Good morning. As a founder, I've learned that success in the ever-evolving startup world hinges on cultivating the right mindset. The entrepreneurial journey is full of challenges and opportunities, and embracing change and innovation has been key to navigating it. Every experience offers valuable lessons, reshaping my approach and driving growth. Let's explore what it takes to thrive as a founder today.

In today's AI Simplified:

• 7 habits of a successful founder in 2024 and beyond
• Meta adds chatbots to Instagram
• Canva acquires Leonardo for AI
• Tweet of the week - 8.5 hours with Musk & Neuralink
• AI-Powered ad optimization

An entrepreneur's perspective

7 Habits of a Successful Founder in 2024 and Beyond

(For those who are just starting out and seasoned founders alike)

1. Prioritizing Mental & Physical Health

• Regular gym visits (4 times a week) and weekly therapy sessions
• Incorporating meditation for mental clarity

2. Embracing Limitless Learning

• Quarterly learning goals
• Continuously building foundational knowledge in key areas

3. Mastering Time Management

• Valuing your time at $2k/hour+
• Delegating tasks that don't meet this ROI, in business and personal life

4. Strengthening Network Growth

• Connecting with top minds in relevant fields
• Building relationships with investors and advisors over time rather than quick pitches

5. Seeking Candid Feedback

• Treasuring feedback from co-founders, board members, family, and coaches
• Viewing feedback as a chance to grow, not taking it personally

6. Hands-on Leadership

• Directly engaging in key initiatives, and delivering research, ideas, documents, design and code
• After successful project launches, zooming out to normal routines

7. Building a Personal Brand

• Regularly engaging with customers, users, investors, on social media
• Sharing experiences and learnings openly

(And here’s something extra)

Adapting as Needed

• Understanding that it's okay to modify these habits
• Flexibility is key in the dynamic world of startups

In the world of startups, there's no one-size-fits-all approach.

Your thoughts? Which of these habits do you resonate with the most (1-7)?

News

1. Meta's AI Studio Brings Chatbots to Instagram

   Meta has launched AI Studio, allowing businesses to create custom chatbots on Instagram, enhancing customer engagement with AI-driven technology.

   Why it matters?

   Solopreneurs can use AI Studio to automate customer interactions, providing instant responses and engaging followers without needing a dedicated support team. This helps them maintain a strong presence on Instagram while focusing on other business tasks.

2. Canva Boosts AI Capabilities with Leonardo Acquisition

   Canva has acquired Leonardo to enhance its design platform with generative AI, providing users with new creative tools and features.

   Why it matters?

   Agencies benefit from Canva’s new AI tools by creating high-quality designs faster and more efficiently, enabling innovative campaigns and improving client satisfaction with standout creative work.

Tweet of the week

Lex Fridman just dropped an epic 8.5-hour podcast with Elon Musk and the Neuralink team. We’re in for quite an exciting time…

Tool of the week

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Liked this edition of AI Simplified? Feel free to share this email with your network if you find it useful. Thanks!

Regards, Arto

Co-founder/CEO at 10Web.io

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