David Zalik is one of the more interesting characters in the financial technology industry. A former child prodigy, Zalik got a near perfect score on the SAT test at the age of just 12 years old. This caused him to be invited to attend classes at Auburn University, allowing him to skip high school completely. But it didn’t take long for Zalik to become bored with academia. He dropped out at around the age of 15 to pursue the development of his computer-assembly business,MicroTech.
MicroTech did well. And Zalik was able to sell the firm for approximately $5 million in 1996. At the age of just 22, Zalik had become a millionaire. He invested his capital in Atlanta-area commercial real estate. This proved to be a sound investment. By the time he was 32, Zalik wasworth over $10 million. It was during this time that he first became aware of the opportunity presented by generating big-ticket point-of-sale loans.
Working with another one of his companies, e-consultancy firm Outweb, Zalik had noticed that a large number of hishome-remodeling customers were losing business at the point of sale. Specifically, customers with little to no experience in contracting were systematically and severely underestimating the final costs involved in home remodeling projects. Contractors who were bidding on these projects found that customers were often so far out of the ballpark of realistic cost expectations that the bridge simply could not be gapped. Contractors were losing sales.
Zalik formed GreenSky Credit as a way to providepromotional financing for customers who couldn’t immediately afford their home-improvement projects. The genius in GreenSky Credit lies in the fact that it creates strong value for literally everyone involved. GreenSky Credit allows the customers to get the home improvements that they need, creating deep satisfaction with their homes and increasing their home’s resale value.
At the same time,GreenSky Credit delivers high-quality loans to lenders while helping contractors to nail sales that would have otherwise been lost. GreenSky Credit provides loans to mostly prime borrowers, almost eliminating the risk that lenders will have to contend with defaults.
Jason Hope is, among many things, one of the most renowned futurist in the tech industry today. Hope has worked entire career to try and push the edge of his work and this has led him to become something of a household name in the field of mobile communications. After finding success with Jawa, Hope turned his attention to a variety of different fields thanks to his partnership outreach program. One of the most recent, and influential, fields that Hope is choosing to pursue is biotechnology. What has brought Hope to look at the biotechnology field as his next fruitful endeavor? Let’s look into it and find out.
Jason Hope scored his MBA in finance from Arizona State University before jumping right into the game as an entrepreneur. Over the past ten-plus years, Hope has managed to turn his modest beginnings into the makings of an industry gamechanger. Through his work, Hope has come to rely on technology in a variety of different ways and in no way is this more important for the rest of the world than medicine. Hope, like many people, has turned to medicinal research as the future and as an entrepreneur, this makes even more sense.
Hope didn’t stumble into the field of biotechnology, he ended up putting in serious research in order to find a company that he felt comfortable working. Hope’s research led him to discover the SENS Foundation which is a non-profit, medicinal research facility based out of California. The SENS Foundation has been on the front line of anti-aging and age-related illness research for over a decade now and their work continues to inspire hope for patients and professionals in and around the industry. Hope was instantly attracted to their work and he made sure to support it by writing a $500,000 donation to the company.
With Hope’s donation, the SENS Foundation will be able to push forward with research and technological advancements surrounding diseases like Alzheimer’s and Diabetes as well as Parkinson’s. Hope’s donation was announced at the Breakthrough Philanthropy event hosted by Peter Thiel in San Francisco. Thiel was not only proud of Hope’s donation but he was also impressed by the veracity of passion that Hope held for the work. With this mighty donation in their services, the SENS Foundation will look ahead to even more extended work with Jason Hope in the future.
There is no holding back progress. With the coming advent of many of the technologies broadly referred to as the Internet of Things, it is only a matter of time until major disruptions start occurring across industries. Things such as the advent of self-driving cars will radically transform the ways in which industries like transportation, logistics and warehousing are carried out. Although this will certainly put many people out of work, there will be huge benefits that more than outweigh the costs.
At least this is the vision of the coming future according to Jason Hope, one of the most successful internet entrepreneurs in America. Hope readily acknowledges that the technologies that the Internet of Things will bring to industry and into the lives of everyday Americans have the potential to radically disrupt the current employment market. Hope says that the driving professions alone employs more than 3 percent of the current total workforce. He says that all of these people are in imminent danger of losing their jobs over the next five to ten years.
What’s more, Hope says that many of these jobs are on the lowest end of the skill spectrum, making it reasonable to expect that these drivers will not be able to be successfully retrained for jobs. This is particularly true, says Hope, due to the fact that other industries are quickly eliminating their most entry-level positions. Fast food, for example, is going to a primarily kiosk-based system, vastly reducing the number of employees needed to run a given franchise. Hope believes that this will lead to a widespread employment shortage, necessitating a radically new system of social welfare programs that will be able to take care of these employees who can no longer find work.
For this reason, Hope says the incredible savings and efficiency gains yielded by technology such as driverless vehicles and automated customer service kiosk should be poured back in, at least in part, to the creation of a universal basic income for all unemployed people in the United States.
Hope believes this is not only the humane thing to do, but that it will as finally achieve the vision of the original technologists, the dramatic reduction of menial labor.