Category Archives: Financial

GreenSky Credit-A Valuable Financial Technology Lender

GreenSky LLC (formerly called GreenSky Trade Credit, LLC) was founded in 2006 as a financial technology organization based in Atlanta. It offers technology services to merchants and banks for making loans to customers. The loans could be for healthcare, home improvement, and solar purposes. GreenSky credit program gets its funding from state-chartered, federal, and federally-insured financial companies. GreenSky credit program has lent about $5 billion from 2012 to 2016.

How does the company operate?

GreenSky company exists among fintech companies such as Lending Club Corporation since it doesn’t spend its capital on loaning processes. The company makes loans available through its GreenSky mobile app to its merchant customers ranging from retailers to self-contractors who deal with items like furniture as well as advancing home services such as window replacement and roofing. GreenSky Credit firm offers other services such as elective medical procedures and the use of credit cards to cater for the enormous projects from its customers. It provides loans to its customers at a fixed period and a fixed interest rate which has contributed to its business expansion.

Capitalization and valuation

The organization was started in 2006. In 2016, the company generated a capital of $50 million and established a lending plan of $2 billion with Cincinnati’s Fifth Third Bancorp. The move led to GreenSky being rated at $3.6 billion, an improvement in its valuation since its 2014 $300 million fund-raising round. The earlier rounds included investors like QED Investors, TPG, Iciniq Capital, Wellington Management, and DST Global.

The valuation of GreenSky Credit in 2016 groups it among the most valued privately owned startups in financial technology. In 2018, the company set its IPO stipulations to 34.09 million stocks at $21-$23.

Employment and management

Currently, the firm has employed at least 1000 staff. The main representatives include;

  • David Zalik- co-founder and CEO since 2006
  • Tim Kaliban- Chief Risk Officer and president
  • Gerry Benjamin- Vice Chairman

An overview of David Zalik

Mr. David Zalik serves as the CEO and Co-Founder of GreenSky, LLC. He is also the Chairperson of the Board of Directors. Mr. Zalik has also co-founded other organizations like Phoenix, LLC, The Rockbridge Commercial Bank, and The Resource Institute. At RockBridge Commercial Bank, David Zalik was a Director. He worked in the Board of Directors on the Marcus Community Center, Hands on Atlanta, and the Jewish Federation of Greater Atlanta.

Mr. David Zalik is a qualifier for 2016 Entrepreneur of the Year. Other awards he won include;

  • 2000- Abe Schwartz Young Leadership Award
  • 2003- Catalyst Year’s Entrepreneur Award

https://en.wikipedia.org/wiki/GreenSky

Hyperloop One Executive Chairman Shervin Pishevar Is Tweeting Like A President

No one expected Donald Trump to continue tweeting once he moved to the White House. But the urge to tweet can be hard to ignore for the famous and the wealthy. Just ask Shervin Pishevar. He’s the latest big-money investor to use Twitter as his soapbox. Shervin Pishevar is not as famous as Donald Trump, but he is famous in the startup industry. He was the man who told Menlo Ventures to back Uber when Uber was just getting started. And Pishevar is the guy Elon Musk is working with on the Hyperloop One startup. Shervin Pishevar also has a piece of Warby Parker, Didi, Washio, TaskRabbit, Tumblr, Klout, and Parse. That’s just a few of his current investments.

But Shervin Pishevar is not in the news for backing another new startup or for rejoining his investment firm, Sherpa Capital. Shervin is tweeting his way to national attention, and he is making progress. His recent 21-hour, 50-tweet tirade has some investors shaking their heads, and other investors are taking his tweeting predictions as fact. Pishevar said a financial crisis is coming, and the bond market is not going to be a safe haven for investors during that crisis.

Shervin Pishevar also put a tweet in motion that warns of a Silicon Valley breakdown, and a warning that China is beating the U.S. not only in economic growth but also in infrastructure growth. Government officials are short-term thinkers, according to a Shervin Pishevar tweet. And big U.S. corporations are as powerful as some countries, and that isn’t good news, according to a Shervin tweet.

The Pishevar tweet rant didn’t really reveal any new information except for the 6,000-point drop in the stock market and the crash of the Bitcoin. Most investors know there is financial trouble brewing. Big investors are covering their bets the best way they know how. Shervin didn’t say when all his tweet predictions will be a reality. But Pishevar isn’t done putting himself out there on Twitter, according to some investors. Who knows? Shervin likes to shake things up, so any topic is fair game for Shervin.

https://www.linkedin.com/in/shervinpishevar

https://b612foundation.org/members/shervin-pishevar/

Marc Sparks: From Average Student to Millionaire Entrepreneur

Marc Sparks is a very successful businessman based in Dallas, Texas. the entrepreneur has had quite a storied career, founding multiple startups over the years. This has caused many professionals to refer to him as a serial entrepreneur. He is most notably known as the founder and head of Timber Creek Capital, a private equity firm dedicated to helping entrepreneurs develop their startups into profitable companies. Sparks’ entrepreneurial skills are so great that other successful entrepreneurs aspire to be more like him.

Although Sparks has a remarkable track record he is also guilty of making beginner mistakes once upon a time. In fact, his early failures may have been the best thing that happened to him. He was able to learn from each one and improve his business strategy every step of the way. He wants to share with others what he’s learned as a businessman so they can avoid the early mistakes he made and get off to a better start.

Sparks is a big advocate for believing in yourself. At one point the only person that believed in him was himself. His strong belief in self lead him to become the success story he is today. I mean how else could an average student in high school build and run companies worth millions of dollars. Because of his journey to the top Sparks has a chip on his shoulder. He thrives in taking ideas, no one thought would work and building successful companies out of them.

Sparks’ book, They Can’t Eat You was written for entrepreneurs who are down on their luck like he once was. In it he shares all of his shortcomings and how he persevered and never gave up. The book was tough to write but he knew it would serve as inspiration to those entrepreneurs who are losing hope. Learn more: 

Learn more: https://angel.co/marcsparks3

Richard Blair Helps People Make the Right Choices in Finances

Finances are a very tricky thing to figure out. In many cases, it is not a good idea for anyone to try to handle all of his own finances, especially when under stress. Many people that are trying to get caught up with their finances are going to have a tough time figuring out the right method because of the limited income they have. This is one of the reasons that people need a financial adviser. Financial advisers can do more than just help people figure out what to do with the money they are making. They can show people how they can make more money.

 

For financial advisers like Richard Blair of Wealth Solutions, there is advice such as making investments. One of the best things about investing is that there is more than one way to do it. While the concept is the same all across the board, there are so many varieties in the methods that are available to potential investors. Richard Blair is willing to share all of these methods with his clients so that they can decide on which method they are most comfortable with. He is willing to list all of the advantages and disadvantages of making investments.

 

One of the common forms of investing is buying and trading stocks. This is one of the faster ways to make money for people who know how to take part in this activity. The disadvantage is that people can lose a lot of money trading stocks if they pay for something that loses value (https://www.wealthminder.com/financial-advisors/TX/bee-cave/richard-blair/326407). Trading stocks also has different methods of earning money for people who hold onto stocks for the long term. For instance, some stocks will pay their stockholders dividends for each year that they hold onto the stock.

 

Another method that Richard Blair can teach about involves putting money in an account and allowing it to build interest over time. This type of method involves very little risk. The only disadvantage is that the money gained is very little at once. However, with different features such as compounding, one can gain tons of money in due time.