If there is one thing GreenSky Credit CEO David Zalick understands, it would be how to build a successful company. He is a man of very simple taste: he only wants the best, and, naturally, he only does what is best for growing his company as well. Even though some of his strategies are anathema to normal business strategies, he is definitely a perfectionist, as seen in Greensky Credit’s recent decision whether to start an IPO. In considering an IPO, Zalick is yet again bucking the trend.
This is because companies often wait years before they consider an initial public offering. Companies such as Uber and eBay were perfectly happy improving their balance sheets and growing their company first. Not GreenSky Credit however.
The greatest thing about Greensky would have to be the fact that they work directly with banks. While most independent companies against the banks, the magic of Green Sky would be the fact that they actually get all of their loans from deposit Rich Banks. Once you have considered this, you realize immediately why Greensky Credit is already considering initial public offering.
Another reason in part why this company is considering an initial public offering so soon would be David Zalik’s management style. When this company was much younger, this individual kept his ownership stake intact by borrowing 10 million dollars against some of his property assets. In this manner, he was able to grow his company. Moreover, his company did not raise outside capital until the eighth year they were in business.
One of the other reasons why David Zalik’s company continued to prosper was because once he did start raising money from outside sources he did not blow the money. He realizes that the culture of Silicon Valley is to give all of their employees a bunch of perks. He did not do that, and that is one of the main reasons why this company is ready for an IPO.
Inherent in David Zalik’s Life would be a sense of gratefulness and frugality. He realizes that money and success can be a fleeting thing, and in order to continue to grow this company he will have to work smarter than the competition.