Category : Company

GreenSky Credit creates positive-sum incentives for everyone involved

GreenSky Credit is quickly becoming one of the most well-known fintech companies in the country. The company has been rocketing towards huge success, surpassing 17,000 retailer partners and doing nearly $5 billion in new loans every year. The secret behind the company’s near-vertical rise to the top of the fintech industry has been a reflection of one thing: GreenSky Credit has found a way to do business where everyone walks away a winner.

Doing what works

Unlike many of its fintech competitors, GreenSky Credit never promised to change the world or fundamentally alter the laws of economics and banking. Instead, GreenSky Credit went after markets where it saw that technology could potentially make for a more frictionless environment, allowing transactions to take place that would not have otherwise materialized because the consumers simply didn’t have the on-hand liquidity to complete the sale.

The first place that GreenSky Credit started focusing in on was the home improvement space. The company’s founder David Zalik had worked extensively in the home renovation industry, and he knew that there was one area where home improvement businesses and contractors had a serious leak.

Homeowners would often severely underestimate the true final costs of completing major home renovation projects. For someone who has no experience in contracting, finding out that installing a high-end stainless-steel kitchen is going to cost $100,000 can be a shocking experience. Unfortunately, this sticker shock often meant that home renovation projects that were on the verge of taking off were getting put on the back burner, permanently.

But Zalik immediately noticed something unique about these big-ticket retail transactions: Even the most expensive home renovation projects, like $100,000 kitchen remodels, usually added more to the value of the home than the projects themselves cost. And this meant that the homeowners were actually losing money, in some cases large amounts, by not being able to complete these projects.

GreenSky Credit, through its instant point-of-sale loans, was able to earn the homeowners serious money. It also gives contractors five- or six-figure jobs that would have fallen through while providing its lending partners with top-end loans.

Sahm Adrangi Predicts Proteostasis’ Medication Will Fail in Testing

Sahm Adrangi’s reputation for shorting companies producing pharmaceuticals that he doesn’t think are as effective as their testing data states. While on initial glance these medications may seem like game changers for the diseases they were created to treat, further research performed by the team at Kerrisdale Capital shows the data portrayed isn’t honest and sometimes completely inaccurate.

This has been the case for companies such as Zafgen, Sage Therapeutics, Bavarian Nordic, and Prothena among a few others. Now, only time will tell if it’s true for Sahm Adrangi’s newest biotech target Proteostasis. Proteostasis is based in Cambridge, Massachusetts and has a medication designed to treat cystic fibrosis that is currently still being tested.

The preliminary results from the testing appeared to be quite impressive, but Sahm Adrangi didn’t think something about the information was right. He and his company, Kerrisdale Capital, decided to look into the medication themselves and performed extensive research to get a better idea of what the data they released really meant. While it is true that the group that received the medication did significantly better than the placebo group overall, a further look showed that the placebo group fared significantly worse than patients with the disease usually did. He believes that this fact allowed the medication to appear far more effective than it actually is.

The placebo group in the study only consisted of 4 people. Sahm Adrangi does not believe that this size was large enough to properly study the effects of the medication. If the placebo group had the average lung function of patients with cystic fibrosis, the medication would have shown to only increase lung function by around 1%.

The medication currently in testing has been fast-tracked for approval as there aren’t many effective treatments for cystic fibrosis. Despite these special allowances, Kerrisdale Capital doesn’t believe there is much chance that the cystic fibrosis drug will be approved once the results from further testing are released to the public. Sahm Adrangi has been quite open with the public about his recent short as well as the shorts that he has made in the past.

Stream Energy: Helping Hurricane Victims and Other Philanthropic Activities

More companies in the United States are launching their philanthropic arms to help those who are in need. One of the most recent examples would be the launching of Stream Cares by Stream Energy, a Dallas-based energy producing company that has been serving states on the eastern coast.

One of the reasons why there is an increase in the number of philanthropic efforts from companies is because of the prevalence of natural disasters. The United States is being hit by strong hurricanes multiple times per year, and these disasters are causing a lot of damage and loss of life. The issue with climate change has also highlighted the power of 21st-century hurricanes, and they are eerily stronger than the older counterparts. Scientists are saying that these hurricanes will keep on becoming stronger, and humans would need to learn how to adapt against these disasters. Hurricane Katrina and Hurricane Sandy are some of the most disastrous hurricanes to hit the United States. When Hurricane Harvey hit the state of Texas and left billions of dollars in damages, Stream Cares is one of the first organizations to help the victims who have affected by the storm. They staged recovery and rescue efforts, and they also have extended assistance to those who are having financial burdens. Another philanthropic activities spearheaded by the company was the partnership with Hope Supply Co. to address the problem of homelessness in Dallas.

Aside from participating in a lot of philanthropic activities, Stream Energy is also serious in expanding their operations in other states. Delaware is the newest state in the list of areas that the company services and the local population welcomed the addition of Stream Energy as one of their providers. The states in the Northeastern United States have been experiencing energy shortage, and they stated that the energy which will be provided by Stream Energy would help thousands of households across the region to harness affordable and reliable power. The chief executive officer of Stream Energy, Larry Mondry, stated that they are still planning to include more states in the areas that they serve, and they are looking for potential candidates.

Sussex Healthcare: Leading Healthcare Facility In The UK

Sussex Healthcare: Leading Healthcare Facility in the UK

In the United Kingdom, the demands for healthcare and rehabilitation services are increasing lately. People have been looking for a place where they could admit their loved ones who are suffering from injuries and help them recover fast. Others have been looking for a facility where they could take their older loved ones in to be taken care of. The Sussex Healthcare facility, located south of the city of London, is one of the most popular destinations for those who are seeking care services. The facility was founded by a professional dental surgeon 25 years ago, along with his colleagues who are interested in creating a business catering to the healthcare industry. Through the years, the services offered by the facility expanded. Today, there are four significant departments provided by the facility to the public.

Elderly Care Department

Sussex Healthcare is home to dozens of senior citizens who chose the facility to be their home. The facility is ideal to become a nursing home because it is located far away from the city, and the sceneries within the facility would bring comfort and peace to those who are staying inside. The seniors are also monitored by the nurses and caregivers working inside the company, making sure that they are attended to at all times, and the needed medication is given. The seniors are also enjoying a lot of fun activities with entertainers, and are being fed with high-quality food made by top chefs.

Neurological Care

Sussex Healthcare is considered as a haven for those who have suffered brain injuries and other head traumas. They are being treated inside the facility, and nurses are giving them medication to help them get back on track. Speech therapists are also helping them with their recovery, teaching them once again how to speak and how to interact with the people around them. The past patients have rated the neurological care inside facility as world class and impressive.

Dementia Care

The facility is also looking after the people with dementia, employing highly-trained professionals to care for the patients.

Care for People with Disability

Professionals working in this department are trained to look after those who are suffering from a wide range of disabilities, be it mental or physical, and to help them to get back to society.

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Aloha Construction Company Recognition

Recently the Better Business Bureau of Chicago and Northern Illinois has given its latest award to the construction company Aloha Construction. The company has received the 2017 Torch Award for Marketplace Ethics back in December of 2017. Aloha Construction is very pleased to receive the award and is also humbled by this top recognition. The CEO Dave Farbaky and the company have put in a lot of effort to put the needs of their employees, customers and the community first. By receiving this award, the company will get recognition for providing both quality and honest work in their respective industry. When deciding who gets the award, a panel of 15 judges evaluate factors such as ethics, quality, and integrity as well as providing excellent service. The judges, voted to award Aloha for their efforts for 2017 due to being a leading charitable organization as well as one of the more ethical companies in the construction industry.

One of the reasons why Aloha Construction won this award is its intention to put customers first. The company is well aware that without its customers, it would not exist and succeed in the long run. As a result, the company always works hard to show customers that they appreciate them. The company always provides excellent service in order to gain the trust and satisfaction from their customers. During the past year, Aloha completed 20,000 roofing jobs in Illinois. Aloha provides its customers with free roof inspections every year in order to make sure that the customer’s homes are in proper condition. If there is any damage, Aloha will complete the repairs free of charge.

As well as putting the customers first, Aloha Construction also works towards accommodating its employees. The company shows its appreciation for employees by treating them like family. Aloha hosts an all expenses paid resort vacation to all of the employees in Maui, Hawaii. The trip to the Hawaiian resort is provided in order to reward the employees each year for their hard work. Not only do the employees get this gift, but also the spouses and children as well.

Aloha Construction also emphasizes a community first approach as well. Every year it provides sponsorships to a number of sports teams. It also hosts the Bloomington Boys and Girls Club Youth of the Month event. Lastly, the company will also offer a ticket giveaway children suffering from significant health problems. Last year, Aloha gave 12 box seats at a Chicago Bulls game to a local child with congenital heart disease and his friends. According to Dave, giving back to the community is just as important as providing excellent service to customers.

Market America’s Win-Win Formula

If you’re unfamiliar with Market America, it’s a great time to get involved. The company specializes in one to one marketing. Based in the US in North Carolina, it’s celebrating 25 years in business. The company is also celebrating 25,000 “UnFranchise” business owners, who have sought out on a new path with Market America. The company sells products on the website. Obviously, the company certainly has a winning domain name, which was previously held by Microsoft. With personalized customer service, and more products than you can imagine, this site is booming.

What makes Market America unique is that their shopping website is beneficial to nearly everyone who comes in contact with it. Customers receive cash back on purchases, with some items providing a significant amount of up to 50 percent. The UnFranchise business owners also make cash back on their customer’s purchases. The company uses a vertical business structure to avoid being stagnant, so owners not only earn from the new business but from repeat business as well. Market America has its own branding, which includes cosmetics, skin care, diet and fitness goods, and much more. The site also allows customers to shop in one place from their favorite retailers while maintaining the benefits.

Market America has received much recognition over the years. Recently, the company was recognized by the Better Business Bureau. An “A+” rating and “Torch Award” are among the many awards the company has earned. This is a great accomplishment, as there are many different parts of the organization which must be monitored. The company has also earned recognition from celebrities, who’ve performed at its most recent celebration and awards ceremony. For those who are motivated and want a great business opportunity, Market America offers just that. For those who are just looking to save money, will certainly help out as well. It’s a win-win for everyone involved.

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