GreenSky earns, hand over fist, with novel revenue model

GreenSky Credit is one of the more innovative companies to have come out of the fintech industry over the last few years. Although the company has followed a very conservative business model, only going after prime borrowers in markets where there is demonstrated value creation taking place, GreenSky has pioneered a new business model, the likes of which have never been seen before.

Big bets on a sure thing

GreenSky Credit’s revenue model is so unique and the business itself so novel that the company’s founder and CEO, David Zalik, found himself having a great deal of difficulty in convincing bankers to help him finance it. Back in 2005, Zalik went on the road to pitch the idea of GreenSky to bankers and other investors across the country. But the entire business model was so unique that he couldn’t find any bank that was willing to back him. He was eventually forced to liquidate his more than $12 million real estate empire and completely fund the new business himself. This would turn out to be a huge net positive for both Zalik and GreenSky.

The problem that the bankers could not overlook was that Zalik was claiming that he could get both his lending partners and his retail partners to pay GreenSky for originating instant loans while also avoiding taking on any lending risk. The bankers and prospective investors wanted to know why on Earth any lender would pay someone to originate a loan if that party was already receiving a large amount of compensation for their services from a third party, and they had no intention of taking on any downside risk at all relating to the possible non-performance of the loans. Zalik had one answer: money. And it turned out that the company was able to generate lots of it.

The secret behind the company’s ability to get its retail partners to pay 6 percent while getting its lending partners to pay a 1 percent annual carrying fee on every dollar loaned is that all of these parties are getting additional high-quality business that they never would have otherwise had.
https://www.marketwatch.com/story/greensky-ipo-5-things-to-know-about-the-company-seeking-to-end-fintech-ipo-lull-2018-05-21

Successful Career Path Of Richard Liu Qiangdong

 

Richard Liu Qiangdong the founder and CEO of the largest e-commerce platform in China known as JD.com. Richard Liu graduated in 1996 from Renmin University which is among the best Universities in China with a degree in sociology. After graduating, he joined China Europe International Business School with Executive Master of Business Administration.

After completing his studies, he was employed in Japan by a health product company for two years playing various roles including director for business and computers. Richard Liu later left the employment job and started his shop selling magneto-optical products. Among his successful business is JD.com which it`s estimated to worth is $57.6 billion and according to Forbes Richard Liu is reported to worth over $11 billion a total net worth.

 

“An insight, An Idea with Richard Liu” interview:

Richard Liu begins with a brief history of his successful journey to where he is now. He founded JD.com from a humble background naming it from his first girlfriend’s name and his last name. He was motivated to work hard to meet the need of his family where his parent was ailing. Richard Liu Qiangdong says his biggest competitor is himself as he strives to be a better person today than he was yesterday.

Liu`s products are the best compared to their business competitors because of their standardizing cost and efficiency in production and accessibility. They utilize warehouses where they keep their products which helps them to regulate and control market prices and demand.

Richard Liu believes in 10 years to come; his e-commerce company will be the leading in China and globally topping the likes of Amazon. Richard Liu values family bond saying it`s his proudest achievement in his life.

During his free time, Richard Liu likes swimming, reading, and traveling. He usually wakes up at around 7.30 AM, prepares for general managers meeting and afterward sets ready to respond to his emails. Go To This Page for more information.

He recommends people to purchase electronic goods through his e-commerce site for they take less than 6 hours for delivery. He also names his company shares as the best to invest on as investors are assured of profit outcome

 

Richard Liu Qiangdong And His Success As An Entrepreneur

 

Richard Liu Qiangdong, Entrepreneur of JD.com

Richard Liu Qiangdong is the founder and initiator of JD.com. JD.com is one of the largest e-commerce platforms in China. Qiangdong attended Renmin University of China during 1996. He received a degree in sociology. Following his college eduction, he attended China Europe International Business School. It was there that he received an EMBA in business. Directly proceeding his graduation from business school, Qiangdong was employed by Japan Life, a health product company. During his experience at this company, he was able to hold multiple positions, such as director of business.

Richard Liu Qiangdong started his Jingdong business in Beijing, China. Following declined success of a particular business model, he renovated his business plan and initiated JD.com in 2004. In 2005, he began focusing primarily on consumer goods and electronics. During 2014, a decade after the company began, Tencent purchased a 15 percent equity stake in JD.com. The deal was initiated for $215 million. JD.com has accomplished efforts for buisness and growth of company efforts and funds in e-commerce. See This Article for additional information.

During a recent interview with World Economic Forum, Richard Liu Qiangdong sits down for an interview to discuss his success of JD.com. Qiangdong speaks on the initiation of his company and the ideas for the successful business. He had a previously engaged in a business with brick and mortar retail store. The purpose for starting this business was to support his family as a result of financial problems. He desired to study abroad but could not afford to. As a result, he began working with computers and initiated his own business to generate revenue. He then closed his shops to open the e-commerce online business. Richard Liu Qiangdong wanted to enter the online platform in order to execute business faster.

Richard Liu Qiangdong spoke about the quick escalation of his business by building better thn competition. JD.com currently has a large market value according to stats in the United States. The goal of JD.com is to have the highest market value in China e-commerce.

 

More about Quiangdong on https://www.therichest.com/celebnetworth/celebrity-business/men/liu-qiangdong-net-worth/

Shervin Pishevar believes tech monopolies are stifling new startups

Over the last two decades, five major tech companies have come to completely dominate most ecommerce and technology in general. Apple, Google, Amazon, Microsoft and Facebook have become more powerful than even the most rapacious robber barons of the late 19th century could have dreamed of. And now, according to some, they are threatening the very ability of the country to continue forward on a competitive footing in an increasingly globalized and democratic world.

Shervin Pishevar ranks among the most widely respected tech entrepreneurs of the current age. He is the founder and CEO of Sherpa Capital, one of the most successful venture capital firms in the world of technology. He has been responsible for the creation of such names as Virgin Hyperloop, Uber, Airbnb and Social Gaming Network.

Now, Shervin Pishevar says that out-of-control monopolies in the tech space have reached a size and level of power over the markets that is becoming truly pernicious. In a recent tweet storm, which lasted nearly a full day, Shervin Pishevar expounded on some of the concepts that he sees as being increasingly important regarding the abuse by tech monopolies of their far-reaching power.

One idea that Shervin Pishevar has repeatedly hit on is the fact that tech monopolies like Google are now able to stifle innovation before it becomes a competitive threat. They do this with the legal version of the old Mexican plata o plomo, cash or lead. Shervin Pishevar says that the racket works like the following.

A new company comes on the scene with new technology or new methods of carrying out some important process. This company may only exist for a few months to a few years. But if Google or another major tech monopoly sees them as a potential future threat, then they can offer what seems to the founders like a huge sum of money. And, in most cases, it is a huge sum of money.

But this almost always causes the destruction of the company, with the firm ending up folded into some department at Google or Facebook, perhaps discontinuing its operations completely. The real play, of course, was simply to neutralize any future competitive threat.

http://www.pishevar.com/investments/

DAMAC Owner Hussain Sajwani Key Achievements

Hussain Sajwani pursued his education from the University of Washington before he was employed at Gasco, as the manager. Gasco is a branch of Adnoc (Abu Dhabi National Oil Company). After a while, he continued his studies from the same institution and later he made up his mind to establish his business. That’s how he began his catering services in 1982.

From humble beginnings, the catering company has grown from one level to another. Since then, he has been the top market leader, managing about 200 projects, and serving over 150,000 meals every day in several markets, including the Middle East, and Africa. Apart from servicing construction campsites, military barracks, learning institutions, and big hotels, his firm likewise provides additional services like camp supervision, upholding and manpower supply.

DAMAC Owner Hussain Sajwani is the founder of the property market development in Dubai, and to date, he has built several hotels to host the large population that visits Emirates to do business and trade. In 2002, Sajwani established Damac properties, which has developed and resulted in becoming the most significant property companies in the Middle East.

Sajwani is an expert in the area of property expansion from the promotion, sales, finance, and supervision which are the main drivers of the company’s success. Till to date, Damac properties has continued to advance its esteemed projects in various cities including Doha, Amman, and London.

Damac Properties, which hires almost 2,000 workers, is a public firm with shares traded on the Dubai financial market. The company is known to have the best track records in the lavishness possessions development market where it has established over 21700 units to date.

As the top most brand in the market, Damac properties has collaborated with some of the most well-known fashion and lifestyle brands to come up with new and moving living ideas in the market. Besides, Hussain Sajwain is known to have a good relationship with President Donald trump, and he has worked closely with him.

It’s the Sajwain Company that built the Trump International course in Dubai. Mr. Trump embraces the Hussain family as the most beautiful people in Dubai. Hussain Sajwani is known as a philanthropist who utilizes his company Damac properties to support a lot of initiatives in Arab countries. He empowers young people and helps them to build a bright future.

Check out this video: https://www.youtube.com/watch?v=pQwEdFvIYec

Steve Ritchie – The New CEO of Papa John’s

Following the Papa John’s media fiasco, Steve Ritchie, a long-standing Papa John’s team member, was slated to become their new CEO. With the onus now on Ritchie to bolster the company’s fragile state, he felt compelled to issue a direct apology to Papa John’s consumers. Infused with sincere sentiments and calls to action, Ritchie’s letter alluded to an imminent change within the company’s culture. Before introducing the steps Papa John’s would be taking to implement said change, Ritchie was sure to express earnest contempt for racism, a controversy that Papa John’s has recently been embroiled in.

According to usatoday.com, Ritchie’s decision to deliver Papa John’s from disrepute was a savvy business move. Ritchie went on to state that Papa John’s employs individuals from all walks of life, and he intends to uphold diversity within their walls. Once he’d made his stance on discrimination patently clear, Ritchie addressed the actions they’d be taking. In the hopes of boosting morale, Ritchie is enlisting help from the senior management team. These executives will be making their rounds to various Papa John’s locations to gather feedback from employees. As an attempt to promote a team effort, Ritchie wants employees to feel valued and heard.

Hiring third-party experts to introduce inclusion practices will be President Ritchie’s next course of action. Ritchie reveals that Papa John’s is in dire need of outside help and hopes that these specialists will identify the company’s strengths and weaknesses. Upon hearing what areas need to be improved, Ritchie intends to institute prompt change. Ritchie will be shepherding this entire mission and vows to maintain transparency as alterations take shape. In fact, Ritchie wants to be held responsible for any mishaps that happen along the way. Ritchie concluded the letter by expressing his appreciation and thanked all the patrons whose loyalty never wavered. For more details about Steve Ritchie’s promotion, visit Papa John’s official website.

Extra Sources:
https://en.wikipedia.org/wiki/Papa_John%27s_Pizza
https://www.bizjournals.com/louisville/feature/steve-ritchie.html

How Gregory James Aziz Uses His Experience

 

As someone who worked in the banking industry, Gregory James Aziz learned a lot about business and about what he could do to make businesses better. He also learned the financial aspect of businesses and how it had a direct impact on everything the companies did. Gregory James Aziz wanted to make a difference in the business world, but he knew he would never do that if he continued working in the banking industry. Instead, he wanted to get into another industry where he had a chance to make a difference and thrive as a professional.

Gregory J Aziz realized he had to work to make sure he was the CEO or the owner of a company. He wanted to make a difference and knew the only way to do that was through running his own company. He began searching for a company he could make better and he could change to bring positive opportunities to it. He wanted a company that was not hopeless but also one that showed some signs of struggle in the past years. Because of how hard he worked doing this, Gregory James Aziz knew he had to make a difference for other people.

There were times when Greg Aziz felt he had to choose an industry. He began looking at the rail industry. While he did not know exactly what direction he wanted to take in the industry, he did know he wanted to purchase a company that was already a part of it. He felt confident he could bring a rail company back to life and revitalize it in a way others had never done before. As long as Greg James Aziz had the chance to do this, he could continue making a big difference for others.

National Steel Car struggled for many years. People saw problems with it because they knew the rail industry was changing and the company performed poorly. Like many other steel car manufacturing companies in the industry, National Steel Car hadn’t thrived since rail travel diminished. Gregory James Aziz felt National Steel Car was his change to make a difference in the industry. Refer to This Article for related information.

He pushed to make the company better. After purchasing National Steel Car, Gregory James Aziz began revitalization efforts to make NSC the best it could be. He continues working hard to make sure National Steel Car has a chance to continue getting better on its own. ISO have recognized the growth of National Steel Car and awarded it the ISO 9001:2008 certification and received TTX SECO award for quality, for over a decade.

See also: https://remote.com/greg-aziz

 

Bernardo Chua Creates a Plethora of Products for OrganoGold

Bernardo Chua is someone that is taking the coffee industry by storm. He has become a valid part of the booming multi billion dollar coffee industry, and this is only the beginning of his reign as an entrepreneur.

It was easy for Chua to see how coffee could improve the lives of people that were looking for something that would boost their immune system and improve their health. Since he is a descendant of Asian culture he was well aware of the Ganoderma mushroom and the healing agent that Asians have been using for many years. He made the Ganoderma mushroom part of the coffee that he was distributing, and this became a gourmet coffee that was also linked to boosting the health of consumers that purchase this. Read more about Bernardo Chua at yourbeautycraze.com

All of this will play a very important part in the way that Bernardo made his expansion for the OrganoGold brand that he created. In time he would find that this mushroom was possible to implement into other new products like skin care and beverages such as teas and lattes. It would become advantageous for Bernardo Chua to expand his line and continue to build OrganoGold as one of the top independent coffee distribution chains.

He has been able to thoroughly utilized social media to his advantage to make a better brand that is marketed through his own website. He has been able to cut out the middleman and provide a whole new way for people to get beverages that are gourmet products that are not found in a typical Walmart or Publix grocery store.

Many people like the changes that have been instituted by Bernardo Chua and his brand of beverages and skin care products. He has proven that he has a plethora of ideals to implement with the Ganoderma mushroom.

Learn more: http://oldcurmudgeoncomics.com/2017/02/09/bernardo-chua-founder-and-ceo-of-organo-gold/

 

Lime Crime’s Doe Deere

The founder of the innovative makeup company, Lime Crime, Doe Deere started the company from her own home in the year 2004 by doing her own diy makeup line o eBay. She officially launched her company, Lime Crime in 2008. She states that colors are her passion, and what helped her launch her brand amidst a chaotic makeup industry. Lime Crime embraces the unique colors that many makeup lines are afraid of featuring, and embraces its inner “unicorn” if that makes sense. Deere states that she loves unicorns as a model for the company, as they represent self expression and being your own person. She states that uniqueness is key for growing in a cosmetics company, as many actually follow the template and fade away trying to be like the rest. Her company, Lime Crime however steers away from this, and tries to be as unique as possible.

Lime Crime is 100% vegan and cruelty free, and she is quite proud of this. Many high end cosmetics brands and companies use animal testing and products that are not actually vegan, which in a lot of cases causes many of the customers to break out or have allergic reactions. Lime Crime received this certification of being vegan and cruelty-free through PETA and Leaping Bunny.As stated on their website, Lime Crime’s motto/mission is to “revolutionize makeup, from the way you shop for it to the way it makes you feel.” As described on their website, Lime Crime was also “one of the first digitally-native beauty brands.” Lime Crime makeup products has become what is called a “cult favorite,” meaning has products that stand out and continue to excel.

She calls her fans unicorns, as unicorns are unique, and are aware of their differences and are still proud of who they are. Deere states that it takes a confident person to be able to wear the bright shades that the company produces with its makeup and hair dye products. Deere states that her female inspiration includes the well-known Dita von Teese and her Instagram friends, Elena and Stella Rose. Deere was recently honored by being on the cover of Self-Made magazine, which she states showed her really how successful she and her cosmetics company, Lime Crime had gotten.

She states that she is grateful for social media, as it highlights what her fans are looking for in a product, and is great for feedback, which she ends up using in her products later on.

As for the company name, she said that she first used it to start her eBay store, as she states that “the internet was a different place then with silly handles.” She states now that even though sometimes she wishes that her company had a more classier so to speak kind of a name for her cosmetics brand, today she is quite grateful with this name. This is because it helps her define what kind of products can and can’t fit in with her cosmetics brand. She States that if she cannot see a product with the name Lime Crime on it, they won’t produce that.

 

Read https://www.stylist.co.uk/beauty/lime-crime-makeup-doe-deere-feelunique-pop-up-beauty/203236 to learn more.

Achievements of Denver’s Philanthropist Matthew Autterson

Matthew Autterson began his studies in the 18th century at the University of Michigan where he pursued a bachelor’s degree in Finance. Soon after the graduation, Matthew joined the GTP to advance his skills in Finance.

 

Autterson got his first job at the First Trust where he worked as a financial assistant. Few years later, he joined other people who shared a common interest in finance as well as other pertinent issues in the field. Again, Matthew and his partners formed a small charter with an aim of providing financial services to the clients. Their charter served as a branch of a firm in New York, which offered financial services. In the 1980s, the firm was otherwise referred to as Integrated Resources. Matthew’s passion in the career culminated to his appointment as the CEO of the company.

Outstandingly, Matthew dedicated his time and competency in providing financial advisory services to the clients for over 25 years. With respect to his long services and skills in financials advisory, he has received several recognitions and awards.

 

Currently, Matthew Autterson is becoming philanthropic bearing in mind he has a vast experience in leadership and management. The elite investor using his financial expertise is currently involved in setting up projects which aim at helping people in the society. For example, he has been currently involved in the Denver zoo foundations that deals with protection and maintenance of the zoo, Matthew is part of the founders of a hospice in Denver. In addition to this, he has been actively involved in firms that deal with biosciences like CNS Bioscience Inc., which he is leading with the help of experts in coming up with a drug that would cure neuropathic pains.

 

Matthew Autterson is also among the founders of FAB which is a biosystem organization that was established in 2013. FAB works so as to ensure people suffering from neuromotor illnesses get knowledge and medical help so that they can live a comfortable life. Some of these illnesses are quadriplegia and paraplegia among others. FAB comes up with vehicles and other kinds of motors which can be used by people affected by these neuromotor disabilities. He believes that everybody deserves an equal chance of happiness in life and nobody should feel less important. Visit This Page for more information.

 

Most of the activities in which Matthew is involved in are always about Denver which is hometown and thus the prestigious finance expertise is practically giving back to the community which he hails from.

 

See: https://medium.com/@matthewautterson