GreenSky eschews revolutionary disruption for creating real value

In the battered fintech sector, one company has weathered the industry’s perennial challenges and come out on top. GreenSky is one of the only remaining fintech companies that has proven to have a truly profitably business model that has made money year in and year out.

The company was founded in 2006 by polymathic entrepreneur David Zalik. Zalik had been tossing the idea for GreenSky around for a couple of years. As a principal in e-consulting firm Outweb, he had worked extensively with some of the biggest players in the home-improvement business. He realized that there was a huge opportunity for someone who could help contractors to overcome the sticker shock that many customers were experiencing as job bids came in wildly above what they had expected.

What Zalik realized is that the home-improvement game was an area where everyone involved could consistently profit with near certainty. The homeowners themselves could proceed with projects that would have otherwise certainly fallen outside of their budgets. This would allow homeowners to create the living environments they desired as well as helping them to increase the value of their homes.

At the same time, the GreenSky platform has been a godsend for contractors. Before, contractors had no way of providing bridge financing to customers. While bridge financing is a critical part of larger real estate development and improvement projects, with major real estate developers having access to sophisticated credit lines that allow them to stay nimble as investors, few, if any, average Americans have access to the kind of 5- and 6-figure revolving credit that is often needed to complete major home renovation projects. Now, GreenSky had provided these customers with the functional equivalent of bridge financing for individual homeowners.

Finally, because the average GreenSky borrower has a FICO score of 760, the lenders themselves were able to benefit from their relationship with GreenSky by padding their books with top-quality loans. GreenSky currently works with 14 of the top lenders in the United States, including Fifth Third Bancorp, Sun Trust and Region’s Bank. The company is positioned soundly for continued growth.

https://www.glassdoor.com/Reviews/Greensky-Reviews-E937061.htm

Shervin Pishevar believes fractional reserve banking system itself may be inherently unstable

Shervin Pishevar ranks among the most noteworthy financial experts in the United States today. As the founder and CEO of Investment company, he has personally overseen the formation of some of the most important tech companies of the last decade. Some firms on which Shervin Pishevar has labored to form include Virgin Hyperloop, Uber and Airbnb. He has also formed a number of highly successful tech firms on his own, including Social Gaming Network, Ionside and WebOS.

But it is on Twitter where Shervin Pishevar has become known to many outside the cloistered world of tech venture capital. With more than 100,000 followers on his Twitter feed, Shervin Pishevar has helped to spark many conversations on some of the most important topics that are confronting the nation. One of the more frequent areas that he visits is the role of central banking and, indeed, the entire fractional reserve banking system itself.

Pishevar has repeatedly noted that the concept of maturity transformation — the matching of short-term deposits with long-term loans — is an inherently unstable thing. He says that the entire concept of maturity transformation can only work when there is an ultimate guarantor of the demand deposits that fuel the entire long-term lending industry. In the case of the United States, that guarantor is the Federal Deposit Insurance Corporation. But this creates two serious problems.

This first problem is that it leaves the government on the hook for potentially bad loans. This makes it easier for banks to lend to otherwise poor borrowers. This is precisely what transpired in the 2008 financial crash where banks suddenly made massive amounts of bad loans to borrowers who had little prospect of ever paying them back. If a bank suddenly became unable to meet withdrawal demands from depositors due to non-performing loans, the FDIC would step in and ensure that bank’s ability to continue operating.

The second problem is that such a system radically suppresses interest rates. To see how, consider what interest rate the typical person would need to charge to lend out $100,000 if they were unable to use most of the principle for 30 years. It would be far higher than current mortgage rates, possibly by 20 or 30 percentage points.

https://twitter.com/shervin?lang=en

A conversation With Guilherme Paulus

Brazilian born international entrepreneur Guilherme Paulus is one of the most successful individuals in the country. The father of two is in fact listed on the Forbes list of billionaires and is considered as one of the wealthiest individuals in Brazil.

He sold a majority share in his company CVC Brasil Operadora e Agência de Viagens S.A. to the Carlyle group for more than four hundred million dollars and runs a chain of hotels better known as the GJP network whose assets surpass the six hundred-million-dollar mark. This venture is one he owns, solely. His life was not one lived on a silver platter, but one full of struggle and eventually succeeding. In an interview, he opened up about some of the most important aspects of his life and the businesses he runs.

Like Guilherme Paulus on Facebook

The idea of CVC Brasil Operadora e Agência de Viagens S.A. where did it come from?
Guilherme Paulus admits that his former business partner Carlos Vicente Cerchiari who he met when working for Casa Faro was really the brains behind the company. He had met him during a trip and having no money to invest by the time the business began which meant that he had to work for the company for free to earn his share. They worked together for four years before parting ways, leaving him running the entire operation.

Trends that excite Paulus
Technology and how it’s making every aspect of life easier and interactive is one of these trends. Guilherme Paulus had long embraced technology given his early interaction with the same when he worked for IBM. He would later become one of the first people to have a web portal for his company where they would advertise their products at a time when the Internet was barely available in some regions of Brazil.

Habits that make Guilherme Paulus more productive?
He admits that he loves to travel, but he uses this to his advantage as he incorporates work in his travels. He visits many new places in the country, but at the same time takes the opportunity to scout for new locations for his hotels. He has been able to get some of his best sites in this way.

Daniel Taub

Daniel Taub, a high-ranking official within the Foreign Ministry’s general law division, recently revealed that he is the mind behind, “Rebbe’s Court,” one of the highest-rated soap operas in the history of the Tchelet television station.

While this may seem to be out of the ordinary for one of the most consistent proponents of Israeli culture, those who know Mr. Taub would consider it just another genius cog manifested from the mind of this incredible forward-thinker. Prior to the release of “Rebbe’s Court” to the masses, it was just a casual idea thrown out by Mr. Taub during a think tank where ideas regarding the implementation of news shows for the upcoming Tchelet station were being discussed.

Although Daniel Taub had no real intentions to write the script for the soap opera at the outset, once he conveyed what would potentially be a cross between existing soap operas “The Chosen” and “Dallas,” he was quickly convinced to do so. This resulted in him taking part in the writing of 26 episodes. Read more: Daniel Taub | Crunchbase and Daniel Taub | Wikipedia

The importance of creating “Rebbe’s Court” for Mr. Taub was the potential to discuss a number of current issues affecting the secular and traditional Jewish-Israeli citizens of the region. For many years there has been a sort of unmovable barrier between the religious and secular factions of the Jewish-Israeli culture; a problem that consistently plagued his mind.

Once formally produced, the Jewish-Israeli diplomat would see his show take off almost immediately, taking his already high profile, to the next level.

Daniel Taub’s background in writing and communication can be traced back to his time as the captain of the debate team during his time at Oxford University. Shortly after honing the skills that have made him such an impactful ally to the Jewish community, he decided to relocate to Israel in 1989, bringing with him, his wife Zehava and his eldest child. Learn more about Daniel Taub: http://www.behance.net/danieltaub and http://www.daniel-taub.com/

Shortly after his relocation, he began a personal relationship with Chaim Herzog, helping to assist him with many of the speeches that he delivered to the people of Israel.

This was his initial foray into the political arena, and after serving as a combat medic in the Israel Defense Forces, he joined the Foreign Ministry, forming a tight-knit relationship that has followed his career up to this point. Although he has achieved unheard of success for a diplomat of any kind in the world of television, Daniel Taub has no intention of leaving his post anytime soon.

How Adam Milstein Combines Being a Businessman with Being a Philanthropist

As an active philanthropist and business owner, Adam Milstein is a very busy person. His company, Hager Pacific Properties, is a company in Southern California with properties all over America. As a philanthropist, he is focused on issues that affect Israeli-Americans and the state of Israel. He has said that his philanthropy makes his day-to-day work at his company more satisfying and fulfilling and that both of these activities go hand-in-hand very well.

Adam Milstein grew up in Israel. He was a member of the IDF and was actively serving during the Yom Kippur War. Afterward he attended the Technion and graduated in 1978. He soon made his way to the United States where he earned an MBA by attending Southern California University. He was a real estate commercial broker for about three years before deciding to invest in properties himself. That was when he founded Hager Pacific Properties and became its managing partner. His role at the company is to manage the company’s finances and day-to-day activities.

There are a large number of Israeli-American nonprofits that Adam Milstein is affiliated with. He has served on the board of a broad number of nonprofit organizations including the Jewish Funders Network, AIPAC National Council, Israel on Campus Coalition, and Hasbara Fellowships among others. He is also one of the co-founders of the Israeli-American Council and serves as its national chairman. In this role he advocates about issues important to Israeli-Americans and the ties that bind the state of Israel and the United States together in many important ways.

The Adam and Gila Milstein Family Foundation is the organization that Adam and his wife, Gila, established in order to financially support the causes that are important to them. They have supported well over 200 separate organizations over the years. They have also paid the costs of over 1,000 students visiting Israel in order to learn more about it. Their main focus is on educating young Israeli-Americans about their roots and the importance of the state of Israel in their lives and the broader community.

Twitter: https://twitter.com/adammilstein

José Auriemo Neto & JHSF: Pioneering Real Estate Development in Brazil

JHSF emerged after a family disagreement in the 1990s. Jose and his brother, Fábio Auriemo, were partners in the original construction company known as JHS. JHSF is highly respected for its pioneering work in the Brazilian real estate sector. Its daring, quality, innovation, and ability to provide sustainable development projects and solutions are some of the company’s outstanding characteristics.

A leader in the high-end real-estate sector of Brazil, JHSF maintains considerable participation in commercial and residential incorporation, the administration and development of high-end hotels, shopping centers as well as an international business airport. The company is made up of 4 core business units: Incorporation, Shopping Center, Airport, and Fasano Hotel & Restaurants.

Expanding Business Ventures

As the Company grew, it consolidated its strong presence in cities like São Paulo, Manaus, and Salvador, also extending its reach internationally to operate in Miami, New York, and Punta del Este in Uruguay. JHSF also owns several star studded buildings of a commercial nature. One of the most prominent is Nations. Located on Hungary Street, this is the former seat of the now bankrupt Banco Santos. Currently, it houses the well-known law firm Pinheiro Neto, which is said to pay a rent of around 800,000 Reais monthly.

José Auriemo Neto, Chairman, JHSF Board of Directors

Recently, José Auriemo Neto, the CEO & Chairman, JHSF Board of Directors moved with his family for a 6-month stay in New York. All this was done so that he could follow closely the construction of the Marginal Pinheiros high-rise complex facing Central Park’s 5th Avenue. The complex is made of a 180 stores shopping mall, 4-offices, 9-residential towers, and one mixed use. A section of the complex will have apartments while the other will host a Fasano brand hotel.

About one month ago, José Auriemo Neto signed a new agreement with Daslu that paves the way for the store of Eliana Tranchesi to open their outlets in upcoming shopping centers in Brazil that JHSF intends to develop. In September, José also launched in Porto Feliz an AAA class allotment and bought some space in Punta del Este where he intends to create a similar project.

https://www.crunchbase.com/person/jose-auriemo-neto#/entity

The Motivating Mike Baur

Looking at different successful people, what makes them so successful? Some may say it is where they come from or possibly their education. These are great points, but the one thing all successful people have in common is the fact that they do not settle. For example, business man Mike Baur. He never settled at any job or position.

Mike Baur is a business man and entrepreneur from Switzerland. He thrived in the career of banking. The first bank where he found quick success, raised him to a higher position. Although he could have stopped there, he did not. Mike Baur left this position and pursued a position with another bank. Giving the best financial and investing advise, he was also very successful with this bank. This challenging career help him grow and learn, but he knew he could do more. The banking world grew Baur. He was doing amazing with these jobs, but he had thirst for much more.

That is when Mike Baur left the regular banking world behind and became the co-founder of Swiss Start Up. This is what he really had a passion for. This company helped entrepreneurs, focusing in the tech world, start up their business. These investments helped many grow and transform ideas into real products and businesses. Not only do they invest money, but support and training. Setting them up for success is the main goal. During this time, Baur also took on responsibilities in other similar, and positive organizations.

On top of co-founding the amazing organization, Mike Baur created Think Reloaded. Taking full advantage of his financial and banking experience, he used this firm for financial advise. This is where the support for Swiss Start Up participants comes from. This was easily done due to his experience and the education he gained from working in the banking world. He used this information to build on his idea and continue to grow the Swiss Start Up.

Mike Baur never settled for one position. He constantly pushed for growth. With this constant growth and movement, came great success. To be successful means to push the boundaries and never settling.

 

Igor Cornelsen: Advice For Investing

Igor Cornelsen is a businessman. He is also reported to be one of Brazil’s leading investment and finance experts. In a recent online article, Cornelsen spoke to ThePerfectReporter.com. They discussed a number of subjects including Brazil, the country’s economy, his career and various investment opportunities.

Cornelsen has watched Brazil become a country with a strong economy. He believes it is ready for significant growth.

He has, in fact, used his observations when writing a number of guides and articles on the subject of investment and is quite willing and able to offer advice to anyone who is interested in investing in the economy of Brazil.

Network With Locals

With almost a quarter of adults in Brazil considered to be entrepreneurs, Igor Cornelsen believes it is quite easy to locate individuals willing to discuss entrepreneurial ventures.

Generally, most Brazilians are very open to foreigners looking to invest in their businesses and welcome their involvement.

Cornelsen thinks that the current knowledge Brazilian business owners possess can be even more valuable than reading a business guide that was written by someone who has not been to Brazil for years.

Know the Rules

Interested parties should know that when it comes to certain types of investing, the market in Brazil is a bit more regulated than some others. In general, taxes can also be very high and unlike the U.S., there are specific rules when it comes to hiring employees, too.

Although the country’s economy has apparently grown, the Brazilian government still imposes numerous regulations reported to be for the country’s protection. Cornelsen advises investors to educate themselves about all applicable regulations. He suggests studying the restrictions on foreign currency transactions prior to actually making any investments there.

Igor Cornelsen states that while some barriers yet remain for foreign investors, said barriers can be breached by investors who are resourceful and dedicated enough.

He believes that if an investor keeps current on all the local business news they will no doubt discover different success stories concerning foreign investors that have not only scored big payoffs but additionally helped the local economy to expand.

Read more: Igor Cornelsen fala sobre os bancos brasileiros e o que fazer antes de investor and Igor Cornelsen gives you the basics on Brazilian banking