As GreenSky considers IPO, Zalik answers critics

The fintech industry as a whole has seen some shaky performance over the last few years. But one of its constituent businesses, GreenSky Credit, has continued to outperform even the wildest expectations of its most fervent proponents.

 

The company has grown at a feverish rate over the last decade, proving that its idiosyncratic yet highly effective business model has what it takes to last in one of the most competitive industries on Earth. Now, the company is rumored to be seriously considering going public. But there are still many critics who question the timing and the ability of GreenSky to continue posting such extraordinary numbers under the pressures that every public company is necessarily subject to. However, the company’s founder, David Zalik, is confident that his firm will be able to smoothly make the transition to a publicly traded company.

Turnkey operation with a rock-solid business model

Zalik points to GreenSky Credit’s stunning performance as the first piece of evidence that it will be able to make the transition to a public firm without a hitch. The company has been able to successfully expand into a wide variety of different industries over the last few years. And it has done this while barely tweaking its business model at all.

It turns out that GreenSky has such a brilliant and adaptable model that it can be put to use in almost any industry where big-ticket sales often result in the need for consumer financing. And this business has proven to be so frictionless and well-designed that many analysts characterize it as an essentially turnkey operation. This means that even under the most perverse pressures to meet quarterly guidance, a public GreenSky should be able to come out ahead.

This leaves the question of how much the company could potentially raise in an IPO. If the markets are doing well at the time that the firm decides to go public, some analysts say that a total market capitalization of $10 billion or more is fully possible. This would make GreenSky among the largest fintech companies in the world.

https://www.crunchbase.com/organization/greensky

Michael Lacey – Mentoring the Next Generation of Scholars

 Michael Lacey- Mentoring the Next Generation of Scholars

Born on 26th September 1959, Michael Thoreau Lacey, popularly referred by many as Michael Lacey is a distinguished American mathematician who holds a Ph.D. from University of Illinois’ Urbana- Champaign. He received his Ph.D. in mathematics from the institution in 1987. Michael’s thesis was focused on the field of probability, more specifically in the Banach spaces.

Michael Lacey is credited for having solved a mathematical problem that touches on the law of iterated logarithm, specifically on empirical characteristic functions. During his post-university years, Michael’s work has revolved around areas such as ergodic theory, harmonic analysis, and probability. Read more: Michael Lacey | Wikipedia and Michael Lacey | GAtech

After leaving the University of Illinois, Michael Lacey secured postdoctoral positions at the University of North Carolina and Louisiana State University. While working at the University of North Carolina, he teamed with his former academic advisor Walter Philipp to offer proof of the central limit theorem.

From 1989 up to 1996, Michael Lacey was working at Indiana University before been awarded a postdoctoral fellowship by the National Science Foundation.

During the short tenure of his fellowship, Michael embarked on studying bilinear Hilbert transform, which was then a subject of contention for the prolific scholar Alberto Calderon. In 1996, Michael and Christoph Thiele came together to solve this transform. As a result of their work, the duo was rewarded with the Salem Prize.

From 1996 to date, Michael Lacey has been teaching mathematics at Georgia Institute of Technology. His research work has been awarded and recognized by many organizations including Guggenheim Fellowship as well as the Simons Foundation. Michael has further served as director of training for several grants like MCTP and VIGRE awards.

These awards are sponsored by NSF, a foundation that has sponsored numerous graduate students, undergraduates, and postdocs. Besides teaching mathematics, Michael has advised countless undergraduates who have excelled in their respective graduate programs. Almost all the graduate and Ph.D. students he has mentored have excelled in their industry jobs. Michael Lacey has mentored over 10 postdocs.

Conclusion

Michael Lacey doubles up as a mentor besides being an outstanding mathematician. He has really mentored a generation of scholars throughout his career.