GreenSky Credit is an a typical finance company headquartered in Atlanta that provides loans for housing and home-improvement projects and is doing extremely well. Its CEO, David Zalik, co-founded the company in 2006 and, since then, has stood out for not only his success but also for – unlike many other financial startups – having no difficulties working with big banks. Among other things, GreenSky Credit generates and services loans for major banks and earns tidy profits as a result.
The company is known for being “frictionless.” In fact, clients can apply for a loan on their cell phone and get a decision within seconds. While GreenSky Credit rarely offers loans over $65,000, they do a tremendous volume of business, and they farm out some of their services to contractors to reduce overhead.
Zalik has become a billionaire through his company, but he’s not the type to toot his own horn; in fact, he rarely gives interviews or speaks with the press. Nevertheless, Zalik is drawing headlines in the financial press by taking the first steps towards making GreenSky Credit public, and an IPO to the tune of five billion is being forecast. Because of Zalik’s comfort in both the corporate and startup communities, the Wall Street debut of his GreenSky Credit is something savvy investors are looking forward to.
While running a highly innovative company, Zalik is known for his old-fashioned financial conservatism. The culture at GreenSky Credit isn’t like the go-go image that many startups present. There are no ping-pong tables at the office or catered concerts by rock stars for employees. Like Warren Buffet, Zalik doesn’t waste a penny no matter how successful he becomes. Perhaps this attitude comes from the company’s humble origins; for the first eight years of its history, Zalik relied on a mere 10 million, raised with his own real estate as collateral, to keep the operation going.
Sahm Adrangi is the backbone of the growth of Kerrisdale Capital Management. He has been the force that has driven the company into becoming one of the epitomes of great businesses in the United States today. It is through his dedication and commitment to the growth of the company that he has realized this growth. Kerrisdale Adrangi was founded in 2009, and Sahm Adrangi was the founder. He is actually the person who came up with the initial idea about the company. Under his management, the company has seen yearly increases in the revenue generated by the company as well as an increase in the value of the property managed by the business. As of July 2017, the company was estimated to be worth $150 million, which was a great return noting that it had not been in business for more than a decade. This is a commendable job from Sahm Adarangi given that he had taken over the management of the company with just $1 million. He has shown that every dream is valid as long as there is dedication and commitment to getting the right results.
Kerrisdale Capital management recently made a decision to specialize in areas of business where they thought they were best at instead of trying to handle numerous activities which would bear no fruits. The hedge fund has been dealing with investments in the biotechnology sector where they believe there are many lucrative deals. Sahm Adrangi has made sure that the operations of the company are directed towards some lucrative deals in the business sector that will allow the company to record good results.
Sahm Adrangi is talented not only in the management of businesses but also as a motivational speaker. He is one of the people who has made a significant contribution in influencing aspiring entrepreneurs not to give up on their ambitions. He has shown that as long as he made it with Kerrisdale Capital Management, anyone else can. He did not have the fortunes to take the company in the way he would have wished for, but he still made it through dedication.
Mike Bagguley’s Crunchbase profile lists him as a businessman who lives in London, England. He graduated in 1988 from the University of Warwick and holds a degree in mathematics. He now works of Barclays PLC as their chief operating officer, a position he has held since June 2016. Prior to this, he had been the leader of Barclay’s macro markets business. In that position he had been tasked with creating greater efficiency, reducing costs, and increasing profitability. His success in this led to his promotion.
As the COO of Barclays’ Mike Bagguley reports directly to this company’s top executive, Tom King. This bank is in the process of overhauling its strategy and Mike Bagguley is responsible for accelerating this effort. As part of this, they have cut 7,000 positions over the course of three years and have also streamlined the investment banking side of the company. He has a lot of experience doing strategic overhauls. He put in place a new strategy when he was heading the macro markets business as that division had been hit hard by a cyclical decline as well as structural issues he inherited. After Mike Bagguley took on the role of COO at Barclay’s he also joined this bank’s executive committee as a board member.
When Mike Bagguley led the macro market business he was able to turn this division around. Revenues were up in the first year he was on the job by 3 percent. Income revenues from fixed income were down just 2 percent compared to other Street banks which had average fixed income drops of 25 percent. His efforts led to Barclay’s being one of just two banks to show better FICC revenues for 2014.
It was in 2001 that he first joined Barclay’s. He started out working on the fixed income trading desk. After working in London for a few years he was promoted to more senior roles and worked in New York, Tokyo, London, and Johannesburg.
Jeunesse Global has risen to become one of the most important brands in the global health and beauty industry. Starting from the humblest beginnings, Jeunesse went from a garage-based startup that was the brainchild of a retired Florida couple into one of the most rapidly expanding and high-selling companies in the world of health and beauty.
But as unlikely as this story sounds, Jeunesse cofounders Randy Ray and Wendy Lewis were no ordinary Florida retirees. The couple had been known for decades as two of the most accomplished entrepreneurs in the North American direct-selling business, having formed dozens of companies that were highly successful.
As Ray and Lewis approached their 70s, they thought they would give retirement a try. But the couple didn’t anticipate the loss of action, excitement and meaning that would come with endless days of idleness and boredom. Within just a couple of weeks, Ray and Lewis had already resolved to start another company. They began selling a few health and beauty products out of their garage. And the rest is history.
Throughout the growth of Jeunesse, the driving factor behind the company’s success has been its ability to spot market niches that had gone unanswered by the biggest names in the industry. One example of the company’s innovative products is its Instantly Ageless micro-crème and facial cleanser.
Instantly Ageless was conceived as a low-cost means to deliver salon-quality care to those who require high-end skin cleansing but have neither the big money nor the big time required to go to salons. Instantly Ageless also packs one of the most potent anti-aging substances known to modern beauty care. Called APT-200, Jeunesse Global’s patented anti-aging molecule has been clinically demonstrated to erase the worst effects of aging from users’ skin.
APT-200 is able to reduce wrinkles, prevent the formation of new wrinkles and restore youthful elasticity that has been lost to the aging process. The molecule is also able to give facial skin a healthy and vibrant glow that only Jeunesse Global products can deliver. It is one of the many products that Jeunesse has developed to create Generation Young.