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.

LendingRobot Series unilaterally inks major funding deal regarding Prosper Marketplace

Institutional money is once again pouring into alternating lending. For instance, Prosper Marketplace has recently inked major deals to supply capital for financing loans originating on their platform with a procession of prestigious major institutional investors, including Soros Fund Management, Jefferies, and Third Point LLC. As the Wall Street Journal reported a few months back, these institutions have committed…

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.