Leaders of the Crowd

Conversations with Crowdfunding Visionaries and How Real Estate Stole the Show

  • Adam Gower

Table of contents

  1. Front Matter
    Pages i-x
  2. Adam Gower
    Pages 1-12
  3. Adam Gower
    Pages 13-26
  4. Adam Gower
    Pages 27-32
  5. Adam Gower
    Pages 33-44
  6. Adam Gower
    Pages 57-67
  7. Adam Gower
    Pages 69-81
  8. Adam Gower
    Pages 83-91
  9. Adam Gower
    Pages 93-101
  10. Adam Gower
    Pages 103-114
  11. Adam Gower
    Pages 115-123
  12. Adam Gower
    Pages 125-129
  13. Adam Gower
    Pages 131-141
  14. Adam Gower
    Pages 143-152
  15. Adam Gower
    Pages 153-160
  16. Back Matter
    Pages 161-172

About this book


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.


crowdfunding The JOBS Act Jumpstart Our Business Startups Act real estate real estate investing Real Estate Crowdfunding Equity Crowdfunding

Authors and affiliations

  • Adam Gower
    • 1
  1. 1.National Real Estate ForumBeverly Hills, CAUSA

Bibliographic information

  • DOI
  • Copyright Information The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Switzerland AG 2018
  • Publisher Name Palgrave Macmillan, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-030-00382-1
  • Online ISBN 978-3-030-00383-8
  • Buy this book on publisher's site
Industry Sectors
Finance, Business & Banking