When serial entrepreneur and GreenSky Credit founder David Zalik started talking about how he was going to create instant bridge financing for home remodeling projects at the retail level back in 2006, few believed he would be able to do so. But now, 13 years later, GreenSky Credit has surpassed most of its competitors in the fintech industry to become a $5 billion company that is doing nearly that same amount in new loans each year. Zalik’s vision is proving its staying power. And what many are now realizing for the first time is just how brilliant the whole concept was from the start.
Prime time versus crime time
While GreenSky competitors like OnDeck and Lending Club were trying to figure out how to make money on loans to felons and other assorted transients and derelicts, GreenSky was focusing on what was known for centuries to work. While one of the cries of the socialist is that capitalism only works for the already rich, it has long been an age-old maxim of banking that you don’t hand money to those with a proven track record of squandering it.
And this is the lesson that lies at the heart of the enormous success enjoyed by GreenSky Credit. From the beginning, the company focused on big-ticket home improvement projects. While this niche presented great opportunities for extending lots of loans, it also served as a filter. Because most people doing five- and six-figure home renovations live in nice homes and make good money, a couple of characteristics were automatically built into the company’s model.
First, high-end homeowners almost always benefit from well-executed renovation projects. This is because larger homes and those located in nicer neighborhoods can typically add more than the cost of these projects to the home’s value. This stands in contrast to smaller homes in rattier neighborhoods, where over-improving the property is not likely to net a positive return on investment.
The second built-in characteristic is that nearly all of these high-end homeowners are in the prime borrower category, with FICO scores in the 800-plus range. This is reflected in the fact that almost 100 percent of GreenSky loanshave been paid back on time and in full.
There are few businesses in the world which can call themselves an overnight success, but Organo Gold is one of these few after building a popular brand in less than a decade. Established in 2008 by the respected business leader Bernardo Chua and Shane Morand, the gourmet coffee producer has expanded from a single line of healthy beverages to including an all-around set of healthy lifestyle options for customers. Not only is Organo Gold leading the movement of gourmet coffees which is sweeping the world, but the company is intent on heightening global awareness of the potential of the mushroom-based Ganoderma extract.
For most, the brains behind the Organo Gold brand is Bernardo Chua, a direct-sales expert who has more than two decades of experience in this sector and has long been a believer in the power of Ganoderma. Bernardo Chua has been creating lifestyle products infused with Ganoderma for most of a career which has taken him from the Philippines to the U.S. and now to Canada. The establishment of Organo Gold came about when Bernardo Chua found himself enjoying coffee in Canada as he surveyed the world looking for a new business interest.
The idea for gourmet coffee infused with Ganoderma was hit on and Organo Gold was born with an eye on bringing direct sales to the North American market. Chua partnered with Shane Morand to establish the brand which has become one of the fastest growing in the world. As time has moved on, Organo Gold has branched out into various markets including a collaboration with the Napoleon Hill Foundation which looks to assist people in building a successful life for themselves. The company has recently developed new locations in Turkey as a traditional pathway to supply consumers in both Europe and Asia.
Christopher Burch is a role model to many young entrepreneurs in the international community. Many people respect him for being a serial entrepreneur who has invested in various industries. In his career in the business world, Burch has made so much wealth, and he has also founded a company that can help other individuals to become successful. Chris Burch currently works as the chief executive officer of a company named Burch Creative Capital, and he is always there to offer a solution to the many questions presented by his customers. Burch Creative Capital headquarters are found in New York City. The private equity investment company has attained so much since its establishment, read (Thenewsversion.com).
Success favors the people who are hardworking and committed to their roles. Burch has been in business for the last four decades, and he has all the knowledge needed by modern investors, helpful source on prnewswire.com. The creative skills he has developed over the years have made him an expert in business management. Chris Burch understands how to make the right financial decisions, and he is also an expert in incubating and also supporting new businesses to become successful. In the last forty years, Burch has been taking part in the creating of over fifty companies, and most of them have done so well. His values have played a very important role in his journey to success.
Last year, the American serial investor announced a new venture he had just introduced. The businessman realized that the hospitality industry was a great area, and he purchased a resort that has shocked the world with its success. Named Nihiwatu, the resort has met all the demands of the modern customers. People have voted the resort to be a leader because it has all the special qualities clients need when they want to stay away from home. The resort has also earned the interest of all people in the international community, check http://www.architecturaldigest.com/story/christopher-maya-j-christopher-burch-hamptons-house-article.
There are many dating apps out there today, all of which are competing for a very lucrative market. Whitney Wolfe is one of the biggest one the scene with her dating app, Bumble, which has quickly become one of the fastest growing dating platforms in the world thanks to her unique ideas. Today, more than 20 million people are signed up and using Bumble around the world. Although Whitney is relatively young, being just 28 years old with an extremely successful dating app and prominent business career, she has prior experience working at Tinder. This is where she built her knowledge and hands-on experience working in the development field. Read more about Whitney Wolfe at The New York Times.
Tinder is a rival competitor to Bumble today, and luckily for Bumble, it is the fastest growing platform in the world when it comes to dating apps. While Tinder is the number one contender and has been in the market for a while longer, Bumble offers some unique features that cannot be found on any other dating platform. The most notable of these features is that women, rather than men, are the ones to start conversations 100 percent of the time. Whitney Wolfe designed Bumble that way, specifically because she knows what harassment is like as a victim herself. Her leave of Tinder was because of a harassment case with her former boyfriend, so she is more motivated than ever to help women become empowered and take control of their romantic lives.
Bumble has other aspects that are unique to it as well, such as dedicated platforms for platonic relationships and professional relationships, although these are still being worked on and perfected. Whitney Wolfe still has a lot of ideas for Bumble and she hopes she can make it the top dating app in the world, especially for women. As an activist for women rights, Whitney Wolfe is constantly taking to social media to express herself and empower women.