GreenSky Credit has taken the fintech world by storm. The company was founded just 13 years ago. But in its brief lifespan, it has become the dominant player in the fintech lending business, doing more than $5 billion in new loans each year.
The secret behind the incredible success of GreenSky has been the fact that the company has pioneered a truly novel means of financing big-ticket items, directly at the point of sale. The company is the first to offer truly instantly approved loans for amounts of up to six figures. This means that for the first time, qualifying customers have access to credit facilities that can allow them to immediately begin work on their dream renovations for their home. And GreenSky is now expanding into a large number of other fields, including high-end dental work, cosmetic surgeries, roofing and window replacement.
Bridge financing for all
GreenSky is the first company to do what has always been a critical task in the world of real estate development. Without the ability to secure short-term financing to access the cash needed for their projects, real estate developers the country over would be unable to complete the majority of their developments. This short-term financing is what makes the world of real estate development go round.
GreenSky has now made it possible for individuals who face the same problems with the enormous costs ofcash-intensive remodeling projectsto access the same types of credit facilities that the biggest players rely on. This short-term bridge financing for retail consumers has added billions of dollars each year to the home improvement economy. And it is helping customers to add value to their homes as well. The types of projects for which the company lends money almost always result in net home-value gains when adjusting for the cost of the projects themselves.
By being first to market with retail bridge financing, GreenSky has gained a long-term competitive advantage in the space that will be very difficult for other entrants to contend with. And this makes the company’s long-term dominance all but assured.
On weekday mornings, Live! With Kelly and Ryan broadcasts live on the television. You may be familiar with Ryan Seacrest. Most likely, you remember him from the show, American Idol. Maybe you have heard him on the radio. Ryan Seacrest hits the radio airwaves on his show, “On Air with Ryan Seacrest“.
Not only does Ryan Seacrest hosts numerous shows he also owns Ryan Seacrest Productions. This Emmy-award winning production company launched in 2006. Although Ryan Seacrest does not make a personal appearance, his production company is behind “Keeping Up with the Kardashians”, “Shahs of Sunset”, and “I Love Kellie Pickler” just to name a few. If it concerns entertainment you can be sure that Ryan Seacrest will come to mind. Do you know that show called, “Shades of Blue” with Jennifer Lopez? Or have you seen “Jamie Oliver’s Food Revolution”? You guessed it, Ryan Seacrest Productions produced these shows.
The radio show host is also a businessman investing in many entertainment and media companies such as Pinterest. He also has his own clothing and accessory collection. Recently, he has also launched a men’s skincare line in partnership with Dr. Harold Lancer. Ryan Seacrest also maintains relationships with big name brands such as Coca-Cola and Ford. His reputation precedes him.
As a philanthropist, Ryan Seacrest founded the Ryan Seacrest Foundation. This foundation is behind Seacrest Studios. What’s Seacrest Studios? Seacrest Studios are “media centers” set up in pediatric hospitals. These media centers can be found throughout the U.S.A. What’s it for? Ryan Seacrest Foundation aims to alleviate stress commonly associated with families and children who are undergoing treatment at these pediatric hospitals. These media centers offer a means of distraction but also educates patients in entertainment and media production. In addition, it also gives patients hands-on activities on the ins-and-outs of properly using media equipment. One of Ryan Seacrest Foundation’s ultimate goal is to create an environment conducive to staying optimistic throughout the progression of a pediatric patient’s treatment.
Ryan Seacrest is a host, businessman, investor, fashion line creator and he is also a philanthropist. He stays active with countless projects and is commended for his philanthropic endeavors.
Whitney Wolfe was brought up in Salt lake city. She was born in 1989 and has been able to do what men of her age have not achieved. She is the founder of Bumble which is a very popular dating platform across the world. She has been recognized for her exceptional efforts in ensuring that the company becomes the most popular sites in the industry. Her passion in the dating world is what makes her successful and remain relevant in the business world. She is always focused towards bringing out the best in his career. More about of Whitney Wolfe at FastCompany
Whitney Wolfe was brought up by very caring parents who worked throughout minding about the welfare of the daughter. His father was a prominent real estate developer in Salt Lake City while the mother used to stay at home to take care of their daughter. She was a very humble child and was very hard working since her early days. Her massive commitment to achievement made her join the Southern Methodist University for a bachelors of arts in International Studies.
Whitney Wolfe started a business while she was 19 years when she designed tote bags. She later left the institution and got a job at an orphanage. Then she joined a lab that was working on a particular project. Unfortunately, it flopped while at the preliminary stages making her jobless. That was the project she was supposed to market, but things did not work out for her. She joined hands with two agents who were working on a dating app. They incorporated her as a team member who would play significant roles in marketing the company. She also played the role of choosing the name and even the company’s logo.
When the app was launched, Whitney Wolfe Herd hit the ground with hopes to market the company. She had several winning strategies and thus moved to all the Universities trying to sell the product. It was user-friendly and straightforward to join. So many students became members and thus enabling them to interact and start dating freely. She later quit the company after a disagreement with one of the directors. Her compensation was the capital that developed Bumble.
Louis Chenevert had a career that many people could only dream of. He was the production manager as well as the CEO of General Motors in the United States. He has also worked as the CEO of the United Technologies company and was an advisor for the Goldman Sachs company. This Canadian businessman worked hard and Louis Chenevert had a good career.
Louis Chenevert got his degree in production management and got a job with the General Motors company based out of the Quebec office. Chenevert worked hard on the job and proved he had what it takes to be successful. He was promoted to the lead of the assembly line at the General Motors in Montreal. Louis Chenevert worked hard and kept on getting promoted within the company. He worked his way up and other organizations took notice of his hard work. He was offered a job as the President of the Bombardier Aerospace company. In this position, he improved the efficiency of the production line and was able to lead the production up to one vehicle per minute.
WhileLouis Chenevert had enjoyed success in the auto industry, he decided to move on to another management position. He made the transition to work in the aerospace industry and worked for such companies as Pratt & Whitney and United Technologies Corporation. At this organization, he was able to lower the operating costs and increase production at the same time.
Louis Chenevert has some exception leadership skills and has been able to turn the companies he worked for in a positive manner. While he did retire in 2014, he did manage to stay busy. He has a number of hobbies and dedicates his time to a charitable organization. He is active with the Yale Cancer Center and gives his support to these causes.
Many women want to go into business for themselves. They have a great idea that really fulfills a need and/or solves a problem. While many would be female entrepreneurs have a solid business idea and a great product or service; they tend to lack financial funding. It is a known fact that venture capitalists and financial institutions typically do not lend a lot of money to female borrowers. The reality is that many females are persistently denied funding for startup.
Whitney Wolfe wants to change this situation. She realizes that black women only receive a meager 0.02% of funding for their projects. She knows that something is truly wrong with that data. She also knows that venture capital dollars never exceeded more than 5% total for female borrowers between the years 2005 and 2017. This is an alarming state of affairs for females involved in the world of business. Visit her article at techcrunch.com to know more.
Bumble was founded by Whitney Wolfe. She had her money to put toward her project, but she would need more funding to make Bumble a top tier dating platform. Thankfully, she received helped from Andrey Andreev who is the founder of Badoo. His support played a key role with getting Bumble up and running. Wolfe just wants female entrepreneurs to have a helping hand like she did.
The Bumble Fund was created by Whitney Wolfe to ensure that women receive the capital they need to get their ideas off the ground. This is an important funding source for would be entrepreneurs. Women who have a solid business idea can receive funding from the Bumble organization. Bumble Fund is already supporting a few women who have come up with some great products and services. Whitney Wolfe’s Bumble Fund is making a difference. This funding source helps women to succeed in a area of business where they have been marginalized for many years.
Since the field of medical aesthetics is growing so rapidly there are many professionals who are looking to find their own type of niche within the industry. “A Glimpse into What Drives Atlanta Entrepreneur Dr. Mark McKenna” talks about how this doctor’s motivation towards greatness is helping him to create his own category within the genre. Dr. Mark McKenna is well known as a doctor-entrepreneur. He uses his superb medical knowledge to help make business decisions that payback in exponential dividends. The work he has done in both the business and medical world are exceptional.
His newest endeavor is that of OVME. This company is unique in the fact that it helps change the way that medical aesthetics are being offered to clients. OVME is pronounced “of me” for a reason. It is a company that is aimed at providing an experience that is completely personalized for the client. They are looking for ways to increase the accessibility and convenience of this field. Dr. Mark McKenna and his colleagues understand that many people live busy lives where they are not able to meet their elective needs on their schedule. While elective would seem to indicate that these are not pressing matters, clients can become on edge when they are not able to properly schedule these procedures. For many of them, these electives situations help increase their overall quality of life and they want to find a way to incorporate them into their schedules as quickly as possible.
So, Dr. Mark McKenna’s motivation towards greatness is patient care. He has a profound sense of empathy that allows him to tap into what clients need to be happy. He wants them to feel as though they are in an environment that is very close to their own homes. They should not feel as though they are in a cold and clinical environment when they are talking about their own personal healthcare needs. He wants to be an advocate for his clients and push a standard of care within the industry of medicine and aesthetics that will hopefully be replicated in many offices across America.
Shervin Pishevar, one of the prominent person in the investment industry has been analyzing almost all the sectors in the United States while at the same time touching on significant international policies that touch the country’s political class. The Uber investor has gone silent for some time now, which caught people by surprise after he entertained his followers in more than 21 hours of constant tweeting. Well, he rested during the dinner and continued his exposure in the next day touching on, one of the core issues, trade between the United States and China.
In his open and candid tweets, Shervin Pishevar indicated that the United States will lose to now one of the largest emerging economy, China, around the world. Although this has been touched sparingly by most pundits and political class in the last few years, nobody has come so openly to the point that the United States will lose to China. Many are wondering what insight Shervin Pishevar to comment on such issues while fully understanding that the country has established itself in the world as the largest economy.
However, nobody should ignore him. Being a professional investor, Shervin Pishevar might have seen what many people have seen. One of the issues he pointed out is that China is building more and modern infrastructure as compared to the United States. This is true and can be verified by anyone who might be interested in determining the authenticity of this statement. Despite building large and infrastructures in its cities and rural areas, China is doing the same in Africa through debt-funded projects.
In recent times, most of the African countries have turned to China as the source of aid abandoning the traditional donors who mostly included the United States and some European countries. This is a cause for alarm that policymakers and government should highlight an urgent matter of priority. The same investments that people are witnessing in the healthcare industry, amounting to more than $300 trillion, should be diverted to the infrastructure industry. Old railway lines should be face-lifted to increase their cargo holding capacity. Besides, the donation policy and the foreign policies should be reviewed to attract growing countries to seek a donation from the United States.
The emergence of financial technology companies, or commonly referred to as FinTech, has taken the financial industry by the storm. FinTech utilizes technology and innovations to improve financial activities up to the point where traditional financial services will walk the way of the dinosaurs. GreenSky Credit was established in 2006 and has become one of the largest FinTech companies in the United States. Co-founder and CEO David Zalik has turned his tech-based lending firm into a multi-billion dollar company. Based in Atlanta, Georgia, GreenSky Credit offers its services to help fund a wide variety of home improvement projects and healthcare related issues that are not covered by the customer’s insurance. GreenSky Credit has provided reliable payment solutions to over a million consumers and had funded well over 12 billion loans since its inception.
CEO David Zalik has worked in the banking industry for years. His savvy idea for GreenSky Credit was brought into existence after the realization that home remodeling contractors were the key to one of the nation’s most lucrative markets, homeowners. Mr. Zalik, a high school dropout turned self-made billionaire, remarkably started his company in his own basement. The company’s straightforward mobile app and its overall services had become a go-to for many contractors across the nation. GreenSky soon shot up in the ranks as one of America’s most valuable FinTech operations.
The company has partnered with 14 large financial institutions including Regions, Fifth Third and SunTrust. The entire operation works by transferring a chunk of the risk and work to affiliated parties, all the while profiting from both sides involved in the deal. Basically, every time a home improvement contractor successfully markets a loan to a homeowner, GreenSky will receive roughly 6 percent of that loan amount. The company is recognized for its ability to service customers who desire smaller amounts than what atraditional bank would typically lend. David Zalik believes that his scalable business will continue to increase its loan volume by the end of the year.
Even though the stock market has been following bullish trends for several years, Sahm Adrangi and his team at Kerrisdale Capital believe that fundamental investing is still a good way to go with proper research and analysis. Sahm Adrangi states that they have not had a lot of difficulties while picking good stocks for long-term investing while also shorting stocksthat he sees as headed towards a downward trend. Despite some rather mechanical approaches that many investors have been following as of late, Kerrisdale is still sticking with the methods that have worked for them in the past.
Currently, Kerrisdale and Sahm Adrangi have shown an interest in shorting the stocks of the pharmaceutical research company Proteostasis. The Phase 2 data for one of their drugs that are still in the research and testing phases does not appear to be everything that the company is promising according to the investment firm. This is why they have chosen to take a short position on the stock as they believe that the4 gains that the company has experienced lately will surely reverse themselves quickly once the truth of the drug comes out to the public.
Additionally, the company has presented research and evidence that indicates that the land development company St. Joe’s is not going to be able to deliver on the promises that they have made to their investors concerning a large area of land in Florida. While St. Joe’s may have seen a decent amount of success while developing beachfront land, the land that is in question is almost entirely swampland and is not in a convenient location to the many attractions that draw people to the state of Florida. Their shareholders have been waiting patiently for years according to Sahm Adrangi, but he doesn’t believe that any amount of waiting will allow them to see a significant return on their investments as they had been promised by the company. When releasing their short stances on companies, Sahm Adrangi and Kerrisdale Capital have extensive research to back up their claims. They have absolutely no problem releasing it to the public as they have in the past.
Robert Ivy is the executive vice president and CEO of the American Institute of Architects. This organization was founded in 1857 and is headquartered in Washington, DC. They are a continuing education institution that teaches students how to become successful architects. They offer a diverse range of courses and help students develop their careers and become architects. They assist with building codes, business, architecture, design matters and global practices. They also have code advocacy programs and a disaster assistance program.
Before coming to AIA, Robert Ivy worked for McGraw Hill as the editor in chief for the Architectural Record for over 14 years. He was the vice president and editorial director for this company as well. He oversaw the production of the following magazines: The Magazine of Sustainable Design, SNAP, Architectural Record: China, HQ Magazine, ENR, Constructor and Sweets. He attended The University of the South where he earned his bachelor’s degree in English and Tulane University where he obtained his master’s degree in architecture.
Since becoming the CEO of AIA, Robert Ivy has been honored with the lifetime achievement award by the Mississippi Institute of Arts and Letters. He is the first architect to win this award and was recognized for contributing art to his community throughout his life. He has made architecture available to the public and shares his expertise with his fellows. Carl Elefante the president of the FAIA, presented the award to Ivy and congratulated him for his outstanding efforts. He was also recognized for writing the book titled, “Fay Jones: Architect,” this book highlights the achievements of Frank Lloyd Wright an established American architect.
In addition, to being awarded by the FAIA, Robert Ivy has won the National Magazine Award for General Excellence. He has been celebrated by the Alpha Rho Chi which is a national architecture fraternity for his designs. The University of Arkansas Fay Jones School of Architecture awarded him with the Dean’s Medal and he is considered a master architect. He shares the Polk award with Eudora Welty, Morgan Freeman, Shelby Foote, Walter Anderson and Leontyne Price.
Robert Ivy is a distinguished is a leader in the architectural industry. He is an exceptional designer and is known for discussing the value of design in a way that everyone can understand. He now oversees the American Institute of Architects and is helping to implement change within national and international neighborhoods.