The CEO of a successful financial company who gets the company going by taking a “boostrapping” approach is someone who is sure to get the attention of market watchers. This is especially true when the company, in this case Greensky Credit, enjoys unprecedented success before the CEO finally decides to file for an IPO. In this case, the CEO is Atlanta-based real estate billionaire David Zalik, and right now Zalik is considering putting forth an IPO at a company valuation of $5 billion, to raise $1 billion. That’s a lot of money for a home improvement loan startup that launched back in 2007. According to a recent article in Forbes Magazine, however, these are indeed the moves Zalik is making, and if all goes well, Greensky Credit will be looking very good to investors in the near future.
Making Its Own Rules
Greensky Credit is getting a lot of attention these days for the unusual way that Zalik has built this highly successful financial technology company. Unlike other companies of this type, Zalik has always worked closely with banks, and right now the company gets a 1 percent share of the company’s yearly loan value back from the banks in exchange for its work in arranging and servicing loans. Right now, the client roster for this successful startup includes a long list of affluent borrowers, and the company is looking very stable.
Zalik ran the Greensky Credit for many years using his own “bootstrapped” funds, and he didn’t take any outside cash until 2014. By keeping things going this way, he avoided the danger that hit many startups of blowing through their $30 million funding by spending it on frivolous non-essentials. For Zalik, keeping a company lean and mean is the key to long-term success, which is why today many market watchers are very bullish on this attention getting financial success story.
There are a great many parents out there that are unable to stay very involved with their children’s activities in school, usually this is because they have work and errands to do throughout the days. Since communication has never been strong in schooling, this is problematic for students, especially the ones that need encouragement and more engagement to build their confidence. Thanks to the release of ClassDojo several years ago, this has been turning around quite a bit in schools all across the United States. Their educational platform is based around improving communication between all parties in the schooling environment, this way students will feel more encouraged and confident in performing well.
Liam Don and Sam Chaudhary, the founders for ClassDojo, got their inspiration for the company after traveling around to different schools and seeing the conditions they were in. Now, with the use of ClassDojo, teachers are able to constantly engage their students and post up fun things on the class board for students. Any special classroom moments that happen throughout the school year, can be kept on the story board.
Parents can especially take good use of the ClassDojo platform, as it finally allows them to check in on their children while they are in school. They are able to keep track of their progress and how they are doing on their classwork as well as how they are behaving day in and day out. There is not much need for the old parents teacher conferences or phone calls for parents to stay updated, because teachers can use the platform to stay in direct and immediate contact at all times. Parents can regularly check up on holidays and events, and never miss out on important school information.
ClassDojo only launched roughly 5 years ago, and they have already grown a great deal in size. Their platform has managed to make its way into more than two thirds of the schools throughout the entire country and it has even been spreading to other countries as well. Without charging anything for the program, ClassDojo is still updating their application and adding new features. Some of their features cost money, though they are completely optional and are just a form of raising money for the continued expansion of the platform into the future.
One of the biggest challenges that parents face is finding time and ways to stay connected to their children’s education. Due to demanding work schedules, which now require parents to work more than ever before, many parents do not have the time to stay on top of their kids education by connecting with teachers. Thanks to a new application called Class Dojo, staying connected to your kid’s education is easier than ever before.
Class Dojo is a mobile phone and tablet application that allows parent, teachers, and students to stay connected throughout the school year. The application allows a teacher to post all necessary and pertinent information including test scores, class schedules, grades, and homework assignments. Teachers can also use the software to contact parents and give more detailed and personalized updates for each student in the class. The software has become so popular with educators and parents that it has gained the attention of venture capitalists, which have recently given a round of funding that valued it at over $20 million.
While the software was initially used as a way for parents and teachers to connect to each other on a more regular basis, it has quickly become a great way for teachers to provide rewards to students in the classroom. At participating schools a teacher is able to review a student on a daily or weekly basis and assess the student on a variety of metrics including behavior, effort, attention, success, and other factors. When applicable, a teacher is then able to give the student a grade or Dojo Point. Dojo Points can then be accumulated over time and then used by a student to redeem for special prizes.
While this system has been used primarily in elementary schools, there is likely application available that can be advanced to high schools and middle schools as well. Parents and teachers are looking for ways to encourage good behavior, continued effort, and academic success. Using a system such as ClassDojo will allow a student to not only receive the accolades, but track their progress in a more user-friendly manner than ever before.