Browse Category: CEO

GreenSky Credit makes novel lending model work

When entrepreneur David Zalik went on a cross-country roadshow to pitch his latest business idea to bankers, he didn’t anticipate the levels of resistance that he would shortly encounter. Zalik, at that time 32, had been in business for his entire life. He knew how the financing game was played and fully expected that he could drum up enough support from traditional banks to fully finance the launching of his latest venture, GreenSky Credit.

But it turned out that even though the GreenSky business model was one that relied exclusively on making the safest kinds of prime loans, the revenue model of the company was so novel that many bankers thought it couldn’t work. And even the ones who did think it would work wanted to see a track record of success before putting up any loan money. Ironically, the company that sought to become one of the most important lenders in the country couldn’t get a single bank to extend it a loan of its own.

Zalik is proven right again

Zalik eventually ended up financing the entire company himself. Taking on a tremendous personal risk, he liquidated his entire fortune of around $12 million and bet it all on the future of GreenSky. But this would turn out to be one of the best bets that not only Zalik but anyone in the recent history of American business has made.

Just as Zalik had predicted to the dozens of bankers that he visited while pitching his idea, the revenue model worked. The secret to brining all of the parties together and attracting many of the top lenders in the country to sign up through the GreenSky platform was simple: GreenSky made sure that everyone involved with its deals walked away a big winner.

The customers, most of whom were doing high-end home remodeling projects, almost always added more to the value of their homes than the projects themselves cost. At the same time, the lenders were getting some of the top-end borrowers in the market, with the average GreenSky customer having a FICO score in the 800-plus range.

https://www.crunchbase.com/organization/greensky

Waiakea Hawaiaan Volcanic bottled water uses creativity to sell product

Americans as a whole are good at marketing. No one else would think of charging premium prices for the most abundant resource on the planet, but that is typical of the country’s genius. There is a reason the country produced P.T. Barnum. The United States as a whole could literally sell sand to people in the Sahara if they so chose. The idea of bottled water may seem laughable, especially in developed countries with ready access to tap water, but it has blossomed into a $100 billion industry. Today, there are even specialized brands such as Waiakea Hawaiian volcanic bottled water.

Marketing materials from the company mention the special filtering process and how it uses volcanic rocks. However, this process is not something engineers came up with. The water comes from a spring on a Hawaiian island. These islands were naturally formed through volcanic processes. It is the same processes that created the spring. Waiakea’s marketers just decided to use a little creativity to help sell their product.

How has their creativity helped? Affiliate Dork, a blog that features various marketing opportunities, recently featured the company in an article. The site recommended it to people looking for interesting business opportunities that expand their bottom line.

Affiliate marketing is not for everyone, and most people do not make more than a few dollars off of it. For those who do know how to work the system, and how to manipulate Google and other search engines, it can be profitable. Someone who is looking for new ways to make money from his or her site should consider partnering with Waiakea Hawaiian Volcanic bottled water. The marketer can even order a case for himself if he so chooses. Pick up a case to find out if it is worthy of a link or two.

https://vimeo.com/127305275

Robert Ivy’s success as an architect and his view on professional associations

Robert Ivy rose the ranks to become the vice president and CEO of the American Institute of Architecture (AIA). AIA is an organization which has its base in Washington, D.C. and that seeks to bring together professional architects all around the U.S. The organization aims at connecting the architectural industry with other sectors to help develop the construction world.

With a vision of improving the architectural world, Robert Ivy obtained a masters in architecture. He also holds several other higher education documents, e.g., a Bachelor of Arts degree (English). In his career, Ivy has worked in many organizations such as Dean/Dale, McGraw-Hill Construction Media, Dean & Ivy Architectural Record, and others where he has given a significant amount of contribution for their success. Read more about Robert Ivy at Tulane School of Architecture website.

The world has recognized the impact of Robert Ivy’s efforts through the awards that several institutions have accredited him. While Robert Ivy was a head editor, Architectural Record (an architectural publication), received many awards from various renowned national magazines. He was the awardee of the 2009 Crain Award given by the American Business Media. He has also won other numerous awards for demonstrating quality leadership abilities.

Since AIA is a professional society, Robert Ivy states the importance of workers (not only architectures but also any other professional) to be a part of an organization dedicated to representing the workers’ interests in their line of specialization. As a leader in the architectural world, Ivy says that though architects may seem few comparing to other ventures that are related to building, they strongly influence significant decisions made in that area. It is because they speak as one man through the representation of their professional organizations.

Check: https://www.contractdesign.com/news/people/robert-ivy-receives-noel-polk-lifetime-achievement-award/

Many organizations dedicate their time to making sure that they have well structured codes of ethics and that their members follow them to the letter. It gives the clients confidence of trusting in their service providers and looking forward to the workers delivering the desired results. Robert Ivy speaks of AIA’s values stressing that it is essential for any architect to embrace them. The approach on the part of career persons is primary, not only for the success of architecture but also of any other profession. Visit Archinect to know more about Robert Ivy.

Bumble Has Become a Household Name in the Dating App Scene under the Guidance of Whitney Wolfe

With just a simple swipe, some users of Bumble, a leading dating app by Whitney Wolfe Herd, are lucky enough to establish a relationship that ends up in marriage, make a new friend, or find a lucrative job opportunity. However, Wolfe may be the most fortunate of all – the $1 billion-valued app has earned its 29-year old creator a $230 million fortune. Although Whitney Wolfe didn’t appear in 2018’s Forbes list of Richest Self Made Women in America, Forbes expects her to join the rank with a short duration, provided Bumble will continue enjoying its rapid growth.

The biggest competitor of Bumble is Tinder, created back in 2002 as a “swiping” dating app that leverages the location of a customer to identify matches. Whitney Wolfe actually played an instrumental role in developing what is now her rival. Whitley Wolfe also cofounded Tinder and walked out of the company in 2014 citing sexual harassment by Justin Mateen, her co-founder and ex-boyfriend. Visit on her twitter for more latest updates.


She initially did not intend to go back to the online dating scene. Instead, she wanted to create an online social space that focused on the needs of women. She discussed the concept with Andrev Andreev, an established Russian billionaire and brains behind dating app Badoo, who didn’t seem impressed by the idea but did love the passion and energy that Wolfe exuded. Andreev encouraged Wolfe to stick to dating apps since she had already become an expert in the area. The two entrepreneurs met in London several times before Wolfe Herd unveiled the idea for Bumble.

Andreev decided to invest an initial $10 million for about 79 percent of the firm and allow Whitney Wolfe oversee software and systems unit of Badoo. Wolfe, who got approximately 20 percent of the company, brought her unparalleled marketing experience and women-first idea. Bumble was officially launched in December 2014, and it had 100,000 downloads in its first month.

Bumble unveiled an app called BFF in 2016. BFF helps women make new friends rather than dates. The next year, it launched yet another innovative app known as Bizz that helps women meet other women for career networking purposes. Just four years since its inception and with over 35 million users, Bumble is indisputably the fastest rising dating app in America.

Visit: https://techcrunch.com/2018/05/13/whitney-wolfe-herd-bumbles-founder-doesnt-care-what-shes-supposed-to-do/

Sahm Adrangi Speaks at Important Conference

Sahm Adrangi spoke at a conference called “The Art, Pain and Opportunity of Short Selling” on May third, 2018. The event, hosted at the New York Athletic Club by well-known New York investor, philanthropist and author Whitney Tilson, who gave the opening remarks that Thursday.

Sahm Adrangi gave the first speech of the night after Tilson, discussing ad fraud opportunities. Acknowledging that the business community still needs to fight against fraud, Sahm Adrangi says that knowing the impact of fraud on the market, focusing on diligence in investing and recognizing the links between short-selling opportunities and fraud can lead to some profitable opportunities. When a companies stock is about to take a huge dip in value is when ad fraud is most likely. By staying informed of this a short-selling investor can prepare and be ready when it happens.

Head of Kerrisdale Capital, Sahm Adrangi began the company with $1 million in capital. He now manages over $150 million and has made a name for himself in the industry. Sahm Adrangi is also known for his massive success short-selling several fraudulent foreign companies, including several from China.

Adrangi was followed by David Einhorn, head of Greenlight Capital since its founding in 1996, and many other financial luminaries from around the world, such as Soren Aandahl of Glaucus Research Group and Enrique Abeyta Ubillos from Project M Group. They spoke on such topics as “Tesla is STILL a zero”, “The Other Greek Parmalat” and “The Best/Worst Short We Ever Had.”

“The Art, Pain and Opportunity of Short Selling” started at 7:15 with a breakfast and ended with a reception at 4:30. It was focused on many of the small nuances that exist in successful short selling, both basic and advanced ones that even experienced investors might not know. This information is helpful to short sellers as they are being hit hard by a long bull market right now. First quarter earnings were not what most investors expected, and many analysts are predicting a lot of movement in the next few years among long and short investors alike.

https://www.benzinga.com/topic/sahm-adrangi

Is Shervin Pishevar A Psychic? Perhaps – We’ll Never Know

If people could reliably – even halfway-reliably – predict things, they could quite literally make livings through gambling; technically, it couldn’t even be called gambling. While some people are professional gamblers in somewhat-predictable areas of betting like sports, most people’s abilities for predicting things are horrible.

Let’s look at one of Silicon Valley’s top investor’s predictions and statements about the economy, financial instruments, and business at large. All of them weren’t correct – the man isn’t a psychic – though a fair amount of them was, in fact, on point.

The man’s name is Shervin Pishevar

First-generation Iranian immigrant Shervin Pishevar unleashed a level-headed slew of tweets in the first week of February 2018. As we approach the six-month anniversary of Mr. Pishevar’s memorable tweetstorm, let’s look back at some of the things he asserted as fact – things that can’t reliably be measured, therefore making predictions inherently impossible – and other market events he quantified and got correct – Shervin Pishevar just might be Ms. Cleo in disguise.

Bitcoin fell even further from its December 2018 peak

On February 6, Shervin Pishevar declared that Bitcoin – the world’s first cryptocurrency was trading for roughly $7,900 on February 6, 2018 – would drop to anywhere between $2,000 and $5,000 in terms of USD per bitcoin. Thus far, the cryptocurrency has, in fact, reached a low price of roughly $5,700 this year – to be precise, the digital currency dropped to that low on June 24, 2018.

Though it never reached a true $5,000 US Dollar per bitcoin mark, Shervin Pishevar’s prediction got pretty close.

Gold would get more expensive, he said

The price of gold was between $1,330 and $1,320 per ounce throughout February 6. Although 2018 has yet to close as of July 31, 2018 – there are, in fact, five more months left in the year – the precious metal is currently trading about $100 less today than it was in the first week of February.

You win some, you lose some – then again, Shervin Pishevar didn’t specify a time horizon, making it not possible to make a judgment on his tweet’s accuracy yet.

http://www.siliconbeat.com/tag/shervin-pishevar/
https://www.linkedin.com/in/shervinpishevar

Aloha Construction: Illinois’ Top Home-Improvement Specialist

Home improvement is big business, especially in today’s modern era of living. There is a plethora of content that is currently available whether it’s in store, or it’s on television. In some cases, homeowners who have slight knowledge of the subject can participate in their own remodel projects. In most cases, it is best to hire a general contractor that is properly certified to do the bulk of the work. Aloha Construction has grown into a powerhouse when it comes to home improvement. This company has only been in business for a decade, but it has completed many prominent projects.

Aloha Construction is a standout because it provides so many advantages. The company provides services for Southern Wisconsin as well as provides services for the entire state of Illinois. That’s right! Thanks to its Bloomington location, the company can now reach its customers in the shortest period of time. Being progressive and efficient is what Aloha Construction does best. The company’s staff members are well-trained in a wide array of home-remodel projects, and they’re very courteous. These attributes are some of the reasons to why AC has claimed the prestigious Torch Award. This particular award was presented to the company back in 2017. There were a number of other general contractors who made the list, but there could only be one winner. Aloha Construction won this award for its great leadership, its philanthropic nature with its community, and its high-quality work. Dave Farbaky, the company’s founder, has even given away free Chicago Bulls tickets to underprivileged children.

 

Back on March 15, 2018, the company announced that it had completed its first multi-million dollar project in North Barrington, Illinois. Dave Farbaky’s crew remodeled the kitchen, the basement and the bath while working directly with the homeowner. This is gigantic news for the Lake Zurich-general contractor as many more multi-million dollar projects are sure to follow.
https://patch.com/illinois/lakezurich/consideration-community-care-cant-compare-when-it-comes-aloha-construction

Electrolyte Rich Hawaii Waiakea Water

The volcanic islands of Hawaii are among the richest and most diverse soil system, with layers of volcanic rock and miles of underground pathways. Naturally, this provides a unique filtration system and the volcanic water benefits the establishment of plants and unique wildlife of the islands. Waiakea volcanic water is filtered through 14,000 feet of porous volcanic rock before re-emerging at its source, located at the eastern base of the Mauna Loa volcano. Volcanic water benefits to the human body are remarkable.

 

Typically, other bottled water companies source their water products from northern fresh water streams and filter through impurities using chemicals and artificial filters. Unlike traditional methods, Waiakea Water requires minimal intervention when ensuring the clarity, purity and sustainability over time. This naturally occurring alkaline water provides tremendous health benefits to the body the artificial alkaline water products can never match due to the naturally occurring chemical properties. Waiakea water contains rich minerals such as magnesium, calcium, potassium, sodium and silica. The following Waiakea water benefits are as follows:

 

  • Regulates transmission of nerve impulses, body temperature, detoxification, and energy production.
  • Strengthens bone structure, teeth, and cell membranes, ensures nerve and muscle impulses are properly transmitted, and helps prevent blood clotting.
  • Aids in the proper flow of flow of fluids and nutrients in cells, helps the brain, nerves and muscles function correctly, and plays an essential role in the breakdown of amino acids and carbohydrates.
  • Is an essential factor in hydration as it holds water in the cells. It also helps send nerve impulses, and is needed for all muscle contractions.
  • Provides the answer to healthier, younger looking, more radiant skin, hair, nails while promoting good bone health.

 

With growing concerns about what people put in their bodies, Hawaii Waiakea Water is by far the most beneficial and natural option for bottled water. Just like the Hawaii volcanoes over time, this resource has always been accessible to the locals of the islands, but now, Waiakea Water brings the product to you for your benefit and health.

 

Louis Chenevert Is A Gem As A Leader

Canadian businessman Louis Chenevert to surround yourself with successful people. A strong team that works well together will eventually make it to the top. Mr. Chenevert experienced the opposite at a job in his early career and it impacted him greatly. From there he knew that treating everyone with respect, listening, and working as a team would be crucial to success.

Mr. Chenevert earned a Bachelor of Commerce degree in Production Management from HEC Montreal in Canada as a young man. With a passion for business and desire to be successful Louis worked his way up for a number of well known companies including General Motors. His first position there as first line supervisor at an assembly plant was one of the worst jobs he had. This was also the second shift so it was even more challenging. He found that management would not take the time to listen to employee, which greatly impacted Louis and how he would be as a leader. Employees would often have great input and ideas that would not see the light of day. After 14 years working his way up in the company, Louis Chenevert was ready for a change. He started working for Pratt & Whitney, a company under the umbrella of United Technologies Corporation in which he would run one day. With time eventually he would become Chief Executive Officer, President, and Chairman of the Board for UTC. With a long career under his belt he retired at the end of the 2014 year. He revolutionized their jet engine by incorporating the most advance technology and helped United Technologies Corporation acquire Goodrich aerospace, all the while not doing any unnecessary firings or compromising the environment. Louis Chenevert was able to accomplish this tremendous feat with relentless focus, follow up, talented individuals, and lots of passion. He believes with the right team anything is possible. Listening to individuals who are don’t want to accomplish the same goals will disrupt the outcome. In 2015 Goldman Sachs Merchant Banking Division had the pleasure of gaining this remarkable individual as their Senior Industry Advisor. Louis Chenevert also sits on a number of boards and has won awards for his outstanding work.

http://www.utc.com/News/News-Center/Pages/UTC-Chairman-Chief-Executive-Officer-Louis-Chenevertrecognized-with-the-Publi.aspx