Leaders of the Crowd (eBook)

Conversations with Crowdfunding Visionaries and How Real Estate Stole the Show

Adam Gower (Autor)

eBook Download: PDF

2019
X, 172 Seiten
Springer International Publishing (Verlag)
978-3-030-00383-8 (ISBN)

Infos

Crowdfunding is nothing new.  In fact, America was built and financed by crowdfunding.  But in 1933 Congress passed the Securities Act, which shut the door on this most democratic means of raising capital and spreading wealth. In 2012, enjoying broad bipartisan support, congress threw the doors open again, passing the JOBS Act (Jumpstart Our Business Startups).  Its intent was to stimulate growth of small businesses and startups, but an unexpected consequence of the Act was that the biggest beneficiary has been the real estate industry.

Researching the origins of the JOBS Act, Dr. Adam Gower conducted a series of conversations with the people who lobbied for and wrote the laws that became the Act.  What he discovered was that at no time had anyone thought that the real estate industry was a relevant constituency.  Perplexed by this disconnect between what had been intended and what had happened, he talked to those who had been the very first real estate people to utilize the JOBS Act.  These pioneers, all moving on parallel tracks, seeded the biggest, most transformational change to the real estate industry in history.

This book uncovers these conversations with the people who created the laws and those who connected the dots to real estate.  It weaves a thread through the labyrinthine processes of government, chronicling how the Act was conceived, formed, and ultimately signed into law, and it reveals how the visionaries who have revolutionized real estate capital formation embarked on their missions to change their industry forever.

Learn how the JOBS Act, never expected to benefit real estate, has transformed the industry, changing the way capital is raised and syndications are formed forever and how an unintended consequence is helping almost everyone in America invest in real estate like never before.

Dr. Adam Gower is a 30-year real estate development and finance veteran who has held senior management positions at some of the largest public and private companies and institutions in the world.  He is a highly sought-after expert in crowdfunding investment and finance, providing advisory services to sponsors raising capital and access to exclusive opportunities to a private syndicate of investors. He is founder of the National Real Estate Forum where he hosts the only internationally syndicated podcast series focused on the crowdfund real estate industry. Based on over $1.5 billion of transactional experience, Dr. Gower has developed an acclaimed series of online real estate courses that teach a new generation of high net worth individuals and families how to prudently invest in real estate for income while prioritizing principal preservation.  He lives in California with his wife, three sons, none yet taller than he, and his dog Gnasher.

Inhalt

Dedication 5
Acknowledgments 6
Contents 7
1: Introduction 9
Chapter Overview 14
2: Inception: David Weild IV 21
The Collapse of Small Cap Liquidity 24
Thought Leadership 29
Transformational Impact 31
Congressional Testimony 32
Leaving a Legacy 32
JOBS Act 33
JOBS Act Impact on Real Estate Never Considered 34
3: The Letter: Jenny Kassan 35
4: Advocate: Sherwood Neiss 41
5: Senate Lead Staffer: Dina Ellis Rochkind 53
On-Ramp, 506(c), Regulation Crowdfunding 59
Most Impactful Component 61
The Lobbyists 62
6: Investor Protections: Andy Green 65
7: The White House: Doug Rand 76
The Lobbyists 85
Event Planning 87
Concerns 88
8: Rich Uncles: Harold Hofer 89
Long-Term JOBS Act Potential 96
9: Fundrise: Ben Miller 98
10: RealtyShares: Nav Athwal 107
11: Investor: Ian Ippolito 119
12: RealtyMogul: Jilliene Helman 128
13: Patch of Land: Jason Fritton 133
14: Small Change: Eve Picker 144
Complicated Finance 146
15: Conclusion 154
Glossary 162
Index 166

Produkt-Details

• Erscheint lt. Verlag: 9.1.2019
• Zusatzinfo: X, 172 p. 14 illus.
• Verlagsort: Cham
• Sprache: englisch
• Themenwelt: Sachbuch/Ratgeber ► Beruf / Finanzen / Recht / Wirtschaft ► Geld / Bank / Börse
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre
• Schlagworte: crowdfunding • equity crowdfunding • Investments and Securities • Jumpstart Our Business Startups Act • Real Estate • Real Estate Crowdfunding • real estate investing • The JOBS Act
• ISBN-10: 3-030-00383-3 / 3030003833
• ISBN-13: 978-3-030-00383-8 / 9783030003838