Even though the bursting of the dot-com bubble culled some of the crazier elements from the world of tech, the sheer inertia and cash inflows that the industry has enjoyed have continued to give rise to a culture of excess and pretension.
This is most apparent in the corporate cultures of some of the largest Silicon Valley corporations where destructive Marxist folk heroes like Che Guevara are often held in higher regard than Milton Freidman or Adam Smith. Corporate headquarters are often adorned with such out-of-place accoutrements as ping-pong tables, video-game arcades, beanbag chairs and even on-site beer dispensers. This college-dorm atmosphere may help in recruiting hard-partying frat members. But its overall utility in the business world is highly questionable.
GreenSky Credit takes the no-nonsense approach
But GreenSky Credit founder David Zalik saw through all that from the beginning. And his sensible approach to business went much further than just surface appearances. Zalik has consciously eschewed all of the trendy techy stuff, creating a headquarters with 650 people that looks like any other serious Midwestern enterprise. And in its business, GreenSky Credit has never sought to tear down the system and replace it with some financial utopia. Far from it, Zalik has concentrated on working within the system, using technology to eliminate frictions and create a more responsive and efficient marketplace.
This goal has been met by almost any standard. GreenSky is currently worth an estimated $5 billion. The company does approximately that number in loans every year while growing at a phenomenal rate of around 100 percent each year. Zalik has accomplished this by doing the exact opposite of what many of his wayward fintech competitors were attempting.
GreenSky loans money only to those in the prime borrower category. The typical GreenSky customer has a FICO score of 760, making them among the most creditworthy applicants. And this high quality of borrower has enabled the company to make an easy case to lenders to partner with it. With some of the largest and most trusted banks in the nation underwriting its loans, Zalik and his company are poised to stay at the top of the fintech game for the foreseeable future.
Guilherme Paulus is a veteran hotelier and an intelligent entrepreneur from Brazil. He heads the advisory board a top tour company known as CVC Brasil. He also owns and manages GJP Hotels and Resorts, a series of hotels and resorts located across the nation. He joined IBM as an intern, and today is one of the prominent investors in Brazil. How did he manage to rise from an intern to one of the most powerful entrepreneurs in Brazil? Inspirey.com had on opportunity to speak with Guilherme Paulus to help answer this question.
GJP Hotels and Resorts boasts a strong nationwide presence and its portfolio consisted of more than 20 reliable hotels and resorts. It operates high-end hotels in Salvador, Rio de Janeiro, Recife, Sao Paulo, and Maceio. Managing over 5,000 workers, The GJP brand is one of the leading employers in Brazil. Since Guilherme Paulus unveiled his first hotel 23 years ago, he has served hundreds of thousands of clients.
Origin of CVC
Paulus admits that a state deputy called Carlos Vicente Cerchiari came up with the idea of establishing a tourist company in Santo Andre. Since he was young and cash-strapped at the time, the state deputy suggested a plan that will see him offer capital while Paulus handle the management part. Paulus accepted the challenge and left Casa Faro. The two business associates set up a store on a busy street close to the exit of a cinema. They worked together for 4 years, and then Paulus went alone.
How Do You Boost Your Productivity
Paulus makes numerous trips to where his hotels are located, and he remains close to the everyday operations of his businesses. He considers his engagements and interactions with workers and customers as one his most productive routines. He admits that he has never abandoned the day-to-day business.
What Advice Does Paulus Give to Upcoming Entrepreneurs?
According to Paulus, budding entrepreneurs will accomplish their dreams if they love what they do unconditionally. He advises them to put more effort and stay attentive to the unique needs of their clients, changes in the behavior as well as consumption. He also encourages them to expand investment portfolio and target different markets.
Paul Mampilly is an investment guru in the United States. He has been in the financial sector since 1991 when he joined Bankers Trust as an assistant portfolio manager. The holder of MBA from Fordham University is one of the people who have a good grasp of the financial sector. He can make predictions about the direction of the industry in an easy way. Through his experience, he has known how the financial sector behaves and therefore knows when to invest and when to stay out. Mampilly spent many years in the Wall Street trading for the big investors but later decided to change tact. Visit the website paulmampillyguru.com to learn more.
After working for Bankers Trust as an assistant portfolio manager for a few years, he gained the experience and know-how to manage the investment. He moved to bigger banks where he could manage accounts worth millions. He worked with Deutsche Bank, ING, and Bank of Scotland. He was able to learn what it takes to manage millions of dollars. With this experience, he was now ready to move to the other level of growth which was trading accounts worth billions. He joined Wall Street where he worked with a hedge fund known as Kinetic Asset management. View Paul’s profile on Linkedin.
In Wall Street, Paul Mampilly had the opportunity of working closely with the biggest names in the financial sector. He shared thoughts about the market and even competed with them. With Kinetic Asset Management, he recorded huge results which saw the hedge fund ranked as the best in 2006 by the Barrons. The hedge fund made 26% gain in that year. After working in the Wall Street, he felt that it was time to move. He decided to go out and help the majority of the investors who were trying to make it in the industry. However, even before he went out of the industry, he made sure that his impact was felt. In 2009, there was a competition which had been organized by the Templeton Foundation, the competition brought together the best traders in Wall Street for a competition. It happened while the world was facing the infamous financial crisis. Paul Mampilly made history by emerging the winner. He turned $50 million to $88 million without shorting his trades.
After proving that he was the best in Wall Street, Paul Mampilly moved to the other step which was teaching the people how to trade and invest wisely. Since 2016, he has been working with the Banyan Hill publishing in creating materials that will teach the Main Street Americans about investment.