|Born||December 20, 1984|
Livingston, New Jersey, United States
|Known for||Co-founder, Elite Daily|
Gerard Adams (born December 20, 1984) is an American entrepreneur. Adams was co-founder of Elite Daily a news site targeted towards millennials, which sold to the Daily Mail in 2015 for $50 million. He is also a contributor to Entrepreneur Magazine and the founder of Newark, New Jersey start up accelerator, Fownders. Adams is also the host of internet-television series, Leaders Create Leaders.
Early life and education
He graduated from Belleville High School and became interested in the stock market at the urging of his father, who asked him to look up Prudential stock. He spent one semester at Caldwell University before he dropped out to work for an investor relations firm.
In the 2000s, Adams started a stock market forum named StockSpot. The website included a 5-star ratings feature to evaluate writer contributions. Adams claimed he grew StockSpot to $10 million in revenue before the 2008 stock market crash. He founded several other finance-related companies, including an online investor-relations and financial-marketing company, and the National Inflation Association, which educates consumers on economic changes.
Adams said that he took a position in investor relations at nanobatteries firm mPhase to secure investors. Adams pitched the idea to mPhase executives of a real-time demonstration of the mPhase nanobattery, but in front of an audience of hundreds of investors the technology failed to operate.
Adams is a partner in KD Healthcare USA, a medical device company. He also invests in New York City real estate and new housing developments, and has invested in nine different startups. Adams is the founder of National Inflation Association (NIA) along with Jonathan Lebed, who ran several pump and dump schemes on penny stocks. NIA runs "investor relations" for pink sheet penny stocks, and is paid to inflate the value of thinly traded companies.
Adams has said that he was mentored by Tony Robbins. Citing inspiration from Robbins, Adams launched Fownders. The Newark, New Jersey-based non-profit is a mentorship business that focuses on cultivating local startups, with the goal of creating a "startup ecosystem" in the city. Adams modeled the organization after Silicon Valley business incubators.
Adams provided the initial funding for Elite Daily, a news site targeted at millennials, which he co-founded with his interns David Arabov and Jonathan Francis, who were both 19 at the time. By the end of 2013, the company earned $400,000 in profit and averaged 41 million readers monthly. In 2015, Adams, along with his co-founders, sold Elite Daily to DMG Media, which also owns the British Tabloid, The Daily Mail, for $50 million. Elite Daily was later sold by DMG to another holding company, Bustle Digital Group.
Leaders Create Leaders
After the sale of Elite Daily, Adams spent eight months traveling the United States, meeting with and interviewing entrepreneurs and business leaders he found inspiring. His interactions with them led to the creation of his online show, Leaders Create Leaders.
- "Gomes Group, Fownders, building out Newark's emerging silicon city". Jersey Digs. Retrieved February 21, 2018.
- "12 Millennial Entrepreneurs Who Started with Nothing—and Made a Fortune". Reader's Digest. Retrieved September 14, 2018.
- "Millennial Mentor Gerard Adams Dishes on Rise to Top at TEDx NJIT". Huffington Post. Retrieved September 29, 2016.
- "Meet the Millennial HuffPo". Digiday. Retrieved January 29, 2016.
- "How Elite Daily's 20-something founders sold their startup to Daily Mail for ~ $50 Million in cash". Business Insider. Retrieved January 29, 2016.
- "Elite Daily, Content Farm Or Groundbreaking Site For Upwardly Mobile Youngsters? You Decide". TechCrunch. Retrieved January 29, 2016.
- Adams, Gerard. "Gerard Adams". Entrepreneur. Retrieved May 6, 2016.
- "With Fownders, Newark tech star Gerard Adams brings startup aspirations to the neighborhood". Brick City Live. Retrieved February 21, 2018.
- "Fownders: an accelerator for entrepreneurs by entrepreneurs". NJ Tech Weekly. Retrieved February 21, 2018.
- "Leaders Create Leaders Live at the Grammy Museum". WBGO News. Retrieved September 14, 2018.
- "Gerard Adams". The Marilu Henner Show. Retrieved January 29, 2016.
- Strunsky, Steve. "Q&A: Why a tech millionaire built his incubator in Newark", NJ Advance Media for NJ.com, November 27, 2016. Accessed February 21, 2018. "Adams is a 31-year-old Belleville High School grad and Caldwell University dropout, whose father grew up in Newark and worked as a manager at Prudential."
- "Elite Daily Co-Founder Gerard Adams". Official Be You. Archived from the original on February 4, 2016. Retrieved 29 January 2016.
- "Gerard Adams: Episode 278". Farnoosh. Retrieved January 29, 2016.
- "NIA President: Beware of National Food Inflation". Fox Business News. Retrieved January 29, 2016.
- "Buy Lohan, Sell High". The Slate. Retrieved January 29, 2016.
- Jaffe, Chuck. "Stock touts prey on inflation fears". MarketWatch. Retrieved March 30, 2020.
- "Gerard Adams Joins the Real-Time Academy". Shorty Awards. Retrieved January 29, 2016.
- "Real Leaders Create other Leaders". Inc. Magazine. Retrieved September 11, 2016.
- "FOWNDERS IN NEWARK TO STAY AS GERARD ADAMS BRINGS ON PETER YOBO TO HELP STEER COMPANY'S COURSE". NJ Tech Weekly. Retrieved March 1, 2021.
- Force, Adam (March 20, 2019). "How Gerard Adams Sold Elite Daily for $50m and Became The Millennial Mentor". Change Creator. Retrieved July 5, 2019.
- "Elite Daily Raises 15 million and has 40 Million Uniques". Business Insider. Retrieved January 29, 2016.
- "Bustle acquires Elite Daily". TechCrunch. Retrieved November 30, 2018.
- "Leaders Create Leaders". Entrepreneur. Retrieved July 5, 2019.