Category: Opinion

Lending Club and Uber: A Tale of Two Unicorns

The main offices of both Lending Club and Uber may be mere blocks away from each other in San Francisco, but the modus operandi of the two tech companies are worlds apart. Uber has expanded hyper-aggressively, consciously making the decision to sacrifice rule-following for the sake of growth. Meanwhile Lending Club has, for the most part, eschewed the typical Silicon Valley mantra of ‘move fast and break things’ for a more conciliatory approach.

Our Clients Are Awesome

Today, we sent a ‘Monthly Report’ to our clients. This is the kind of info they should have received: Expected Return: 9.04%, Expected Value in 12 months: \$136.412. Instead we sent something like that: Expected Return: 0.00%, Expected Value in 12 months: \$-14,450,428,383,661.

Hammering the Final Nail in the ‘Peer Lending’ Coffin

Lending Club recently announced the launch of a new type of credit: auto loans. This is great news,… except for the individual Peer Lending investor, who remains without access to this investment opportunity. Again. Perhaps this change was inevitable, as technology originally designed to serve the individual investor has evolved to deal with its own success. Peer-to-Peer as an impetus…

Brace for impact?

An increase of stock market prices is only sustainable when it matches economic growth. Otherwise it’s pure speculation, and history has shown that ‘corrections’ inevitably happen.

When Facts Get In the Way of a Good Story

Bloomberg recently posted a critical article about Lending Club. There are two main points in the article: first, that Lending Club is clandestinely issuing “supposedly” undesirable loans to repeat borrowers, and second, that Lending Club as a company is failing.

Your Financial Superpower

You have a superpower. You’ve probably used it without even knowing what was really happening, and, for better or worse, it has changed your life.

In fact, nearly the entire human race has this ability. It has been honed over thousands of years, and made more efficient with technological innovations and quantified with mathematical formulas.