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Gerard's First Startup: StockSpot
- Gerard Adams' first startup was StockSpot, an online forum for stock traders with a reputation system.
- He built it with $5,000 and promoted it relentlessly, leading to the first advertisers approaching him.
The Elite Daily Sale Pressure
- When offered tens of millions for Elite Daily, Gerard felt validated but was not ready to sell.
- He faced pressure from investors and co-founders to sell due to stress and changing Facebook algorithms.
Entrepreneurship Requires Passion and Risk
- Entrepreneurial passion means not wanting to sleep because you're excited and eager to work.
- Comfort with uncertainty is essential; entrepreneurs embrace risk and discomfort unlike those who seek security.