GreenSky Goes Public After A Phenomenal 12 Years

GreenSky arranges loans for home improvement projects to property owners across the country. Customers can apply for the loan online via tablet or smartphone using the company’s mobile app. At the point of sale, the contractor can even get it started for them by simply scanning their ID card. The customer will receive an answer within minutes as to the loan status.

The company is based in Atlanta, GA. One of its co-founders, Mr. David Zalik, serves as the firm’s Chief Executive Officer. David, long considered a math whiz, founded the company in 2006. The firm went public recently, and the stock rose by 1.5% on the first day. GreenSky is considered to be one of the best fintech companies. The company does not lend the money itself. GreenSky will match a customer with the lender to orchestrate the loan. They will loan money up to $65,000 for the more costly home improvements such as kitchen or bath renovations, roofing jobs, and more. Greensky works with some of the large retailers and contractors, and they in turn make the service available to their customers.

After 12 years of running the company privately, the IPO produced tremendous results for all involved parties. GreenSky had projected sales of 34 million shares, and instead 38 million shares were sold that raised $874 million. David Zalik, as well as the other co-founders, the management team, and the investors will all share in part of the proceeds. David is still a majority owner of the company, and it is reported that his net worth is currently $2.5 billion.

The company has been successful starting from its early days as a new startup. Loans totaling approximately $12 billion have been issued to 1.7 million customers over the years. In 2017, they quietly acted as middleman for close to $3.8 billion in loan volume, and that figure represents an increase of 30% from the year before.

https://www.linkedin.com/company/greenskyinc

Stream Energy supports corporate America philanthropy

Corporate America is extraordinarily generous, judging from statistics. In 2016, over $19 billion was given by American businesses for reasons in the country and abroad. This figure is not inclusive of others spending the businesses make in the course of the philanthropic activity. Some monies go into marketing the cause, and payment of employees and effort towards the cause. In short, the money spent every year in philanthropic and charitable causes by American companies is too much.

One company which forms part of philanthropic corporate America is Stream Energy. The Dallas-based selling energy firm has been involved in charitable and philanthropic causes for the past one decade. The company has a long-term relationship with humanitarian organizations such as the Red Cross and the UN-Habitat for Humanity. The organization has also been working with its employees to deliver funds to the local community’s initiatives. Through the efforts that the company has shown in recent years, it has created a great track record among its customer.

Stream Energy was one of the companies which came out strongly to support the Houston community when they were affected by the Hurricane Harvey. The company came out and gave funds which went to the recovery mission. Since then, it has also created a foundation that will deal with corporate philanthropy going on. Stream Cares has been created to spearhead the philanthropic operations of the company. We are living in a period when corporate philanthropy is taking center stage as a critical method of branding.

Stream Energy deals with energy selling. They have created a well-established company that has recruited loyal clients and ensures that they deliver product and services to the customers wherever they are. They deliver quality services for the residential and corporate sector. The company recruits people and rewards them through commissions. The company is concerned about the state of its customers, and that is why they are doing everything possible to help. They take care of the homeless people in Dallas. The company has set out itself as a solutions provider in an industry that is affected significantly by lack of sufficient services providers. In case of challenges, Stream Energy offers an immediate response.

https://www.businesswire.com/news/home/20111116006081/en/Stream-Energy-Offers-Customers-Exclusive-Bill-Payment

Biggest Predictions from the Shervin Pishevar Tweet Storm

Every once in a while, a big name in the tech world goes on social media and creates a huge dust up. Well, one of the biggest social media events happened right on Twitter. And the big tech name behind the Twitstorm was early Uber investor Shervin Pishevar. During his 21-hour Twitstorm, Mr. Pishevar made a number of hair raising predictions. Here are some of the highlights from the social media blitz from Mr. Pishevar.

The Dow Will Collapse

One of the first predictions made by Shervin Pishevar was that the major US indexes, such as the Dow, would fall into bear market territory. Specifically, Mr. Pishevar said that the Dow would fall 6,000 points. If that prediction comes to past, we could see some of the largest decline, in the index, in the last decade.

Bitcoin Will Also Fall

The world’s largest cryptocurrency was also Mr. Pishevar’s crosshairs, either. In a later tweet, the tech titan predicted that Bitcoin would nosedive from its heights in 2017. This tweet actually turned out to be true since Bitcoin did indeed plummet from a high of $20,000 to the high $5,000 range.

Start-Ups Will Look Beyond Silicon Valley

Another shocking prediction from Shervin Pishevar stated that start-ups will look to other places to hang their shingle rather than Silicon Valley. Instead, Mr. Pishevar believes that tech start-ups will stay where they are and work remotely with their customers and their partners.

American Infrastructure is Falling Behind

Looking outside of his usual tech circles, Shervin Pishevar stated that the United States is being outclassed in the global infrastructure race. The Silicon Valley executive believes that other countries, such as China, will be able to outperform the United States when it comes to building out cities and transportation hubs.

These predictions marked the first time, in months. that Shervin Pishevar made any public statements. And these Tweets, from Mr. Pishevar, have been shared tens of thousands of time all over social media. As the months past, people will soon see which of these incredible predictions will come true.

https://judiciary.house.gov/_files/hearings/pdf/Pishevar%2009142011.pdf

SoftBank Looks to Branch Out With $3.3-Billion Acquisition of Fortress Investment Group

SoftBank was established nearly four decades ago. All along, this firm has turned from one focus to the other as it grows and become successful. Through the acquisition of the fortress investment group, which is a leading firm in the investment management, SoftBank has set the stage for its next development that is to become the leading investment service firm in the world. Although the $ 3.3 billion procurement is a big deal, it does not stand to influence the Fortress Investment Group daily operations in a significant way. This way, the SoftBank has agreed to remain hands-off in the management of the Fortress Investment Group assets mainly to handle the regulatory hurdles.

While the SoftBank trace its establishment back in the 1980s, the Fortress Investment Group, on the other hand, is considerably newer. Randy Nardone as the CEO and Wes Edens as the co-founder founded Fortress in 1998. Today, this firm has more than 20 years of experience in the asset management, and it manages various ventures on behalf of more than 1,750 institutional and investment clients. As the part of the deal, Fortress Investment will continue to serve independently, and it will retain its headquarters located in New York City.

Why SoftBank Acquired Fortress Investment Group

In the business operations, the acquisition has a lot of essences. For instance, an investment firm can acquire a new venture to expand its reach or to diversify its assets logically. Although sometimes acquisition makes no sense to the outside world, it definitely adds a lot of value to the parties involved. The most shared question on people’s mind, however, is why SoftBank a multinational holding, which primarily deals with internet and tech startup, would have a particular interest in the fortress.

However, the deal between these two firms makes more sense when analyzed from their historical perspective. This because these firms have followed different professional pursuits to branch-out their services and expand their reach. For both of them, they have considered rebranding and merging new ventures to remain relevant in their operations and to stabilize their activities in their local markets and abroad.

Read More: craft.co/fortress-investment-group

Peter Briger Transforms Fortress Investment Group to an Alternative Business

At the age of 51, Peter Briger has managed to enter the list of the renowned world’s billionaires as indicated on the Forbes list. This is a very impressive perception that has inspired a lot of young investors who wonder if they can achieve their dreams before the retirement age catches up with them. Having graduated with a bachelor’s degree in Business Administration from the Princeton University, Peter Briger decided to advance his education by pursuing a master in the same discipline at the Wharton School of Business. Here, he performed excellently, and the investment companies were all willing to welcome him to their teams to exploit his extensive abilities.

Shortly after the completion of the degree, he was employed at the Goldman Sachs where he kicked off his career in investment and finance. At Goldman Sachs, Peter Briger served in various roles ranging from operational to management and also the leadership ones. This gave him a clear opportunity to showcase his abilities in the running of the company’s operations. As he continued with the employment at the reputable bank, Briger also enrolled in some supplementary educational programs where he tried to enhance his skills and knowledge in the finance and investment field. His main focus was on the management of real estate, hedge funds and also the distressed assets. These were very crucial advancements that came to help him in the value addition to the Fortress Group.

After working for the banking organization for two decades, Peter Briger was invited by the principals of Fortress Investment Group to assist them in the transformation of the company from a private equity manager to an alternative investment business. This was because the principals understood that Briger had some unique expertise in the management of the credit and hedge fund sections of the investment market. This was a great opportunity for Peter Briger to showcase his proficiency in the field of investment management. He joined Fortress Investment Group in 2002 and immediately became a co-principal, alongside the previous two principals, Randal Nardone and Wes Edens. Briger introduced hedge funds and credit funds to the company’s portfolio, an aspect that led to the great increase of the organization’s value of assets. Original source