David Zalik came to the United States at age 3. His family had migrated from Israel in order to follow his father’s job. When Zalik entered school, his teachers quickly discovered that they were dealing with a truly exceptional student. Zalik proved to be a child prodigy, blazing through elementary and middle school and skipping grade after grade along the way. By the time he was 12, he had sufficient credits to graduate from high school. He was invited to attend Auburn University later that year.
An entrepreneur is born
Zalik enjoyed his first year of university studies. But by the middle of his second year, he was growing bored with the stifling academic environment. At the age of just 14, Zalik dropped out of college in order to found his first company, computer manufacturer MicroTech.
He worked hard at the business. And eventually, nine years later, he was able to sell the company for $5 million. Zalik then took that money and plowed it into Atlanta-area commercial real estate where he was again able to enjoy a high degree of success. Within just a few years, he had driven his net worth up to $12 million through astute real estate investments.
In the meantime, Zalik founded a number of tech startups. One of those would come to be called GreenSky, a financial technology company that matches lenders with borrowers on an instant basis to allow big-ticket purchases of retail goods and services. It would be with GreenSky Credit where Zalik would finally hit the true bigtime.
GreenSky was founded in 2006. Zalik had put up his entire real estate empire as collateral against a loan in order to launch the company. At the time, it looked like a risky proposition. But Zalik knew exactly what he was doing.
Today, GreenSky is worth an estimated $5 billion. The company is doing billions of dollars each year in new loans and is considering an IPO, which some analysts have stated may be the most valuable of its kind in the history of the fintech space. Under Zalik’s continued leadership, GreenSky has a bright future.
Fabletics is the workout clothing startup that was co-founded by Kate Hudson the Oscar-nominated mega star. Presently, it is launching an internet workout platform for the individuals who cling to that fit and astounding way of life. The online workouts are a piece of Fabletics’ extended community perks and will comprise of high-profile and new workout partners every month from top studios, for example, Physique 57, The Fitting Room and Body by Simone.
The one proviso is these workouts might be made accessible to individuals who visit the site every month to view the new collections. As each great advertiser knows, it’s less demanding to offer to past clients than it is to change over new ones and this prerequisite for accessing is an approach to allure return visits and to bring more sales from those effectively acquainted with the brand.
Fabletics CMO Kristen Dykstra additionally says the offering pushes a fitting lifestyle both online and offline to the brand’s big audience of steadfast supporters — a hefty portion of whom she indicated live in parts of the country where they may not be able to reach these high-end workout instructors and studios.
Hudson has been at the front line of the “athleisure wear” movement after propelling her startup in the online space in 2013 and has established a world movement around the brand. Fabletics guarantees adorable workout outfits at “the same performance and quality for have the expense” to its present millions of VIP members that are all over the eight countries. The startup only jumped into physical retail this last year, opening 18 stores to this point.
Yet, there’s a heightening level of competition in the space, as there is in many fashion e-commerce organizations nowadays, though especially from Chinese producers selling low-cost workout wear from abroad and active online upstarts. Fabletics ought to discover new roads to delight and surprise new customers while retaining the active members.
At the beginning of her profession, Kate Hudson advanced from the little girl of Hollywood sovereignty to a widely praised, Oscar-named on-screen character. She rapidly turned into a global whiz, with many credits and overall achievement. Presently, the New York Times top rated creator of Pretty Happy: Healthy Ways to Love Your Body, modern mom and fashion icon has added another credit to her name: world fashion entrepreneur.
It is approximately 3 years since Hudson collaborated with TechStyle co-CEOs Don Ressler and Adam Goldenberg to establish Fabletics. The coming of TechStyle’s eComm expertise with Hudson’s fashion mastery demonstrates a winning combination at a time when pushing up against mammoths like Under Armour, Nike and Lululemon is demonstrating a triumphant blend while going up against mammoths like Lululemon, Nike and Under Armor.
CEOs of the company Adam Goldenberg and Don Ressler pride themselves on being able to spot opportunity where others do not. They both are successful entrepreneurs in their own right. Adam created a gaming company called Gamers Alliance and turned it into a multi million-dollar enterprise. He sold the company to a large corporation three years later and became the youngest executive at that organization. It was at this large corporation that Adam met Don Ressler. Ressler was a young business man himself. He founded a startup company called Fitness Heaven and also sold it to Intermix, the same company that bought Adam’s business. The two of them became friends and decided that it was in their best interest to go into business on their own. They launched a new concept that would take the fashion industry by storm.
JustFab was the first business idea that Adam and Don put into action. JustFab is a retailer that sells women’s clothing apparel online. Don and Adam are not experts in the area of women’s clothing. However, they are both very skilled at marketing on the internet. They brought in experts to give them guidance on fashion issues. It was their business model that set them apart from other retailers. The products were made available online through a website that allows customers to become members of the site by paying a monthly fee.
Members got to purchase the items on the site at a discounted price. The website also recorded the shopping tendencies of each member and set recommendations for new items on a regular basis. Adam and Don felt like this interactive process motivated consumers to stay more involved with the company. The idea was to turn visitors of the site into frequent shoppers instead of online browsers. JustFab was a tremendous success and the company quickly grew into an international retailer.
Fabletics would soon follow as another brand under Adam Goldenberg and Don Ressler. Fabletics is an athletic apparel clothing line for women. The duo teamed with actress Kate Hudson to promote the new product. Fabletics was well received. The demand for the merchandise prompted Adam and Don to open retail stores so consumers could have a physical experience with the items. The retail stores are strategically placed throughout the country and are designed to allow members to have the same shopping experience as they do online. The purchase are a documented and the pricing structure is the same as it would be if shopping on the website. Find out more about the company via Adam Goldenberg’s Twitter page, as he posts frequent updates.