CEO Reaching For the Sky With GreenSky Credit

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.

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Sahm Adrangi- Accomplished entreprenuer

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.

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