GreenSky Credit Is Big – Here’s Why

GreenSky LLC is a mid-sized lender based in Atlanta, Georgia founded in 2006 by chief executive officer David Zalik. The company is the third-largest financial technology company in the United States – the field is also known as fintech, a mashup of the words financial and technology – despite being created just longer than a decade ago.

The company recently held an initial public offering, filing confidentially with the United States Securities and Exchange Commission back in early April 2018. In that IPO, GreenSky raised just short of $1 billion – $874 million, to be exact – in funding. Altogether, David Zalik’s GreenSky traded a whopping 38 million public shares in exchange for investments in the budding company.

While GreenSky is doing pretty well for itself, David Zalik is doing even better – just after the aforementioned IPO, David Zalik was officially worth roughly $2.5 billion. His net worth is based mostly on the price of shares of GreenSky, of which he owns a majority stake.

How did GreenSky become so big?

GreenSky does nothing but lends money to approved applicants – so far, the company has given out some $12 billion to over one million happy debtors – through GreenSky Credit, a program that’s a part of David Zalik’s GreenSky.

GreenSky Credit provides approved applicants with up to $65,000. Most of such money goes to mid-sized corporate construction companies, though plenty gets shoveled to smaller construction causes. GreenSky Credit lends out so much money to builders because they’re often not paid until their agreed-upon work is complete; at best, they’re paid in installments, potentially leaving them for weeks without their customers’ capital.

David Zalik realized that GreenSky could grow to such a lofty level of success after he gained experience in the construction industry directly following the turn of the millennium. No more than a few years after the experience, GreenSky and its well-known program GreenSky Credit picked up financing from TPG, ICONIQ Capital, and PIMCO, three of the largest institutional investors across the United States. Last December, GreenSky was worth $4.5 billion.

https://www.cnbc.com/2017/05/15/greensky-2017-disruptor-50.html

Sahm Adrangi: Short-Seller Expert

Even with several stock market gurus suggesting of an overvalued US stock market, the bull market has not broken for equities. It seems in recent years that hedge funds are out of date and buying any of the major US stock indices is all an investor needs to make substantial gains. While it appears the market can only continue to climb higher, there are investors like Sahm Adrangi who feel that there are always opportunities to short-sell.

investment Sahm Adrangi is the founder of Kerrisdale Capital Management and made a reputation for himself as an investment banker exposing Chinese companies who were scamming investors. His work encouraged the SEC to investigate many of these companies. In early May, he was a speaker at a conference in Manhattan to discuss the new challenges the market imposes on short-sellers. The conference specifically pointed out to current market trends such as the extended bull market and the unpredictability regarding government regulation. Many of the investors at the conference were extremely skilled traders who had been successful in the past at short-selling and were now finding that their past strategies had very little success in the current market conditions.

Sahm Adrangi spoke about Ad Fraud and the opportunities this gave to investors if they could spot it. This topic was important at the conference because Ad Fraud has been becoming a bigger problem over the years and can be tied to an equity’s future value. Sahm Aorangi’s ability to predict a company’s future value based on the corrupt actions some of them take has enabled him to grow Kerrisdale Capital Management into the company it is today.

No one knows how much longer equities will continue this epic bull run. Sahm Adrangi still believes there is room for fundamental analysis and that even the strongest of bull markets will present short sellers with opportunities.

https://www.crunchbase.com/person/sahm-adrangi

The Successful Career Journey Of Lori Senecal

Being the last born of a family of four, Lori Senecal knew she had to work extra smart to prove her siblings and family wrong. She was the youngest, which in many cases means being pampered and babied all the time. Nonetheless, this fact about her life transformed her into the creative leader that she is today. Speaking to Laura Dunn of Huffington Post, Lori reveals her desire to dream big from a tender age and be at the fore front to take bold decisions and steps. Her leadership style entails cultivating a strong culture and encouraging her team to dream bigger and come up with creative ways for a good performance.

Lori’s biggest breakthrough came in when she joined KBS, a company then with only two hundred employees. Most of the employees were leaving the organization a challenge she took head on. She had to quickly come up with a way to convince the clients and the team to stick with the organization. This was a huge challenge for Lori but she came up with strategic plans that attracted employees and clients. This was a breakthrough for the company and she led it to a nine hundred employee company and one with a global presence. Her stay at KBS earned her several awards from Ad Age.

Lori knew better than sit around and wait for opportunities. She worked hard and earned her reputation. She later on joined MDC Partners as the company’s chairman and CEO. She is responsible for their global presence and coming up with innovative products for the company that enables it to remain relevant in the industry. She is currently the global chief executive officer at Crispin Porter & Bogusky, spearheading programs and projects that have been appreciated globally.

Lori Senecal is a strong supporter of women in business and in leadership. She takes her time to talk to as many women as she can to share her story and hope to answer their dilemma. She recently appeared in the 3% Conference, a program that recognizes women in leadership positions in the creative industry. She has done well and is celebrated for her commitment.

Lori believes in ensuring a healthy lifestyle. Despite of her busy schedule she has time to exercise and eat healthy. She engages in events and strive to maintain that balance, so that she doesn’t work too hard and fail to play. Lori has a family and spends as much time as she can with them.

Reference: https://www.fastcompany.com/person/lori-senecal