For at least the last 10 years, the trend throughout Silicon Valley in general and the financial tech sector in particular has been for companies to stay private as long as they possibly can. The reasoning is that investors inevitably push for short-term results, a tendency that can spell disaster for a tech company that is still in the incubation phase. A company like Amazon wasn’t profitable for nearly 20 years and would have been quickly ruined by investors with strong profit drive pushing the company’s long-term business strategy off the rails.
But David Zalik, the founder and CEO of GreenSky Credit, believes that his company is ready to take the plunge and become publicly traded. Zalik would seem an odd figure to go so against the grain of fintech conventional wisdom and seek out not just the public spotlight but also the microscope that inevitably comes with taking a private firm public. As a child prodigy, Zalik enrolled in college at the age of just 12 but dropped out shortly thereafter to found his own computer assembly company. Called MicroTech, the company was a success, and Zalik sold it 10 years later for about $5 million.
He then went into a string of other business, which culminated in the formation of GreenSky Credit, a company now estimated to be worth more than $4.5 billion. Through it all, Zalik has avoided the public eye almost as a vampire avoids light. Incredibly, the inveterate entrepreneur says that he never gave a single interview prior to 2016. For someone of such incredible accomplishments, Zalik seems to have little to no need for recognition.
Many have questioned whether the GreenSky Credit CEO’s personality is suited for going from a 100 percent private enterprise to having to deal in the public spotlight the near 100 percent of the time required of those running publicly traded companies.
But Zalik says that GreenSky Credit has reached a level of maturity that means the company would do well to take on public investors and utilize all of the capital influx that such a move entails. He would like to see his company grow another 4 or 5 times.
Adam Milstein is a columnist who writes about more than just news for Israeli journalist organizations like the Jerusalem Post, the Jewish Telegraphic Agency and the Times of Israel; he also offers his thoughts on how Jews and Israeli-Americans can become stronger together. In one of his latest blog posts he mentioned how back in the ancient world, a group of Jewish rebels known as the Maccabees threw off a tyrannical regime of Greek oppressors who had controlled the region in the years after Alexander the Great had conquered it. These Jews were outnumbered and had few weapons with which to fight these armies, but they used other skills and strategies to do it and were successful doing so.
Adam Milstein believes in today’s world, Jews can do the same thing to keep their culture strong for years to come, and it begins with parents instilling characteristics in their children. Those characteristics include courage like the kind the Maccabees had, pride in the nation of Israel and in one’s identity as a Jew, and passion in what you do whether its business, military service, political activism or other patriotism to the homeland. Milstein has spoken at conferences at AIPAC and hosted by the Israeli-American Council in which he has remarked that support and passion for the nation of Israel is higher than ever.
Adam Milstein is a dual citizen of both the US and Israel and prior to moving to the US in 1981 he served in the Yom Kippur War. His career has been in real estate since 1983 when he became a broker at a commercial property firm, and several years later he helped form a privately-owned firm with colleagues David Hager and Robert Neal known as Hager Pacific Properties. The company’s assets value billions in properties across California, Illinois and Texas.
Even though he had adopted American culture in some respects as a businessman and US citizen, Adam Milstein wanted to make sure that Israelis and Jews living in America could stay close to their roots and still be able to be involved with Israel, so that’s why he and his wife Gila started the Milstein Family Foundation. This foundation has been the partner for Jewish-American non-profits like AIPAC and the IAC, and it’s also supported a lot of college-based pro-Israel groups. Sifriyat Pijama B’America is also an important part of the foundation because its helped families learn Hebrew in an easy-to-understand method and teaches young children Jewish stories.
JHSF is a real estate company in Brazil that was established in 1972. The company has been dominating the Brazilian upscale real estate property development ever since. JHSF is responsible for the biggest real estate projects that are seen in major towns and cities in Brazil. Most of their projects are in Sao Paulo, Manors, and Salvador. JHSF have for units that deal with property development acquisitions and management. They are; hotels and restaurants Fasano, offices, executive airports and shopping centers. JHSF have built the largest shopping malls in Brazil that have even subways incorporated into the projects.
JHSF have remained top of the game by ensuring that they come up with innovative ideas that will enable them to dominate the real estate market. Most of their projects that they are coming up in recent times are projects aimed at generating recurring income. They realize that only through being innovative and creating sustainable projects will help them stay ahead of any other company in the region. JHSF have been on a mission to expand its business reach to beyond Brazil. In the recent years, they have been penetrating the Uruguay and United States real estate sectors. The dream of the JHSF management is to have projects in almost every major city in the world.
JHSF have been able to establish itself as the leader in the development of high-end property that is meant for the high-income earners in the society. They have also established themselves as an authority in the development of shopping centers in the country. Some of the biggest shopping centers in the country have been through the work of JHSF. JHSF have also penetrated the retail shopping sector. They have been partnering with prestigious brands to open stores in their shopping centers. They have partnerships with companies like Valentino who have opened stores for their Valentino brands.
José Auriemo Neto is the chief executive officer of JHSF since 2003 and has been the power behind the success of the real estate company. He joined JHSF in 1992.
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