Investors are faced with stiff challenges while taking risks in world’s where many people tend to escape. Actually, the thriving force of an investor is seeing opportunities in almost all challenges. While being an investor is rewarding, making the tough decisions on taking the calculated risk before pouring your money into it is the hardest part. Therefore, a bridging gap is necessary where Outweb provides online platform.
GreenSky Credit is one of the financial technology companies in the United States. Founded in 2006 by Mr. David Zalik, Greensky Credit offers online platform for acquiring loans by landlords in need of home development projects. Zalik came to the realization that contractors are the gatekeepers to the mortgagees in United States. The journey of an investor isn’t always straight and many people fail. GreenSky Credit’s birth began with Outweb and in 2006; Zalik facilitated the establishment of the Rockbridge Commercial Bank which three years later failed costing him an investment of $500,000.
The beginning phase towards this approach was turbulent and he had one of his innovative partners step out in 2010. It was an opportunity for Zalik as Robert Sheft, an investor and founder of RMA Home Services, stepped into the Greensky Credit. This triggered the idea of offering immediate sponsorship to customers with small-businesses with the local contractors. During this time, Zalik provided local contractors with lunch and requested them to grant GreenSky Credit financing an attempt. This contractor model took off in the summer of 2013 but Zalik was in debt which lured him to sell part of his company for $10 million. Challenges seemed to keep him on toes and an opportunity rose to sell again which he declined.
Zalik was introduced to Nigel Morris, the co-founder of Capital One – a credit card disruptor. GreenSky Credit received connection beyond Atlanta through a seven-figure investment from Morris in 2014. 17% of GreenSky was sold at $1.8 billion estimation by Zalik a few others in the fall of 2014 to Iconiq Capital, TPG, Wellington Management and DST Global. Fifth Third, two years later, invested double the previous amount valuation.
ClassDojo has a mission to better the education for every child in the world. The ClassDojo app works to connect teachers, parents, and students in the classroom. The app helps individuals work together to formulate great ideas and make magnificent classrooms. ClassDojo doesn’t just use one model because then all classroom’s would be the same and wouldn’t be fit to the needs of the children. Rather this app gives the teachers, parents, and students the resources to create the best classroom that fits their needs. How ClassDojo works is it is used to share videos, pictures, and messages throughout the school day to keep everyone connected. This is a way to show activities in the classroom as well as bring new ideas into both the classroom and homes. ClassDojo is currently used in 90% of schools K-8. The makers of ClassDojo wanted the app to accessible to everybody, so the app is currently available in over 180 countries and is translated in over 35 languages. Not only is ClassDojo accessible to almost everyone, but 20% of the ClassDojo team have some form of teaching background. The app has many qualities such as: creates a positive classroom atmosphere, encourages students to use their voice in the classroom, and brings skills into the classroom setting. ClassDojo may be used on any device. It also features qualities such as digital portfolios and instant, private messaging. ClassDojo offers a back to school night presentation for parents as well as student introduction videos and student account FAQ’s.
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Gone are the days of children coming home from school and mom having to ask about their child’s day with the same ease as pulling teeth. Gone are the days of the once a year parent teacher conference where parents met the teacher for a few minutes as they tired to get a feel for the person caring for their child five days a week. Welcome to the modern age, where parents and teachers can communicate daily to ensure their student is getting the best education and bridging the gap between school and home. This is the kind of world that Liam Don and Sam Chaudhary, founders of ClassDojo imagined. They have created a platform that encourages communication between the classroom and home. It is a media sharing app available on most media devices that allows the teacher to share how the day is going, what they are doing in the classroom, and even allows the teacher to shares photos with the parent so they can get a first hand look into their child’s day.
The application is now being used in almost 2 in 3 schools across the United States and is growing every day. With growing popularity comes growing demand for content. The next step in the process, naturally, is making a profit. With the growing demand for content, ClassDojo has partnered with Stanford University to put out a series of videos that would heighten the learning experience beyond the classroom and give parents the tools to continue the learning process throughout the day and not just the few hours they spend in a school building. A partnership with Harvard is already coming and more videos with broader topics are coming to ensure a rich diversity of subject matter available. Many teachers and parents alike are excited about the new ground up changes that are being made available, and in such an easy to use format. This will single handedly change the learning process, making it more accessible to students and teachers and parents.
This new bridge will bring together communities and make the dispersal of information for more wide spread than we could have ever hoped for and the potential is limitless at this point. Investors in ClassDojo are patient with this profit producing process, and for good reason. One cannot rush a process as delicate as this one, and the product is well worth the investment.