David Zalik immigrated to the United States with his family when he was still hardly able to walk. But despite hailing from a completely different culture, the young Zalik proved to be a prodigiously capable student from his earliest years. By the time he was of middle-school age, Zalik had already skipped through almost the entirety of the public-school curriculum. He ended up graduating when he was 12 and attending Auburn University. There, he decided to major in computer science.
But Zalik quickly became bored with the academic environment. At age 14, he dropped out of college to start his own computer company. Called MicroTech, the company proved to be a slow but steady success. At age 22, Zalik sold the company for around $5 million. He then plowed all of his profits into Atlanta-area commercial real estate. Over the next 10 years, Zalik founded a number of other startups. One of those, OutWeb, was an e-consultancy that worked with some of the largest home improvement companies in the country. This was where Zalik first noticed that there was a terrible leak in the home-improvement business model.
Homeowners, who usually had no experience with contracting, often wanted to do costly remodeling projects. However, when these inexperienced home remodelers discovered that they had inevitably underestimated the true cost of their projects by five-figure amounts, the deals would often fall through. This provided the idea behind GreenSky . Zalik risked his entire net worth to found GreenSky , which he believed could create billions of dollars in value each year while helping every party involved.
GreenSky creates value for everyone
Zalik realized that if he could create a technology that could instantly line up large lenders with these often high-credit-scoring customers at the point of sale, then huge value could be created for everyone. GreenSky provided the solution. Today, GreenSky facilitates the origination of billions of dollars in point-of-sale instant loans to prime borrowers. It helps push through sales for retailers, gets contractors working, gives lenders high-quality loans and, most importantly, helps homeowners to complete value-adding renovations that help boost their home prices.