GreenSky Rewarded For Thinking Out of the Box

David Zalik, the Chief Executive Officer (CEO) of GreenSky, is not like other CEOs of a major company.

Zalik, a billionaire, does not talk to the media much. He does not accept invitations to conferences. He has not spent last ten years raising outside capital. His employees don’t get free food or play games.

The latest move by his company is definitely something that other Silicon Valley companies would do. The Wall Street Journal believes that Zalik’s company will do an IPO but it will do it confidentiality. This move is unconventional but it will raise his company $1 billion with a $5 billion valuation.

If Zalik does go public, he would not be doing the same as companies like Credit Karma, Stripe and Uber as they don’t plan to go public. Private companies don’t go public because when they do, they are heavily pressured by investors and quarterly earnings. They can keep the cash to keep the company operating and growing.

Zalik’s company could change its mind and it will not do an IPO. It will not fill out the paperwork with Securities and Exchange Commission (SEC). This move would mean that it can prepare without the public spotlight on it.

Zalik, a 44-year-old, founded GreenSkyin 2006 and has, without fanfare, developed one of the biggest financial technology companies in America. Most companies like GreenSky would complain about banks and suggest to the public that they are a better way to do finance. Zalik has no problem with banks and actually has been working with banks for many years. n

One of the keys to GreenSky’s success that its bank partners are the ones who are taking the financial risk. Some of its bank partners are SunTrust, Regions and Fifth Third and they are the ones that GreenSky loans as part of their balance sheets. Zalik’s company will not be in trouble if any of these loans defaults. GreenSky does benefit from their relationship with their bank partners and they pay 1 percent of the balance from GreenSky loans.

Zalik thinks out of the box and so far, has been rewarded for doing so.

https://www.indeed.com/q-Greensky-Credit-jobs.html

Little Company with Big Prospects, Talos Energy

Mexico opened its’ oil market to private foreign investors 2 years ago after 80 years of nationalization. The first well began being drilled back in late May 2017 and was completed in late July. This was well before the 90 day projected completion and was finished well under the projected budget. This is a project which includes 3 different companies, one out of Mexico, one out of London, and one out of Houston. The operator of the well and a 35% stakeholder, is Houston based Talos Energy LLC. The well has been suspended for future production while it is being appraised and analyzed for development.

An oil and gas company, Talos Energy specializes in exploration, development, and production of oil and gas products. Talos Energy operates its’ properties on the Gulf Coast as well as in the Gulf of Mexico. Its’ owned subsidiary, Talos Production LLC, recently acquired from Helix Energy Solutions Group, Inc., Energy Resources Technology GOM, Inc., which assets include over 16,000 barrels of oil a day. Investment funds affiliated with Apollo Global Management, LLC as well as Apollo Global Management, LLC backs Talos Energy. Through this backing Talos Energy has brought its employee count up from 15 to over a 120.

The new well in Mexico is historic since it is the first private well to be drilled in the history of Mexico. Talos Energy is a technological firm using seismic measuring devices to pin point the drilling sites during its exploration. Talos was nominated best small business local workplace by WorkPlace Dynamics and its CEO Tim Duncan was awarded EY Entrepreneur Of The Year 2016 Gulf Coast Area. Talos Energy is a private firm that was founded in 2012. In its 5 years of existence Talos has acquired funding from multiple investment firms totaling more than 600 million dollars.

Their Facebook Page: https://www.facebook.com/talos.energy/