So Money - Episode 278

Gerard Adams

Co-Founder of Elite Daily

Today’s guest is the co-founder of EliteDaily, a website that advertises itself as the Voice of Generation Y.

The site was recently sold for $50 million, and Gerard or “G” as he likes to be called, has quite the story. He’s a college drop-out turned serial entrepreneur, digital media executive, documentary film producer, and millennial thought leader and philanthropist. He’s also been been named one of the coolest people in Silicon Alley tech by Business Insider. His story started after he left college after just one semester. He became a first time entrepreneur shortly thereafter and things didn’t pan out as he had hoped — he’ll talk about that.

Fast forward five years, and he’s a self-made multi-millionaire. Today he’s 30 years old. He’s built, backed, and invested in nine companies and trades that all have made seven figure plus profits. Another reason to be impressed by Gerard, Tony Robbins is his guru, and the following Tony Robbins quote changed his life as it has mine and many others. It goes like this, “Success without fulfillment is the ultimate failure.”

From there Gerard was inspired to launch Fownders, which is his latest venture And it’s what he’s calling a mentor and a movement that will show our generation how he himself has been able to succeed in business. He is going in front and center, teaching people what he’s learned.

Takeaways from our time together:

  1. Having the guts to quit college; what convinced him that it would work out? What did his parents have to say?
  2. Selling EliteDaily for $50 million and then, as he said, entering a depression soon after — why?
  3. And his number one failure, which happened in a room with over 100 investors. It was gut-wrenching! But you know what? He lived, he learned, and he’s of course the success that he is today.

If you’d like to learn more about Gerard Adams visit his websites and or follow him on Twitter @IAMGerardAdams.

One of my favorite quotes from the interview: “What fulfills me is working with young entrepreneurs & startups to share my experience, and mentor and advise them.” – Click to Tweet

You might also like…

Join thousands of ambitious people like you.

Take part in Farnoosh’s thriving personal finance community and receive her ebook, SO MONEY SECRETS, for free.