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Great, I need something to help me design a logo easily. You could even guilt-charge me $1 once I click SAVE.

However it isn't going to work as is. You need to show all fonts immediately. As a user, and potential paid user, I do not want to click endlessly.

Agreed, being able to see multiple variations of the logo simultaneously would be nice.

I could see myself paying somewhere between $1-$5 for a zero-effort placeholder logo like this.

Instead of a dropdown, make it a radio menu that changes on click. It'll make it more usable!