Although he’s not a household name, GreenSky founder and CEO David Zalik is a living legend among the financial technology sector. Having been at the helm of GreenSky for more than 12 years makes Zalik one of the most experienced players in the sector. And over that time, he has been able to bootstrap his firm from absolute zero to a company valued at more than $4.5 billion.
This incredible growth can be attributed to the simple yet value-adding business model of GreenSky. The company has focused for its entire existence on creating seamless parings between prime-credit borrowers and lenders looking to expand their rosters of good loans. It has focused on big-ticket point-of-sale purchases, such as home remodeling projects and solar energy installations, as an area where previous frictions of the lending process could be streamlined through technology.
Specifically, GreenSky has been able to devise a system that matches some of the top lenders in the country with customers who need lending instantly. In many cases, merchants are able to present borrowers with instant approval for loans with astonishingly good terms, such as zero down, zero interest and no payments for an entire year. Because the average borrow with whom GreenSky transacts has a FICO score of 760, these loans are almost always paid back in full before the higher rates kick in.
At the same time, lenders like Fifth Third Bancorp, Sun Trust and Region’s Bank have been supplied with a steady stream of high-quality new loans that would otherwise never have been originated.
Now, Zalik is looking to take his company public in what will almost certainly amount to one of the largest IPOs in the fintech space’s history. Zalik has stated that his company has reached a phase of maturity where he feels that the short-term thinking and pressure to post solid quarterly growth that often comes with going public is something that GreenSky can handle at this point.
For investors, the IPO may provide one of the strongest opportunities that have come along in a space that has been wracked by underperformance.
Homeowners young and old, want to understandably keep their property in pristine condition. Doing regular maintenance and making upgrades such as roofing and siding can increase the homes resale value. But when looking to make these repairs, homeowners are often misguided, leading to higher costs. Aloha Construction can help with all your roofing, siding and repair needs.
Aloha Construction has been in operation for over ten years and have done over 20,000 roofing jobs in Illinois. This company strives to provide high quality workmanship to homeowners. After being around the state and seeing some problems that occur, the experts at Aloha Construction share their experiences and give tips on how to avoid common mistakes by homeowners.
Aloha Construction recently received the BBB 2017 Torch Award. They were praised for their collaboration with Omni Youth Services. Together they provided outreach in the Illinois community.
Four Common Mistakes That Homeowners Make:
- Wrong Upgrades
People often make the wrong upgrades when looking to add value to their home. Adding a bathroom or sunroom may not always be the best way to add value. If you are looking to put it on the market, doing the siding and roof can boost the resale value.
- Waiting to get a Property Inspection
Insurance companies have a small window when it comes to filing damage claims. If you miss the deadline, the homeowner could be left paying out of pocket. Aloha Construction offers free property inspections. Saving you time and money their professionals will spot and report any damages found on your shingles, roofing or siding.
- Not Paying Attention to the Gutters
Another common mistake by people that experts see is the neglect of the gutters and downspouts. They recommend inspecting them every season to ensure adequate condition. Look for signs of sagging, leaking or blocked gutters. Inspect the downspout to make sure its pointing away from the house and flowing properly.
- 4. Being Cheap with Repairs
The last and most common mistake that occurs is skimping on the cost of repairs. Doing it yourself or hiring unprofessional contractors can seem like a good idea but can cost you more in the end. Do your research to find a licensed, reputable company for any repairs. Consider Aloha Construction they are licensed and insured with a BBB A+ rating.
Sahm Adrangi is the founder of Kerrisdale Capital. A company he founded around short activism which began publishing research on shorts in 2010. Adrangi is in charge of controlling more than $150 million in assets at Kerrisdale Capital. He is widely known across the industry for his substantial work in financial research and his achievement in shorting numerous fake Chinese organizations and in another places across the globe.
Speaking at a conference: The Art, Pain and Opportunity of Short Selling featured in Manhattan, Adrangi spoke on “Ad Fraud Opportunities”. The speech was significant as ad fraud has closely linked it to the prospective value of a company’s stock. Having the capacity to predict the future value of a company based on fraud or corrupt news, has facilitated Sahm Adrangi to grow Kerrisdale from a $ 1 million startups into the premier company it is today.
Short activism is the act of shorting a stock and then disclosing it to the public with reasons behind the short. Due to Kerrisdale’s credibility and thoroughly researched findings, the firm has experienced much achievement in the area.
The companies’ most recent short activism crusade has been on St. Joe developer of land in the Florida Panhandle. St. Joe Company’s appraisal was worth at $ 1 billion. A negative report by Sahm Adrangi’s claimed the company is highly valued, Kerrisdale report valued the company’s stocks to be 40% less than its current value. The reason behind the low valuation by Adrangi is because the land is a desolate swampland and there has been no progress on the land for the past ten years.
Kerrisdale also published a negative report shorting Eastman Kodak Company. Kodak is a commercial printing and imaging company whose stock rose to 187% after it announced a partnership to take-off a blockchain enabled image licensing platform and photo-centric cryptocurrency. Sahm Adrangi claimed that the announcement by Kodak was an attempted move to divert investors from the company’s distraught financial position. He further adds on that Kodak is a dying company and blockchain will not save it.
Vijay Eswaran journey as an entrepreneur was not an easy one, because things were not in his favor. There is so much that he has to offer to the world one thing is that he got all the success himself. Through his journey, he has been able to rise through the prominence just as the Malaysian businessman and in the QI Group firm he is the executive chairman. Born in 1960 October 7, because of his success he is among the leaders in Malaysia. He attended the London School of Economics where he attained a degree in socio-economics. That did not stop there he got an MBA at the Southern Illinois University in 1986. The main thing that he focused on when he finished his education is being the executive chairman, but that’s not all he has the passion for other project and venture in commercial too.
The other success that he has is that Vijay has written different books that talk about his experience. Also, through his writing, he ensures that he motivates the young entrepreneurs. The first book that he wrote which was published in 2015 titled “In the Sphere of Silence.” The second one was “In the Zone” that got in the market May 2008.in 2010 he published the “18 Stepping Stone.” “On The Wings of Thought” was the fourth book that Vijay published that was released in 2011. The one that was just released last year is the recent book that Vijay has written: “Two Minutes from the Abyss.” In all the book, he tries to educate the readers not to make the same mistakes he did.
In the books, the thing that he always talks about is the how the NOW is essential. That someone should not focus on tomorrow, yesterday but the NOW. Apart from the books, he has been written articles that are motivational. He has shown his philanthropist side by participating in charitable works. In his native country through the QI Group, he started a charitable arm. The charitable arm is called RHYTHM Foundation that will offer the services of being the company’s instruction offices on the responsibility of corporate social. There is a foundation he established named after his father, Vijayaratnam Foundation.