Category Archives: Application

Impact of Sahm Adrangi and Zalik

GreenSky is a tech company which has changed the real estate industry in America. The main objective of the organization is arranging loans for families which want to undertake home improvements. As a result, the organizations prides its image on a different technology startup compared to others within the market. The company was founded by mathematics guru known as the David Zalik. One of the unique characteristics of the CEO David Zalik is his shyness towards the press. In many instances, he has turned down invitations to speak at the conference as well as presentations. In addition, he does not believe in the idea of raising capital outside the business, and this has enabled the firm to experience significant growth without a huge burden of debt.

The management approach adopted by the GreenSky has challenged other Silicon Valley beliefs of the importance of staying private for the long operational duration. However, GreenSky is on the brink of launching an IPO, and according to The Wall Street Journal, the company could raise $ 1 billion at the valuation of $5 billion. In the course of going public, the company has diverted from other well-funded companies such as Credit Karma, Uber, and Stripe. The main reason why many companies have steered off the IPO debate is that of the pressure arising from the investors and other shareholders on issues to do with quarterly earnings as well as profitability. Unlike many startups which depend on the public for funding, GreenSky is different, and Zalik did the opposite by working with the bank for the benefit of raising capital. Through its partnership with large banks such as SunTrust, Fifth Third, and Regions  the ones which hold the loans in the balance sheets.

In the course of the doing business with the banks, GreenSky receives one 1% of the balance each year. In order to meet the high market demand, the company has employed the services of more than 17000 contractors  who are doing the heavy lifting. Each customer who wants to engage in homemakers can access up to $65000. As a result, each loan disbursed enables the company to generate 6% on the loan amount. The application of the loan is done online using smartphones and decision of lending or decline is received in a matter of seconds.

ClassDojo: The App That Will Make You Parent Of The Year

Imagine you are working two jobs to support your family. Because of your commitment to making sure food is on the table and there is a roof over your family’s head, you can’t put a lot of energy into school functions. You missed your daughter’s music debut in the holiday musical or your son’s acting debut in the school play. On top of all that, it’s difficult for you to be present in the child’s academic endeavors. After you have worked twelve hours a day for six days in a row, you are just beat and want to sleep and/or relax.

That’s where ClassDojo comes in. Parents can now download an app into their phone and stay up to date with their child’s school activities and academics. Once a teacher has the parents sign up and sign into the app, they can do many things to keep the parents in the loop with what’s going on in the classroom.

Suppose you have to work which will make you miss your child’s performance in a play. All the teacher has to do is record the play and put it on the app. All parents will have the ability to go onto the app and watch their child’s performance. What if your child accomplishes something in the classroom that is normally difficult for them. A teacher can load that moment into the app and send it to individual parents as well. Perhaps one of the best features is that when a teacher gives points or stars or any other kind of achievement award to your child, a parent can go right onto the app and see what they got the award for.

Students can also participate with this app. They can sign into the app and add pictures, along with other things that they would like for their parents to see.

This is a great app and concept to keep working parents aware of their child’s school activities and achievements.