Gerard Adams 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 Jerseystart up accelerator, Fownders. Adams is also the host of internet-television series, Leaders Create Leaders. Adams is the founder of National Inflation Association 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.
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. However, according to Adams, 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 was a celebrity judge for the 2016 Shorty Awards. 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.
Elite Daily
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.
