Fortress Investment Group Co Founder Randal Nardone

Randal Nardone is an attorney and entrepreneur who co founded Fortress Investment Group. He helped start up Fortress Investment Group in the late 1990’s with fellow finance professional and entrepreneur Wes Edens. Together, the two would build one of the top investment firms in the financial services industry. As well as being a successful entrepreneur, Randal has also been involved in managing investment firms as well. He served as a principal as well as a managing director during career. Throughout his career, Randal Nardone has demonstrated his leadership skills. This has helped him become a valuable member of every organization that he has been a part of.

The career of Randal Nardone began when he worked at the New York City based law firm Thatcher, Proffitt & Wood. While he worked at this firm, Randal would serve as a practicing attorney. Several years later, Randal would become a member of its management team. He was named to the executive committee of the law firm in which he was responsible for overseeing the administration and services of the firm.

Shortly after working at the law firm Thatcher, Proffitt & Wood, Randal Nardone took a position at the financial services firm Blackrock Financial Management. At this firm, Randal held an executive role as the principal. While serving as the principal, Randal provided general management of the firm as well as setting policies and strategies for the firm. Under his leadership, Blackrock Financial Management would become a successful investment firm.

Another one of Randal’s career experiences came when he joined the European investment banking firm UBS. Once he joined this firm, he became its managing director. As the managing director, Randal would participate in both management and business development. He would help the firm acquire new clients and expand. While working as a managing director, Nardone would get more valuable experience which would help him become an entrepreneur.

In 1998, Randal would team up with Wes Edens to found Fortress Investment Group. They would team up to develop a private equity asset management firm to serve clients all over the world. Nardone was immediately a member of the executive committee which oversaw all activities and policies of the firm. Nardone would specialize in managing the private equity division along with Edens. As well as being a member of the management committee, Randal also serves as one of the principals and chief executive officers.

GreenSky Credit soars to more than $4 billion valuation

Back in 2006, serial entrepreneur David Zalik bet everything he had on the future of his new startup. Called GreenSky Credit, the company represented a completely untested model that Zalik hoped would revolutionize the way that point-of-sale lending happened for big-ticket items. In fact, the business was so unproven that Zalik had difficulty finding outside financing to help him launch his business. It was for this reason that he was forced to effectively reverse mortgage his entire $12 million commercial real estate fortune, which represented the fruits of his entire life’s work to that point.

But Zalik believed strongly in the business that he was creating. Today, that $12 million bet that would have put Zalik into the poor house had he lost it has fueled what is now a company valued at more than $4 billion. This incredible rise from a tiny startup that no one had heard of to the darling of the fintech industry has made Zalik a star. But more importantly, 12 years after its founding, GreenSky Credit has introduced a completely new lending model that has proven to be eminently viable. This is especially impressive given the dismal results that so many other fintech companies have experienced. GreenSky Credit is likely to become the model upon which fintech is based well into the future.

GreenSky Credit is more evolutionary than revolutionary

One of the things that someone might notice about Zalik and his company is that both are completely devoid of the pretention and pomp that often comes with technology startups. Nowhere throughout the GreenSky Credit headquarters will one find beer dispensers, foosball tables or any of the other excesses that have become an accepted part of tech culture. At the same time, Zalik himself has never sought to violently uproot the existing banking system, unlike many of his fintech competitors. Instead, Zalik’s vision has always been to compliment the existing infrastructure through efficiency-gaining technology, connecting borrowers with lenders and adding tremendous value in the process by pushing deals through that otherwise would never have materialized.

GreenSky Credit has proved that often the biggest successes result from building on a system rather than tearing it down.

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

The Three Steps Involved in the Application of GreenSky Credit

  • Introduction

Apparently, every industry is very competitive, which means that owners of the business have to ensure that their organizations are competent enough to operate in the sector efficiently irrespective of the prevailing competition. The level of competition has forced companies to use innovative methods to attract and retain customers and help their businesses to move to the next level. Contractors and builders have been accessing various mobile solutions with the aim of making their markets more efficient and customer oriented.

  • GreenSky Credit Program

One of the innovative method that builders and contractors are using is GreenSky Credit program, a technological solution that is geared towards offering quality financial services to the members of the public. However, the strategy ensures that borrowers and lenders are brought together through a credit platform that helps borrowers to access money with ease. Builders are using this platform to help their customers to get immediate funding for their projects.

How GreenSky Credit Works

The mobile-based credit platform ensures that any business, irrespective of its size, gets a maximum of $55,000 which will be used in offering credit services and goods to the consumers. The money is acquired through a faster speed that does not involve the traditional filing of papers and other bureaucratic procedures. The following are three steps that one requires to undertake in order to acquire credit from GreenSky LLC.

  1. Application

This is the first step where the borrower is required to apply for the loan through the company website or through the mobile app. An individual is needed to fill critical personal details for identification and loan retrieval process. Additionally, any person applying for this loan is necessary to highlight that purpose of the loan, i.e., construction.

  1. Application Review

The lending institutions will review the application process upon which they will determine whether a person has qualified for the loan applied or not. If lenders have approved the loan application, the customer will get an account number.

  1. 3. Loan Processing

The processing stage takes less than forty-eight hours upon which an individual will get the requested amount of money. Note that the funds will be deposited in the GreenSky Credit Account.

Source

The Balance Small Business- https://www.thebalancesmb.com/greensky-credit-mobile-solution-844894

https://www.wsj.com/articles/whos-the-most-valuable-online-lender-after-this-deal-its-greensky-1514911495

GreenSky Credit Could Revolutionize How Banks Lend Money

The future is wide open for tech entrepreneurs. New innovations and a shift towards cloud technology are creating opportunities in practically every industry, and GreenSky Credit could be leading the pack where the financial sector is concerned. This bold new company has intentions to revolutionize the banking industry by modernizing the software they use to conduct business, and investors seem to have bought in to their bold promises for the future.

A Well-Funded New Name in Fintech

The fintech, or financial tech, industry is hardly a new development. Before the rise of GreenSky Credit there was Lending Club Corp. and Social Finance Inc. These businesses look to improve the relationship between banks and customers by creating tools they can use to approve loans. This technology facilitates investments in everything from home improvements to healthcare to solar energy conversions, but GreenSky Credit is raising eyebrows for how readily investors have hopped on board.

While GreenSky was first founded in 2006, it didn’t propel to the front of the public consciousness until a decade later. In 2016, GreenSky Credit received a valuation of a staggering $3.6 billion from Fifth Third Bankcorp who were so confident in their assessment that they backed it up with a $50 million investment. This was over a 200% increase over their prior evaluation two years prior. As of 2018, nearly two million customers and 13,000 companies have made use of GreenSky’s instant lending programs.

A Rags to Riches Tale

While that precipitous rise to fame is notable, it’s still less impressive than the story of its founder. David Zalik graduated from high school at the tender age of 14, and by the time he was a college freshman, he was already the founder of his own business. But this company, a computer assembly outfit known as MicroTech Information Systems, would just be the starting point. His success would lead him to drop out of Auburn to spin his company into new developments.

By the time Zalik formed GreenSky Credit in 2006, he already had three successful businesses under his belt. It’s no small wonder that investors are ready to jump on the bandwagon, but it’s not just Zalik’s reputation that’s directing the company’s success. A smart mobile platform greatly expedites the loan application process, and the tech fueling it is sound. GreenSky is 2016’s industry darling, but it doesn’t show any signs of stopping anytime soon.

https://www.dice.com/company/GreenSky+Credit/jobs

Louis Chenevert success at UTC

Louis Chenevert is the former President and CEO of United Technologies Corporation. UTC is a conglomerate business that has many businesses under it. However, all the businesses under UTC are in the technology sector. This means that the growth of the company highly depends on the ability to adapt to bets technology. With technology being unpredictable in recent years, it can be very hard for a business in this industry to remain productive over a long time. Companies which are directly affected by technology have to always remain in the line of the latest technologies, they must invest in technological research so that they are not just following what is happening but also shaping the future of their respective industry. UTC is a company that has been run on this believe.

 

When Louis Chenevert was the CEO of UTC, he pumped a lot of money into research. It is for this reason that the company was able to come up with unique inventions such as the Geared Turbofan Engine. This is an invention which have raised the profits that the company was making by a huge margin. The research work however cost $10 billion and some people even questioned the viability of the projects. However, after the production was competed, it has become the highest gainer for the company. Louis Chenevert could see the future of the company was pegged on its technological innovations and that is why he invested thoroughly in the industry.

 

For the six years that Louis Chenevert was at the helm of the leadership, he brought changes that would last for many years to come. The share value of the company in the six years multiplied showing that the company went through major transformation. His approach towards technology is the reason he managed to achieve his goals. He even laid a foundation for other executives. The long plan of growth for the company is solid and it is only upon the subsequent managements to follow what he established. Louis Chenevert is retired but his impact in the company will guide its performance for many years.

 

https://www.crunchbase.com/person/louis-r-chenevert#/entity

Jeunesse Global Unique Y.E.S. Program

Jeunesse Global is a distributor of products and supplements that promote good health and enhance youthfulness. The company was started by Randy Ray and Wendy Lewis on September 09, 2009 and their goal has been to help others achieve their fullest potential, no matter their age or income. Their products have been made affordable for and tailored to fit anyone’s specific needs.

 

Y.E.S. Skincare System

Y.E.S, or Youth Enhancement System is a unique line of different skin care and supplement products that you can only find with Jeunesse Global. They have become exceedingly popular and a few of their many products have been highlighted for your convenience:

 

Luminesce

This powerful skin care line can revitalize the cells while leaving skin feeling moisturized and diminishing wrinkles. There are six different impressive anti-aging products that come with Luminesce and they include a serum, skin brightener, face mask, cleanser, night repair and moisturizer.

 

NV Skin Care Product Line

Free from harmful sulfates, parabens and phthalates, this non oil based line is perfect for any kind or color of skin and helps maintain moisture by adding hydration. Included are 1.5 oz. bottles of primer, BB mist foundation and bronzer.

 

AM/PM Essentials

These dual-acting supplements vitalize the body by will allow you to feel awake in the morning and will help you wind down in the evening. Packed with important minerals such as manganese, zinc and magnesium and essentials like vitamins A, C, D, E and K, it is no wonder there are many benefits to taking this product.

 

Finiti

This antioxidant rich drink which combines both fruits and vegetables, promotes healthy function or growth of stem cells and can help build a strong foundation for looking and feeling younger.

 

Zen Bodi

Not only can this supplements help diminish your appetite and promote weight loss but it also contains different enzymes, extracts and other herbal ingredients that may help strengthen or grow muscle.

 

Nevo

This is not your typical sugar and artificial flavor filled energy drink. Nevo is jammed packed with a variety of different vitamins and energy enhancing guarana, yerba mate and green tea.

 

https://www.jeunessegear.com/store/catalog

M1nd breaks new ground, proving Jeunesse Global’s innovative mojo

Throughout the last 100 years, few goals have been pursued with as much zeal and as little success as the quixotic attempts at increasing intelligence in individuals and populations. From the school desegregation movement itself to the No Child Left Behind Act of the George W. Bush Administration, program after program has been tried to raise the intelligence of groups of people and individuals alike, all in unrequited vain.

But there have been a few limited successes. One example is the introduction of certain classes of psychotropic stimulants, which psychologists determined were able to help people focus. In many cases, this increase in focus has actually enabled students and others who require high levels of sustained focus to do better on tests that are valid proxies for IQ. Whether or not these drugs, such as Ritalin and Adderall, have the ability to actually increase intelligence is still a source of debate. But there is no doubt that they work to increase mental stamina and ability to focus on a sustained basis.

There is another mechanism by which these and other drugs may work to effectively increase intelligence. That is because while researchers have never found a reliable way to unequivocally raise intelligence, they have found a wide range of ways to lower it. And it turns out that one of the most effective ways to immediately and significantly lower intelligence in almost anyone is through simple sleep deprivation. Ritalin, Adderall and other prescription stimulants are highly effective at reducing or completely eliminating the effects of sleep deprivation, especially over limited time frames.

This has major implications. Because almost every working American is sleep deprived, this has a severe negative effect on overall intelligence and, by extension, productivity. Now, Jeunesse Global has devised the first-ever mental energy drink. Known as M1nd, the drink is able to act on the brain in much the same way as prescription stimulants. But M1nd is 100 percent all-natural, having none of the potentially dangerous side effects of drugs like Ritalin.

M1nd has been shown to reverse the effects of sleep deprivation and help users to concentrate more intently and for longer.

https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=182487306

Shervin Pishevar Talks of the Need for American Entrepreneurs to Outsource Talents

Shervin Pishevar is a renowned entrepreneur in America. He has made significant steps since he migrated into the US from Iran. This is evident from the success of the companies he has worked with and co-founded. As an angel investor, he has to be constantly looking at the state of the US economy, tech innovations (where he has mainly invested), and globalization. The current state of the American economy might just be the one that triggered him to storm Twitter with 50 tweets in 21 hours in February 2018.

In one of his tweets, Shervin Pishevar gets nostalgic about a trip he had to Romania back in 2009. Basically, this is intended to show that there is a lot of talent out there that American entrepreneurs need to exploit. After all, there aren’t enough American-born engineers in the United States to supply the skill set needed in their companies. Shervin Pishevar tweets that “Wrote some of the seeds of this on a trip To Romania recruiting a young talented coder to SGN in 2009.” This tweet is followed by a picture of an essay which talks about the need for American entrepreneurs to reach out to the talent across the world. It is where the future lies.

Shervin Pishevar shows support for globalization. He is in line with the idea that the world has evolved, and knowledge is no longer defined by culture or geographical locations. Today, the world can be likened to a global village. America is no longer a monopoly when it comes to entrepreneurship. There are many people out there with skills as good, and even better than those that American entrepreneurs look for in their countrymen.

He notes in his essay that embracing talent from elsewhere is one of the best ways to learn. This is one of the best ways to build a great America, especially with the unpredictable and ever-changing financial markets. Evidently, Shervin’s word has come to be true 9 years down the line. He himself notes that “Now 9 years after that essay the world has evolved away & beyond us. And the chickens are coming home to roost.”

https://medium.com/@shervin

Proteostasis Is Not Looking So Hot After Sahm Adrangi’s Statements In Kerrisdale Report

Not all companies out there are worth investing in and Sahm Adrangi is one of the top investors in the country today that is doing his duty to inform other investors and the general public of companies that are an issue. The latest company that has taken fire from Kerrisdale Capital, Sahm Adrangi’s investment company, is Proteostasis. This biotech firm has made claims recently that they have had great success developing a new drug for cystic fibrosis patients. So far, Proteostasis claims this drug will dramatically increase lung performance for patients.

In order to get to the bottom of whether or not these claims are good, Sahm Adrangi and Kerrisdale has done some digging into the biotech firm. Unfortunately, what Sahm has found is not so good for those who might be excited about this new drug. CFTR amplifier PTI-428 is what Proteostasis is calling their product, which Sahm is calling a drug cocktail. According to the report, Proteostasis only had four subjects for their testing, which means this was a very small scale test that cannot be accurately assessed based on the presented data. Not only is the data incomplete, but the results are messy and practically missing, which causes Sahm Adrangi to believe these statements are likely false or due to very poor testing procedures by the biotech company. The placebo test conducted found a drop in lung performance as well, meaning their statements that this drug can increase lung performance cannot be true.

Due to all of these concerns, Kerrisdale has taken the short position with Proteostasis. This means they will continue to profit as the stock value of Proteostasis drops, which it has already started doing since Kerrisdale’s negative report went public. This is mostly because of other investors that are keen to follow the advice of Sahm Adrangi, who happens to be a high-profile investor in the U.S. that regularly states his opinions on companies and calls them out for their shady practices. Sahm has an impressive track record of success, couple that with hardly being wrong in his investments or arguments, most investors have started following in his footsteps.

https://www.cnbc.com/2016/05/05/short-seller-kerrisdale-to-target-dish-network.html

Shervin Pishevar Goes On Twenty-One Hour Tweet Storm: Here Is Why You Should Care

When Shervin Pishevar went on a twenty-one-hour tweet storm recently, a lot of people were paying attention. They were hanging on his every word through the fifty or so tweets that he sent out during that period of time. This is because Shervin Pishevar was talking about topics like the economy, modern technology, and even Bitcoin. He was giving his opinions on each, and it was well worth the read.

 

For those who don’t know, Shervin Pishevar was an early investor in the likes of Uber and Airbnb. He had the foresight to see that those companies were going to be great before the vast majority of us had paid any attention to them or even knew what they were. Many would say that this puts Shervin Pishevar in a league all on his own.

 

Pishevar seemed to have perfect timing on this as just one day after his Twitter storm, the markets took a big nosedive. At one point during that wild trading day, the Dow Jones Industrial Average lost approximately 500 points in just about a half hour. Pishevar quickly labeled this the “#TrumpDump”.

 

There were definitely some controversial tweets in the mix. For example, when Pishevar called for a six thousand point drop in the Dow Jones people started to take notice. This was just the first of numerous tweets that Pishevar was to put out on a day that was full of activity. It caught people’s attention both for the tremendous drop in the market that it predicted, but also because Pishevar had not tweeted in a while.

 

Many more tweets followed that described why Pishevar believed that the market would take on such a decline. He went on to explain that inflation was likely to be a big driver of the markets in the United States. He predicted that inflation will rise, and that this will cause the markets to fall in tandem.

 

There was plenty of interesting material in the tweet storm to be sure. It was so broad ranging that there is something in there for just about anyone. Interesting topics were covered by a very interesting person, and that is worth all of our attention. Find Additional Information Here.