Let's talk about the elephant in the room

Hey Furlough Fam,

Ophir here, Joe took the week off and is currently vacationing in Mexico so this week I’ll be taking over the newsletter :)

To be honest, I begged Joe multiple times in the past weeks to take some time off. The reason is the elephant in the room - founders burnout.

As a community dedicated to supporting entrepreneurs and startups among others, it's important to be mindful of how common it is for a founder to be burned off.

The thing is that burnout, overstress, and depression are more common than you might think among your fellow entrepreneurs.

In fact, 72% of entrepreneurs participating in the study reported mental health problems.

That’s a HUGE number.

I’ve experienced this shit too.

And to all of you who experience stress, burnout, depression, or that something is off - you are not alone.

The stress on the founder’s shoulders is enormous and if not managed properly it will cause burn-off, mental health issues, and physical health issues.

So the first thing you need to do is remember why you started your business in the first place.

Have you started your business to work 24/7 like crazy?
Have you started your business to become a slave of your own business?
Have you started your business to be critical of yourself all the time?

I bet none of you have planned for that.

So why does it happen?

Founders run in overdrive for long stretches. This results in massive stress on your body and mind. In the beginning, most of us don’t even notice we are stressed, we are just feeling a little off. Small pain here, inefficiency there, trouble sleeping, and so on.

In the beginning, you think, this will go away soon for sure.

It took some time to have them understand everything and finally I believe they’re trained and ready to go…

But when it doesn't, and then you come across more issues as you scale, the stress begins to snowball!

So with all this in mind, remember to be kind to yourself, remember that your business comes second to you, and no founder has been successful by killing himself in the process.

Remember that when you are good, your business will thrive.

Make sure to be mindful of your workload and take action, (like my lil brother Joe) to get yourself in the best place possible, recharge and come back to win.

On my side, thank you for checking in, but I have no burnout anymore.

I have ChatGPT 🙂

As you already know the AI boom is here, and we have been trying to be on top of everything that is happening in this space.

It's crazy to think that we are in the first phase of this revolution which in my opinion is going to change the world in significant ways in the upcoming years.

When ChatGPT was launched it took a few weeks to learn what it can do best, how to utilize its capabilities, and where to incorporate it within our working schedules.

Even with these limitations, the results of working with ChatGPT have been nothing short of spectacular. ChatGPT has created the terms and conditions for a franchising model, website copy for a lot of furlough initiatives, pitches, copy variants to test, help in research, suggestions to improve our business, and more.

In fact, I learn daily that ChatGPT understands Furlough and what we are doing faster than it took me to understand what we want to do here.

As Joe shared in last week’s email there’s a learning curve here.

As you train your own AI you will need to keep feeding it relevant information over time and you will see even better results with ChatGPT's outputs.

For now, these are the sorts of results you can expect when you take the time to train your AI.

Check this out.

As you can see here I needed some back and forth, and it's not 100% accurate if you are not making sure to let it know about mistakes. However, with dedication and correction on your part, this is a beast in the making and will be one of your closest friends when you are online.

And to further explain how massive it is, ChatGPT has learned how to talk to different people while highlighting different services and resources that are relevant to this segment.

Shoutout to Joe for this amazing guide (which I learned a lot from already).

Truthfully, I recommend it to everyone that's interested to read through it so they can level up their AI game for their specific use cases.

With such a game-changing product, and as the leading AI solution in the world at the moment, there have been strong whispers about Microsoft and OpenAI taking over.

Microsoft recently made a power move by announcing the addition of ChatGPT to the Bing search engine.

Does this mean Google takes a hit?

To me the answer is a clear loud NO - the big boys are only warming up.

Why?

Simple, just think that Google acquired YouTube over 15 years ago for $1.6B.

OpenAI was valued at $28B last week and to me, it's clear that if for a second Google was feeling remotely challenged by OpenAI and ChatGPT they would break the bank and acquire it.

This is a trillion-dollar business (online search) we are speaking about, Google will not give it up this fast.

If search is a trillion-dollar business just think how big the AI market will become, and I guarantee you Google and other major players are not going to give up on it.

Why then did Google allow OpenAI and Microsoft to make such a power move in the first place?

It's because they don’t give a shit about ChatGPT and Bing, they are not afraid of ChatGPT technology and they are very confident in their future AI tools. If they were, then they would have already moved to acquire them.

How can Google be so confident?

Well, just a few days ago we heard that Google will be launching BardAI and incorporating its features across Google search products.

Even though the beginning is a little shaky with the famous $100M mistake on the demo, I still have high expectations from this project and from Google’s plan on incorporating AI technology into their services.

Like any current AI model, they are not perfect and have their own flaws. We even experience some limitations in the current version of ChatGPT, including:

This is where BardAI should be significantly more capable than ChatGPT due to the access it has in real-time to all websites indexed by google and to the back end of Google’s ranking algorithm.

More than that, this is the beginning of this AI journey for Google, and as the search giant is looking for domination in the AI space as well, I think there are a lot of hints as to what is planned in the not-too-distant future.

The fact that BardAI and other AI technologies from Google will be able to integrate with Google's suite of products is pushing its AI tech to the top of the line.

Can you imagine the capabilities of a functioning AI module that has access to Gmail, Google Drive with all your files and content, Google search, Google Analytics, Google Adwords, Google tag manager, and more?

Moreover, we can learn from Google’s moves that they are going in that direction. This announcement came in only few weeks back:

To everyone who’s not familiar with Google Optimize - it's a beast of a product and the leading AB testing tool in the world. The fact that Google feels so comfortable to sunset it while going all in on GA4, hints to me that they plan on incorporating more AI models into their analytics suite, as well as marketing suites.

This is sick.

So to me, as Joe stepped down to place ChatGPT as our interim CEO, we will start working hard on BardAI and additional modules to train and get to full speed our next CEO.

This is going to be legendary.

Sababa,

Ophir Gadot

Co-Founder of Furlough

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