At thirty-two, New Jersey native Gerard Adams has already created a website with more than 41 million readers, is worth over $20 million, and was included on Silicon Valley’s top 100 list in 2014.
Adams started out fast and early. He dropped out of Caldwell University to work with investor firms. His interest in finances combined with his entrepreneurial attitude led him to a big problem with online financial websites. Although he often used sites like Raging Bull and Silicon, he noticed a giant problem with them: the writers lacked credentials.
He took his observations into account and went on to found his first project, a site called StockSpot. It included rating systems and forums as a way to keep writers accountable and rate them. He went on to several other finance related projects. Some grew and were successful, some completely failed, but from all of them he learned something. The wealth of knowledge he accumulated manifested itself into his most successful project yet. In 2012 he provided the funding for, and co-founded Elite Daily. The lifestyle website was a hit from the get-go. Within its first year it gained millions of readers, and took in over $400,000 in profit.
David’s entrepreneurial skill was greatest in one aspect, he could recognize both good and bad things almost immediately. This mindset helped him quickly identify issues he had, and who he wanted to help solve them. He has a reputation for catching on to the talent of those who work for him, and pushing them to their full potential. It is because of this skill that he was able to sell Elite Daily to Daily Mail for $50 million. He is not simply content with this pay check however. He continues to seek out new ventures and issues to solve, in the true spirit of entrepreneurship.