The fintech sector has been beset with some spectacular failures over the last few years. Once promising firms that raised billions in capital and promised to revolutionize the banking industry have crashed and burned, annihilated by their own hubris. Many of these fintech companies seemed to be led by executives who were apparently high on their own supply of nonsensical utopian jargon and catchphrases. Concepts like microlending, community sustainability and NINJA loans, which were once staples of the cutting-edge fintech community have turned out to be, to paraphrase Warren Buffet, weapons of financial mass destruction.
A wiseman among fools
But not everyone in the fintech industry has been swept away by mass delusions and the madness of the cloud crowd. David Zalik ranks among the more sober practitioners in an industry overrun with pretension and megalomania. Zalik is the founder and CEO of GreenSky Credit, a company that has been revolutionary in its absolute refusal to follow any of the crazy trends that have consumed fintech over the lasts 10 years.
Rather than attempting to burn the lending industry to the ground to pave the way for completely new institutions to rise from the ashes, Zalik recognized that the best way to make money within the millennia-old lending business was to use technology to allow more of what has been proven to work all along. And that is exactly what GreenSky Credit has done.
The company uses one of the most frictionless apps ever devised for lending to allow point-of-sale retail customers to get truly instant loans for amounts up to the low six figures. While this is far from a revolutionary concept, the real genius in GreenSky’s business model lies in the fact that Zalik has found situations where these loans are creating tremendous value. In particular, GreenSky helps homeowners who otherwise could not complete their big-ticket remodeling projects to do so.
Most of these customers will see large gains in their home’s value above the cost of the projects themselves. And this built-in value creation means that almost 100 percent of GreenSky loans have been paid back in full, making the company’s lending partners trip over each other to get GreenSky business.
Beto O’Rourke has just done something astonishing running as a Democratic candidate for U.S. Senate in Texas. O’Rourke raked in a record-breaking $38 million in just one quarter to bolster his campaign effort — but even more amazing is how he did it.
O’Rourke has refused all large contributions from giant corporations, Super PACs, special interest groups and various millionaires and billionaires who like to “buy” elections. Instead. Congressman O’Rourke is running a strictly grassroots fundraising model. He accepts only small donations from ordinary, average American citizens. More than 800,000 individuals donated to the O’Rourke effort in the past three months. Read more news about the group on USA Today.
A campaign finance reform group called End Citizens United is backing O’Rourke and taking inspiration from his amazing accomplishment. End Citizens United is a political action committee that is dedicated to getting big money out of politics — and if a candidate needs to raise tens of millions to get elected, he or she should do it the way Beto O’Rourke has done it.
End Citizens United was formed in 2015. It is based in Washington D.C. and helmed by CEO Tiffany Muller. The laser-like focus of the group is to stop giant corporations and other Big Money interests from donating huge amounts of cash to political candidates so that they can control them once they get into office.
Ultimately, End Citizens united wants a Constitutional Amendment to overturn the 2010 Citizens United decision by the Supreme Court which opened the way for any entity to donate as much campaign cash as they want to any candidate. That’s a big undertaking since it takes two-thirds of the 50 states to ratify a new Amendment and then a two-thirds approval vote in Congress. Such an endeavor could take years.
But there is a lot that can be done in the meantime, such as electing candidates like Beto O’Rourke. To that end, End Citizens United has endorsed dozens of people running — mostly as Democrats — who share the vision of large-scale campaign finance reform. Flipping the U.S. House and possibly the Senate from Republican to Democrat control would be a gigantic step forward.
There so many different types of technology. For every type of technology, there is a business that crops up around it. This means that new businesses in this field can either succeed or fail, but most do not have good odds. To make your business more competitive you would want somebody who is well-versed in the ups and downs of the technology industry. Alex Hern is one of those individuals that can anticipate the changes in the market and help new businesses navigate those changes in order to ensure their survival. He has proven to be very adept at this task and been instrumental in the nurturance of many new companies.
The focus is one of the biggest things that Alex Hern credits for his success. He has been able to implement a policy of extreme focus when it comes to his most important projects. Typically he will exercise this focus on one project at a time. He explained that he takes about five hours a day to completely focus on just that project. This is one of the reasons why he has been able to successfully nurture the companies under his tutelage. In fact, he recently announced the startup of his company Tsunami XR that will be an answer to a problem that many people did not know they would have in the future.
Tsunami XR is important because it has been designed to be GPU friendly. GPU’s are going to be so important in the future. One of the reasons for this is because they are able to fetch more data. Data is king and when a processing system is able to fetch more of it they become the better choice. While the CPU has always been regarded as a faster option, GPU use possesses an ability that makes them a better one. Instead of stacking one or two CPUs to retrieve data faster, companies can stack a multitude of GPU’s that will then queue up information and deliver it in one steady stream. This makes the GPU a much more economical solution. Alex Hern anticipated this change in the future and has been cultivating Tsunami XR to help with those needs.
Jacob Gottlieb is the founder and head of Altium Capital. Gottlieb has made quite a name for himself in the investment world. His love of investing began in high school when he won a stock-picking contest. After high school he a B.A. (Magne Cum Laude) Economics from Brown University. With the intention of pursuing a medical career, he then earned an M.D. from NYU Medical School. However, after obtaining this degree he decided that a career in investing was the life for him. Therefore, in 2001 he worked for and obtained his Certified Financial Analyst designation.
While working toward this end, he was also employed by Sanford C. Bernstein & Co. as a buy-side analyst. After a few years, he became employed at Merlin Biomed Group and then Balyasny Asset Management. In 2005 Gottlieb partnered with several colleagues and family members to cofound Visium. For this venture, Gottlieb successfully raised over $300 million in investments. Over the next few years, it became extremely successful, growing to be an $8 billion dollar fund with a staff of 170 and offices in New York, London, and San Francisco.
Unfortunately, its huge success collapsed after three of its employees were charged and convicted of securities mismarking and insider trading. While the company might have continued, the damage to its reputation was irreparable. Because of this Gottlieb made the wise decision to shut down all of its operations. But this did not keep Gottlieb out of the financial game. He has since invested in both Oramed Pharmaceuticals Inc. and Sellas Life Sciences, both pharmaceutical companies. Experts also predict that both will be revolutionizing the medical world. They are especially excited about Oramed’s introduction of an oral insulin capsule which negates the need for the traditionally necessary insulin injection for patients that require them.
And as mentioned Gottlieb has also founded and leads Altium Capital, a hedge fund.
Find out more about Jacob Gottlieb: https://ideamensch.com/jacob-gottlieb/
It has been confirmed that Talos Energy has merged with Stone Energy in all stock transactions that is aimed at creating a premier offshore focused exploration company. Talos board explained that the decision to join was reached unanimously by all directors. The New merge will be under a new name Talos Energy Inc and will begin trading at the New York Stock Exchange under the title TALO.
Some critical details for the combination include; Pro Forma Estimates of 2017 daily average oil production of nearly 47,000 barrel of crude oil. The current discoveries of Tornado II and Rampart which will provide the needed opportunities for growth and expansion of the company. Another highlight includes a long-term strategy for the growth of Zama oil discovered in the Mexican waters.
Under the new agreement, the terms of transaction every share of Stone Energy Corporation will be exchanged for One stock of Talos Energy Inc. This means that all the shareholders of Talos will own a majority stake of 63% of the combined entities. It will also translate that Talos Energy, Inc will have an initial equity market capitalization of $1.9 billion.
The Merge will allow the two companies to combine the necessary experience, talents and technical resources that are vital in accelerating development strategies. The combination also created a double benefit for the Stakeholders who will begin to enjoy high returns in their investments. Together Stone Energy and Talos can now plan to build a great front-runner in the Gulf of Mexico.
Mr. James M. Trimble who is also Stone’s Energy Interim CEO and President expressed that the success and achievement that the company has experienced is attributed to all employees. In a statement, he thanked the focus and dedicated employees of Stone for positioning the company in the competitive and profitable state. He also urged all workers to embrace teamwork with the new partners to ensure that both companies build a prosperous future. Talos Energy CEO will with doubt become the new Chief Executive Officer of the new merge. Therefore, the combined Board of directors from both companies will have a maximum of 10members; four fetched from Stone and six from Talos.
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There is plenty of recruitment platforms. What sets GoBuyside apart from other recruitment platforms is that GoBuyside focuses solely on the financial sector and works in conjunction with 500 investment platforms globally. Thoroughly vetting a candidate for hire is a time-consuming process. GoBuyside screens all potential hires saving the client time by facilitating their search for the right candidate. GoBuyside’s client base consists of all manner of companies within the financial community.
• Advisory platforms
• Fortune 500 Companies
• Hedge funds
• Investment managers
• Private equity firms
In all, GoBuyside’s client list represents 10,000 companies across 500 cities.
Arjun Kapur founded GoBuyside as a “21st-century recruitment platform”. Kapur holds a BA in Economics from Johns Hopkins University and graduated Phi Beta Kappa from that school. He earned his Master of Business Administration from Stanford University. The time that Arjun Kapur spent working in financial sector helped him to realize the need for a service like GoBuyside.
There are potential inequities in the hiring process. In the employer-employee relationship, each might lack accurate and relevant information about the other. A lack of available information about a candidate means an employer might hire someone based on a padded resume. Known as asymmetric information hiring an unqualified candidate based on lies and exaggerations costs a company time, money, and possibly the best person for the job.
Arjun Kapur designed GoBuyside to correct the above issues. Kapur’s platform discarded old hiring methods and created a whole new means for an employee to find the right employee. By creating a network within the world of finance GoBuyside makes more information available to its users. Within the financial sector in the United States GoBuyside is the largest platform of its kind.
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Depending on your age, your experience growing up with technology can be considerably different than those around you. If you were born in the ’80s, then you grew up with the first wave of internet users. If you grew up in the early ’00s, then you’ve known smart technology your entire life. The dramatic difference between even two decades of time is enough for futurist Jason Hope to double-down his focus on technological innovation. According to Jason Hope, we are living in the most exciting times in technological history. We are seeing changes by leaps and bounds that will have a dramatic change in the way that we live our lives forever. Hope’s advice to readers of this content? Pay attention and invest in technology. Let’s take a look at a few key fields that Hope is particularly focused on. Find out more about Jason Hope on Arizona Capitol Times.
For starters, Jason Hope is a futurist who jumped into the field after getting his MBA from the W.P. Carey School of Business. At the beginning of his career, Hope made a name for himself in the field of mobile communication. Now, years later, Hope is still focused on and enamored by the role of mobile technology. Only now, Hope believes that the future of technology is going to be more important and impactful than just your newest mobile phone. Jason Hope truly believes that the future of technology revolves around the Internet of Things.
The Internet of Things is a convenient term that encapsulates all of the smart technology being developed in the world. Smart technology has become increasingly popular over the past several years and we need only look at the smart devices in our home or the smart cars on the road to see it. Hope believes, much like other futurists in the field, that we are trending toward a life of automation and interconnectivity. The internet is rapidly becoming more than just another utility, it is becoming a core part of our daily lives. Hope believes that major corporations need to start making moves in order to invest in the industry or else they will run the risk of falling behind.
Outside of smart technology, Hope is also focused on the role of biotechnology in the field of anti-aging. Hope doesn’t believe that we are doomed to age the same way forever. WIth advancements from biotechnology companies like the SENS Foundation, who Hope has personally donated to, we might see aging change forever and for the better.
Read more: https://gust.com/companies/jason-hope
Gareth Henry has many decades of experience in the finance industry, and clients services have worked with several companies that he has managed to transform during the short period he has worked with them. He was the head of Global Relations at Fortress Investment Group whereby he was able to help the company shine globally. He was the person responsible for their London and US offices and was able to show a lot of professionalism while working at the company.
Fortress Investment Group was established in 1998 and has its headquarters based in NewYork. It is a renowned credit management business which has been able to ensure in the investment management industry to becoming a global leader. The fortress was one company dealing in hedge fund and other forms of financial investment to be traded publicly at the NYSE. According to a report that was released in June 2016, Fortress Investment Group managed more than $70 billion worth of alternative assets. It is focused on the fact that it invests in areas where their clients receive fantastic returns through the application of Long-term investment strategies. The company is believed to be a trendsetter by so many people across the entire globe.
Gareth Henry did not start trading without any relevant knowledge. He had an excellent academic background and attended the Heriot-Watt university based in the United Kingdom for a bachelors degree in actuarial science and mathematics. Gareth Henry graduated in 2001. His tremendous achievements in education combined with his work experience made him join the Society of Actuaries which is the UK and US-based learning institution.
After graduating, Gareth Henry got a job as a Management researcher at Watson Wyatt. Later he joined the Fortress Investment Group and other companies like Angelo, Gordon, and Company where he became the company’s managing director and also the Head of Investors Relations. Gareth also worked as the Executive Director of Schroders. He was able to successfully climb the ladder of career growth within a brief period. He is privileged to appear in the list of one of the most prolific heads of global relations because of his efforts in helping the companies get recognition across the entire globe.
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Soccer or football as it is known in England, is one of the most watched sports in the world. Fans of the game are known to travel from far and wide to enjoy a game. This has made the sport, one of the most keenly watched by investors as they try to determine which clubs to invest in. Money has been flowing into English clubs given their popularity and ever-rising value. These investors look for different things in a team but will all admit to wanting to see their teams shine in the long run.
Wes Edens, an American businessman and co-founder of the Fortress Investment Group, is one of these investors. He recently partnered with Sawiris and Egyptian billionaire to acquire a majority stake at Aston Villa. The two share a love for soccer and what better way to show their commitment to the support than by acquiring a football club. The acquisition, which was made through their company NSWE will see Sawiris become the chairman and will help the board in the overall management of the team.
Aston Villa before dropping to the Championship from the EPL had won the trophy seven times. The impact of relegation was felt financially, and this meant that the team required some capital injection to accommodate the said loss. Aston Villa will benefit financially from the two partners’ input as well as management tips from them given their stature in the world of business and investment. Wes Edens and his partner are keen on seeing the club succeed and its paramount to them that this is achieved within the shortest time possible.
Wes Edens, who is a father of four has been investing in sports for a number of years. His first investment was back at home when he acquired the Milwaukee Bucks which plays in the NBA. The basketball team had been sold by Herb Kohl, and he promised him that he would do everything within his power to ensure that the team remained in Wisconsin. They recently built an area to make this possible. Going forward, it will be interesting to see how Wes Edens juggles basketball and football.
Equities First Holdings is known in the world of finance to have become one of the most innovative companies of its kind. The empire has continued its success when it comes to providing stock-based loans. This type of loan among investors and business owners has gained traction on a very large scale. That said, Equities First Holdings has become a major player in the industry when providing business owners and investors with the capital they need. They have opened the gateway where investors can easily borrow against their publicly traded stocks. This brings more opportunity for people who face challenges in the market. The company started nearly 14 years ago and has expanded its services through several branches around the world. In its first year they were able to complete transactions up to nearly 1.4 million dollars. Their main strategy of credit based loans to those experiencing economic crisis’s has paid of over the years.
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