Founder and CEO of GreenSky Credit is old-school entrepreneur

When one thinks of the typical American entrepreneur, images of self-made men who risked everything to achieve success and fortune come to mind. Figures like John D. Rockefeller, Henry Flagler and Andrew Carnegie embody the image of the bold and decisive business leader who wasn’t afraid to put everything on the line when the moment of decision came. Inherent in this idea of the brave and bold businessman was the notion that most wealth, even when ruthlessly acquired, was, at its core and in some sense, deserved.

But nowadays, too often, everyone knows that the game has changed. With too great a frequency, modern fortunes are the result of people who have gone to all the right schools and had the right connections from the beginning. More perniciously, today’s great fortunes have, more often than not, been created through borrowing and venture capital deals, relying more on the ability to assimilate to and play by the rules of the elite than to daring or business acumen.

David Zalik is of the old school

But the founder of GreenSky Credit, David Zalik, conforms more closely to the old archetype of the bold capitalist. In founding GreenSky Credit, Zalik could not secure the financing he needed to launch the company. As a result, he reversed mortgaged his entire commercial real estate holdings, nearly $12 million worth, betting everything he had on the future success of his company.

The bet paid off to an extent even Zalik could not have imagined. Today, GreenSky Credit ranks among the most successful fintech companies in the country. The company has grown from a fledgling startup into a $5 billion lending operation. And it has experienced this phenomenal growth with virtually no outside investment at all.

When asked about what he wants to accomplish in the future, Zalik, like many great American capitalists who have come before him, is bursting with ambition. He says that he would like to see GreenSky Credit doing $20 billion worth of loans each year by the year 2020. Given his past track record, there’s no reason to doubt that he will reach his goal.

https://www.forbes.com/sites/greatspeculations/2018/09/05/greensky-now-looks-undervalued-given-strong-q2-performance-alliance-with-amex/#5d78658d5eda

Providing Energy, Hope and Second Chances

Hurricane Harvey struck the state of Texas, United States, on the day of August 17th, 2017. It was the first hurricane of such strength to hit the country after countless years since the Wilma Hurricane, from 2005. It left many deaths along its path and a lot of destruction.

Many months later, some of the families that experienced the hurricane are already settled with their new lives, and many of the expensive costs that come from a drastic change like this were already dealt with. This was the result of the first philanthropic endeavors of Stream Energy, which has now found a new charity partner, Hope Supply Co.

The recovery and renewal of the families affected by the Hurricane Harvey were followed by other philanthropic actions like helping the homeless in Dallas. Through their new partnership, the company has already gathered and provided clothes, accessories, essential day-to-day objects and, of course, hope.

Stream, a company that deals with electricity and provides cost-efficient energy plans around Texas, goes way beyond their area of influence when it comes to philanthropy. Just this year, on April 27, the company announced its new foundation, Stream Cares, which has become the official source of charity and non-profitable actions from the group.

Throughout the years, Stream Energy has gathered a sizeable group of people that wanted to use their influence and reach in Texas to help those who were in need. They have already formed philanthropical partnerships with other groups like the Hope Supply, Habitat for Humanity, the American Red Cross, the Salvation Army, among others.

The company has already helped families with no resources build houses or repair damaged ones; they have helped victims of natural accident find professional care and resources to start a new life, as well as providing a lot of funding and support to philanthropical endeavors all around the state.

The next philanthropical actions of the company are already in development. The directors of Stream Energy are always sharing information about their plans for Stream Cares.

This particular industry, Stream Energy, is known all around the state of Texas for their energy packages and the accessibility that they provide to many families.

https://www.dmagazine.com/publications/d-ceo/2010/october/meet-ceo-rob-snyder-of-stream-energy/