GreenSky Credit’s David Zalik takes seemingly big risks, but bets on sure things

In the mid-2000s, entrepreneur David Zalik was working on his online consultancy firm, OutWeb. The company had a large number of retail home improvement clients, including the likes of Lowe’s, Home Depot and Benjamin Moore. As part of his work with these firms, Zalik got to take a close look at their business model. But he immediately noticed that something was amiss.

Many of the companies were losing huge amounts of money. But this result was hidden. This was because these losses involved deals that were never getting done in the first place. Customers who wished to remodel their homes were coming into the stores or dealing with contractors who bought from these stores only to find out that what they thought their projects would cost was only a fraction of the true estimated price.

This would inevitably cause severe sticker shock, and, in many cases, the customers realized that they simply didn’t have enough money to complete their desired projects. This gave Zalik the idea for GreenSky Credit. By creating a form of instant bridge financing at the retail level, GreenSky would be able to help customers get their projects done and would help home improvement companies and contractors to earn billions that otherwise would have fallen through.

All in on GreenSky

But this idea would hinge on yet-unproven technology. Zalik had to develop a user interface that would allow for instant approval of loans in the five- to six-figure range. He quickly discovered that although the business model was extremely sound on paper, no bank was willing to lend him the money to start the company. As a result, Zalik ended up liquidating his entire $12 million commercial real estate empire and going all in on the founding of GreenSky. If the company would have failed, Zalik would have lost everything.

But the bet not only didn’t fail, it turned out to be what may amount to one of the greatest successes in self-financing a startup in the history of fintech. Today, GreenSky is doing more than $5 billion in loans per year. And the company has grown to a value that some analysts are putting in the $10 billion range.
https://www.fool.com/investing/2018/09/11/why-greensky-inc-stock-climbed-171-in-august.aspx

Southridge and its CEO, Stephen Hicks.

Southridge Capital is a private equity initiative that is located in Connecticut. The firm was established in 1996 by Stephen M. Hicks who is the CEO to the firm. The firm heavily deals with security brokerage and investment in banking services.

 

Stephen Hicks is a graduate of King’s college with a BS in Business Administration. His diverse experience in the field of business such as banking experience, structuring in finance and arbitrage risking, has enabled him to run the firm more appropriately and efficiently.

 

Stephen Hicks started Southridge Capital while working at a small NY hedge fund. His experience here equipped him with enough expertise to start his private firm. The firm has progressively grown to higher levels under his management.

 

The firm has various foundations and organizations which it has collaborated with to meet their objectives. Making more efficient medicine has been achieved through its collaboration with A5. The organization is contributing to individuals who are above 60 years through Founders Hall.

 

At Southridge, Mr. Hicks does numerous activities to keep the undertakings of the firm to be active always. Every day he reassesses the firm’s collection of documents and orchestrates what is to be done and achieved by his affiliates and him. He also plays a significant role searching for new investment opportunities for the firm.

His achievements in the firm have been due to the masterly of experience of working with other personnel. These efforts involve knowing each member in each department and also aiding out other individuals and companies with financial constraints. Apart from these, the firm also reaches out to other organizations to enable it to perfect its service delivery to its clients.

 

Mr. Hicks has also played a marvelous role at Southbridge Capital in accessing numerous details and genesis of various diversified markets. The firm also obtains emerging issues of multiple enterprises and demands by the use of different resources. For more details you can checkout linkedin.com

 

OTC markets and Quotestream, are some of the resources that get the firm updated and this with time has enabled both him and the firm to be more productive. The CEO has at one juncture spent his time agitating the issues engulfing cryptocurrency at the global level.

 

Reference: https://www.crunchbase.com/organization/southridge-investment-group#section-overview

Posted in CEO

Whitney Wolfe Used A Negative Situation To Create Something New In The Dating Industry

It takes quite a bit of work and determination in order to be successful in the tech industry. Whitney Wolfe has managed to not only become a huge success in app development, but she has been empowering women all over the country through her words and her new dating app, Bumble. As CEO of Bumble, Whitney Wolfe is dedicated to improving her dating app experience and giving more control to women so they can feel safe while attempting to date online.

Bumble has become one of the leading dating apps on the market today thanks to the efforts of Whitney as CEO and her idea for a good dating experience. Bumble is worth billions today, despite Whitney’s initial investment of less than a million dollars. Whitney Wolfe ended up filing a lawsuit during her time at Tinder, which ultimately made her start her own dating app and it was one of the best decisions she has made in her career today.

Bumble is the only dating app on the market today that will focus on women rather than men, giving women the ability to choose how every situation will go. Many more men on dating platforms are eager to start conversations and typically have a set of common conversations starters. Bumble aims to eliminate a lot of this behavior by letting women contact men spontaneously whenever they choose.

Not only has Bumble become one of the leading dating apps on the market today but Whitney Wolfe has also become one of the leading businesswomen in the tech industry for her accomplishments. While Whitney does have a formal education, studying at the Southern Methodist University, she has learned the most of what she uses today through working on the job. Whitney Wolfe co-founded Tinder at a young age and has managed to continually bring new changes to the way people date.

QuinStreet Sure To Fail With Sahm Adrangi’s Opinino

QuinStreet, Inc. is a mid-sized corporation with roughly 600 employees under its belt, $297.7 million in revenue from fiscal year 2016, and some 26,000 shares of public stock floating around on NASDAQ and the New York Stock Exchange. Admittedly, the company is larger than a majority of businesses across the United States of America. It also is a member of Standard & Poor’s 600 Component index, a group of the 600 best publish shares across the entirety of the world of finance.

One more thing – the share price of QuinStreet was no more than $3.75 less than a year ago. Today, the price is up to just short of $14.00. For those who don’t understand stock market performance very well, just know that QuinStreet has performed considerably well over that year-long period, effectively earning its investors three times as much extra money as the price of the share when most first bought in when the share price as low.

However, one think financial services experts always hold in the back of their minds as a possibility that high-performing companies’ financial statements and public share prices could appear as such solid investments because such organizations engage in unethical, unfair, or illegal activity.

Sahm Adrangi is a financial expert that shares the aforementioned line of thinking. Although the public stock of QuinStreet is likely rated as a buy or strong buy across most financial advice and information-storing sites, Mr. Sahm Adrangi feels strongly that QuinStreet’s prospects as a stock purchase are resoundingly poor.

Mr. Adrangi pointed out in a negative report of QuinStreet, Inc., which trades as (QNST) on both the NASDAQ and the New York Stock Exchange, roughly two months ago that even though QuinStreet had offered public stock for eight-odd years, its performance only turned belly-down in the past eight months.

CIO of Kerrisdale Capital Sahm Adrangi further shared that he and his firm feel that QuinStreet is engaging in fraudulent business practices because a bulk of its clicks come from just one website.

That website pays its visitors to do nothing more than click on advertisements through the site, in turn boosting QuinStreet’s performance. Sahm Adrangi makes a great case.

https://www.linkedin.com/in/sahm-adrangi

Robert Deignan and the ATS Digital Services

Robert Deignan and the ATS Digital Services.

Robert Deignan is a known businessman an entrepreneur. He I the Chief Executive Officer and the Co-founder of ATS Digital Services. Robert attended the St. Thomas Aquinas High School. From here, he proceeded to Purdue University. He graduated from the university with a Bachelor of science degree in Business Management. Three years after finishing his university studies, Mr. Robert co-founded the Fanlink, Inc. he worked with this company for three years before moving to iS3. Here, he served as the Executive Vice President for over nine years. In 2011, Robert Deignan joined ATS Digital Services.

The AppEsteem Corporation has certified ATS. This has enabled then to render superior services to their customers. ATS received their certification after adhering to the over thirty regulations of the AppEsteem. The company has, for almost seven years, provided services to nearly a million customers. They offer their services through the telephone. One can as well access their services remotely.

Customer satisfaction primarily drives the provision of their services. The Chief Executive Officer of ATS, Mr. Robert Deignan, has shared that the company has conducted reviews since the beginning of last year. These reviews had enabled them to comply with the AppEsteem rules. He as well stated that the firm is focused on committing themselves to their services. They have as well hired vendors, security personnel, and regulators. He as well went ahead and stated that it is due to the honor of being verified by a company of high statue such as AppEsteem that they decided to certify the firm. He expressed his joy in working hand in hand with AppEsteem and looking forward to more opportunities to work with them.

ATS provides various digital services. These include mobile services, computer services, digital data storage and network service. Mobile services provided include mobile hardware repairs, software problem resolution and security provision for private information that one might hold on their phones. Computer services offered by ATS are Windows and Macintosh services. These include installation and troubleshooting. The firm provides online data storage facilities. This enables one to store photos and videos to The Cloud. Their network services are very reliable and not easily attacked.

https://www.bbb.org/south-east-florida/business-reviews/computer-repair/inbound-call-experts-in-boca-raton-fl-90053585