internet Archive captures of logopictureai.com, October 2023 to March 2025, and the copy of 30 August 2024Read the capture list (CDX) and the raw captures of 30 August 2024 and 15 January 2025, with the archived response headers "x-vercel-error: DEPLOYMENT_NOT_FOUND". Source for when the site stopped.
- B logopictureai.com, read 7 November 2026Read in full. The HTTPS connection failed; the plain HTTP address shows a registrar page saying the domain registration has expired.
- B GitHub repository garrrikkotua/logopictureai, Internet Archive copy of 3 November 2023Read in full (raw archived page). The live repository answered 404 Not Found on 7 November 2026. Source for the public code, the file list and the language.
- C Weekly Igor archive pageRead the list of issues with their dates. Source for the date of the Cliplama announcement.
- C Database of failed startups, local exportLocal export. AI-written summaries, not independently verified. Source for the failed predecessors.
Run this company? Send corrections or a verified figure to aiolum@livyden.com