Prosper

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20VC 3 Capital Allocators the MAD Podcast

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CAPITAL ALLOCATORS Assertion Supported
Grinda: LendingClub won peer-to-peer lending because Prosper violated SEC rules
“Prosper launched, for instance, before Lending Club, but they violated the SEC rules. They were shut down, which is why Lending Club ended up winning in the category, even though they ultimately had other issues.”
Fabrice Grinda Jan 24, 2022 ▶ 19:19 Fabrice Grinda – Canvassing Seed Stage Marketplaces at FJ Labs, Venture is Eating the Investment World 4 (Capital Allocators, EP.232)
20VC Assertion Supported
Lending Club overtook Prosper by voluntarily shutting down for regulatory compliance
“Whereas a younger company lending club, they really leaned into the regulation. They actually shut down their platform for about six months So that they could comply, and then they started back up, and that was the point at which Lending Club really surpassed …”
Jason Brown Apr 28, 2017 ▶ 9:15 20VC: Why Move Fast and Break Things Is Not Right, How To Instil Radical Candor In Your Organisation & What Founders Must Ask For From Their Investors with Jason Brown, Founder & CEO @ Tally
MAD Insight
Ehrenberg: Social graph data and alternative scoring can transform insurance pricing
“Using things like social graph and other, other kind of non-conventional behaviors to score somebody and to more accurately price insurance. So whether, you know, you look at things like LendUp, or Wonga, or Betfair, you know, similar, or Prosper, similar prin…”
Roger Ehrenberg Dec 5, 2013 ▶ 1:23:08 Panel: Big data and VCs (Accel, IA Ventures, Data Collective) // Data Driven NYC #8// Oct 2012

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