Hayes Barnard

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Hayes Barnard
Born
Creve Coeur, Missouri
NationalityAmerican
EducationUniversity of Missouri(BA)
Occupation(s)Founder, Chairman, CEO of GoodLeap
Founder, Chairman, CEO of GivePower
Years active2003–present
Children3
Websitegoodleap.com
givepower.org

Hayes Barnard is an American entrepreneur. He is currently the founder, chairman, and CEO of GoodLeap, a technology-based finance company. Barnard is also the founder, chairman, and CEO of GivePower, a nonprofit that facilitates solar powered projects to provide clean water and energy systems to underserved communities.[1][2][3]

Early life and education

Barnard was born and raised by a single mother in Creve Coeur, Missouri, a suburb of St. Louis.[4] His father left when Barnard was three years old. Barnard graduated from the University of Missouri with a degree in management and marketing.[5] He won a football scholarship to Central Missouri State, but was injured during his freshman year and subsequently transferred to the University of Missouri, where he graduated with a degree in management and marketing.[5][6]

Career

In 1995 Barnard went to San Francisco to be a part of the hi-tech boom. His first jobs were manning booths at trade shows.[6] He then went on to work at Oracle as a sales executive.[7] In September 2003, Barnard founded Paramount Equity Mortgage (later renamed to Loanpal and subsequently rebranded to GoodLeap),[8] one of the first to provide online[6] residential home loans.[1][9] In 2008, he founded Paramount Solar, a subsidiary of Paramount Equity Mortgage, and became CEO.[1]

In 2011, Guthy-Renker became an investor and business partner assisting in the growth of Paramount Equity Mortgage and Paramount Solar.[9] Barnard and Guthy-Renker also partnered with SolarCity.[7] In 2013, Paramount Solar was acquired by SolarCity for $120 million[7][10] and Barnard became SolarCity's Chief Revenue Officer.[11][3] As Chief Revenue Officer, he managed a team of 8,000.[12] He was also responsible for the company's growth and grew megawatts installed 300% from 2013 to 2015.[13][7][14]

In 2014, Barnard founded GivePower[3][13] while at SolarCity.[3] GivePower is a 501(c)(3) nonprofit organization[15] that develops clean water and energy systems in underserved communities in developing countries.[16][17] GivePower has developed water and energy systems in 17 countries,[16] including communities in Africa, Asia, and Latin America.[11][3] In 2018, Barnard's non-profit organization built a solar-powered desalination system in Kiunga, Kenya that produces 19,800 gallons of fresh drinking water a day.[16][18] The organization also assisted the Sioux Nation in North Dakota in developing a 300-kilowatt solar farm in North Dakota, the first solar farm in the state.[3][19]

In 2016, Barnard left SolarCity and took on the role of chairman and CEO of Loanpal, a financial technology platform that provides financing for clean energy products.[1][13][20][21]

In 2020, Barnard started an asset management fund, GoodFinch.[2]

In 2021, Loanpal rebranded to GoodLeap,[22] "good for life, earth and prosperity."[6]

As of 2024, dozens of litigation and arbitration cases are in process in which GoodLeap customers have alleged they were tricked into taking out onerous loans, were misled about the terms of the loans, or were signed up for a loan without their knowledge.[23]

Personal life

Barnard lives in Austin,[4] Texas with his wife and three children.[24]

In October 2022, Barnard appeared on the cover of Forbes Magazine and ranked #271 on the Forbes 400 list with an estimated net worth of $4 billion.[6] Forbes also awarded Barnard a self-made score of 10 out of 10, a score received by 28 out of the 400 list members.[25][26]

In May 2023, Barnard delivered the keynote address at the 140th commencement of the University of Texas at Austin.[27][28]

References

  1. ^ a b c d Pyper, Julia (2019-04-22). "Loanpal Rockets to Second-Largest Solar Loan Provider in the US". www.greentechmedia.com. Retrieved 2020-03-11.
  2. ^ a b Levy, Ari (2021-01-27). "Exec who quit SolarCity now runs the leading lender for solar installations". CNBC. Retrieved 2021-02-01.
  3. ^ a b c d e f DeBord, Matthew (2019-07-23). "This former SolarCity exec is trying to reinvent 2 parts of the solar business". Business Insider. Retrieved 2020-03-11.
  4. ^
    ISSN 0099-9660
    .
  5. ^ a b "Hayes Barnard". LinkedIn.
  6. ^ a b c d e Ponciano, Jonathan (28 September 2022). "Inside One Billionaire's Plan To Bring Solar Power To Every Homeowner". Forbes.
  7. ^ a b c d Levine, David. "Generating Business: How I Discovered The Social Side Of Sales". Forbes. Retrieved 2020-03-11.
  8. ^ "Tesla's solar retreat provides opening for Loanpal's return". Asset Securitization Report. 2019-03-07. Retrieved 2020-03-11.
  9. ^ a b "California Lender Paramount Equity Pairs with Infomercial Creator Guthy-Renker". American Banker. 2011-03-08. Retrieved 2020-03-11.
  10. ^ "Top Execs of 2013: Hayes Barnard". Sacramento Business Journal. 26 December 2013. Retrieved 2020-03-16.
  11. ^ a b Wang, Ucilia. "SolarCity Buys Paramount Solar To Boost Homeowner Outreach". Forbes. Retrieved 2020-03-11.
  12. ^ "This Lender Has Quickly Become the Leader in Solar Finance". Lend Academy. 2019-05-02. Retrieved 2020-03-30.
  13. ^ a b c "Financing the Clean Energy Future Loanpal". The Silicon Review. Retrieved 2020-03-16.
  14. ^ "SolarCity Form 10-K 2015". SEC. Retrieved 2020-05-08.
  15. ^ "How This Foundation is Bringing Power to the People". Inside Philanthropy. Retrieved 2020-03-11.
  16. ^ a b c "Solar-power desalination produces 20,000 gallons of fresh water each day • Earth.com". Earth.com. Retrieved 2020-03-11.
  17. ^ "Spaceship-Like Tesla Powerwall Setup Produces 50K Liters of Water a Day". Inverse. Retrieved 2020-03-11.
  18. ^ "A solar-powered system can turn salt water into fresh drinking water". ICAST. 2019-09-06.
  19. ^ "Solar Power Comes To Standing Rock Reservation". CleanTechnica. 2019-07-20. Retrieved 2020-03-11.
  20. ^ "Dividend Finance Enters Solar Loan Partnership With KeyBank". Greentech Media. Retrieved 2020-05-01.
  21. ^ "The 3 Huge Trends Driving the Imminent Solar Energy Revolution". Inverse. Retrieved 2020-03-11.
  22. ^ Anderson, Mark (2 June 2021). "Loanpal rebrands to GoodLeap as it expands offerings". Sacramento Business Journal.
  23. ^ Semuels, Alana (25 January 2024). "The Rooftop Solar Industry Could Be On the Verge of Collapse". Time.
  24. ^ Levy, Ari (2021-01-27). "Exec who quit SolarCity now runs the leading lender for solar installations". CNBC.
  25. ^ "Profile-Hayes Barnard". Forbes. 20 October 2022.
  26. ^ Ponciano, Jonathan (8 September 2020). "The Forbes 400 Self-Made Score: From Silver Spooners To Bootstrappers". Forbes.
  27. ^ Menchaca, Megan (7 May 2023). "'A very emotional time:' University of Texas graduates celebrate 2023 commencement". Austin American-Statesman.
  28. ^ "Hayes Barnard Delivers Commencement Address at The University of Texas at Austin". University of Texas at Austin. 6 May 2023.
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