Category Archives: Innovative Company

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.

https://www.kununu.com/us/greensky-credit/reviews

Google’s Rising Claim to Fame

You’re very familiar with Google. You don’t live under a rock. But within the past decade Google has made significant strides as an internet and software industry as they continue to expand globally. So what is their real claim to fame and are they going to continue with their brand of innovation?

Starting after Yahoo in 1998, Google has made leaps and bounds as a trendsetter in all things internet that makes it no surprise their revenues are up. Google is known for taking chances with their newer products and has made a number of acquisitions that has made it a giant of today’s industry. Let’s take a look at the myriad of special products Google has to offer.

In 2007, Google initiated Android, which is now a major competitor to Apple’s products. You may be familiar with the little green robot, but Android has continued to rise above Windows and iOS(Apple) based on operating system market share.

You may be surprised to learn that YouTube, the leading video website was actually acquired by Google in 2006. 4 billion videos are streamed daily with increases in postings yearly.

If you think Google’s reign stops there, you’re sadly mistaken. Google launched Google fiber to enter the Internet provider industry. This service boasts of more reliable connection speeds and give the Internet provider monopolies a real run for their money. They also provide advertisement opportunities to companies like Bulletproof Coffee (company Instagram) making for a win-win situation.

In short, Google continues to shock and amaze us with their innovative strategies and wide variety of services. They don’t show any signs of stopping, so stay tuned for further development as they excel in multiple industries with ease. For a list of popular Google products click here.