Comments on: Baked in Facebook, Social Lending StartUp Raises VC Cash http://gigaom.com/2007/08/22/lendingclub/ Trusted Insights and Conversations on the Next Wave of Technology Sun, 22 Nov 2009 18:08:04 +0000 http://wordpress.com/ hourly 1 By: Colin http://gigaom.com/2007/08/22/lendingclub/#comment-890428 Colin Fri, 25 Jul 2008 15:57:44 +0000 http://gigaom.com/2007/08/22/lendingclub/#comment-890428 I would find it very worrying to lend money to someone I didn't know! I guess you need the security of a large company behind you. Thanks I would find it very worrying to lend money to someone I didn’t know! I guess you need the security of a large company behind you. Thanks

]]> By: On Digital Media http://gigaom.com/2007/08/22/lendingclub/#comment-857480 On Digital Media Tue, 22 Jan 2008 03:16:56 +0000 http://gigaom.com/2007/08/22/lendingclub/#comment-857480 <p><strong>On Digital Media, Episode #47: The $10 Billion Buyout</strong></p> <p>In this episode John Federico, Steve Hatch and Ken Gellman discuss:</p> <p>Eric Rochow’s flattering account of his participation in ODM Episode #46. Traditional banner ads failing on social networks. Collectively, we think LinkedIn probably has the bes...</p> On Digital Media, Episode #47: The $10 Billion Buyout

In this episode John Federico, Steve Hatch and Ken Gellman discuss:

Eric Rochow’s flattering account of his participation in ODM Episode #46.
Traditional banner ads failing on social networks. Collectively, we think LinkedIn probably has the bes…

]]> By: August 23, 2007 at http://gigaom.com/2007/08/22/lendingclub/#comment-594781 August 23, 2007 at Thu, 04 Oct 2007 19:55:54 +0000 http://gigaom.com/2007/08/22/lendingclub/#comment-594781 <p>[...] Online P2P money exchange, Lending Club raises USD10.26m GIGAOM Online P2P money exchange, Lending Club raised USD10.26m in funding led by Canaan Partners and Norwest Venture Partners. Lending Club is an online lending and borrowing exchange which claims more than 135,000 members. It says it wants to use the money to expand beyond Facebook. It was one of the first to build an application on the social networking site and claims to have more than 13,000 users of the application. Dan Ciporin, a partner at Canaan says that whilst the market is still in its earliest stages, “the multi-billion dollar consumer lending market is just beginning to leverage the power of social networks.” Securing mainstream approval is also a key challenge for online P2P money lending services as well as competing in an already quite crowded market. Rivals include will Zopa, Prosper and CircleLending. Source>  [...]</p> [...] Online P2P money exchange, Lending Club raises USD10.26m GIGAOM Online P2P money exchange, Lending Club raised USD10.26m in funding led by Canaan Partners and Norwest Venture Partners. Lending Club is an online lending and borrowing exchange which claims more than 135,000 members. It says it wants to use the money to expand beyond Facebook. It was one of the first to build an application on the social networking site and claims to have more than 13,000 users of the application. Dan Ciporin, a partner at Canaan says that whilst the market is still in its earliest stages, “the multi-billion dollar consumer lending market is just beginning to leverage the power of social networks.” Securing mainstream approval is also a key challenge for online P2P money lending services as well as competing in an already quite crowded market. Rivals include will Zopa, Prosper and CircleLending. Source>  [...]

]]> By: NewTeeVee Lending Club Pays Out In Video Contest « http://gigaom.com/2007/08/22/lendingclub/#comment-477988 NewTeeVee Lending Club Pays Out In Video Contest « Fri, 24 Aug 2007 23:49:42 +0000 http://gigaom.com/2007/08/22/lendingclub/#comment-477988 <p>[...] Club Pays Out In Video Contest As Lending Club seals the deal on $10.6 million in venture capital, the Sunnyvale, Calif.-based startup will be awarding $8,000 in prize money in [...]</p> [...] Club Pays Out In Video Contest As Lending Club seals the deal on $10.6 million in venture capital, the Sunnyvale, Calif.-based startup will be awarding $8,000 in prize money in [...]

]]> By: David Mackey http://gigaom.com/2007/08/22/lendingclub/#comment-475729 David Mackey Fri, 24 Aug 2007 05:14:05 +0000 http://gigaom.com/2007/08/22/lendingclub/#comment-475729 <p>I like P2P lending, though thus far the rates only seem reasonable for individuals who don't have good credit...</p> I like P2P lending, though thus far the rates only seem reasonable for individuals who don’t have good credit…

]]> By: csven http://gigaom.com/2007/08/22/lendingclub/#comment-475343 csven Fri, 24 Aug 2007 01:58:54 +0000 http://gigaom.com/2007/08/22/lendingclub/#comment-475343 <p>I was thinking along the same lines. The only thing that seems somewhat at odds is that on the one hand you have Facebook as a potential testbed for start-ups who hope to gain funding to move out to the broader web beyond FB's walled garden, and on the other hand Facebook is supposedly trying to become the practical web for its users (e.g. their attempt to open up email). While these two things aren't exclusive, my money is currently on the friction caused by Facebook's attempt to expand.</p> I was thinking along the same lines. The only thing that seems somewhat at odds is that on the one hand you have Facebook as a potential testbed for start-ups who hope to gain funding to move out to the broader web beyond FB’s walled garden, and on the other hand Facebook is supposedly trying to become the practical web for its users (e.g. their attempt to open up email). While these two things aren’t exclusive, my money is currently on the friction caused by Facebook’s attempt to expand.

]]> By: Jimmy Huen http://gigaom.com/2007/08/22/lendingclub/#comment-474405 Jimmy Huen Thu, 23 Aug 2007 19:01:04 +0000 http://gigaom.com/2007/08/22/lendingclub/#comment-474405 <p>I thought that Lending Club is very smart to start off in facebook first, and one of the earliest app at that. It gave them instant pool of user base and credibility.</p> <p>One thing I do hope for Lending Club to expand to is to lighten the restriction of the minimum credit score, and let the interest rates be more market driven. I know Prosper is doing this, but Lending Club can benefit by allowing the option for lenders to participate if they choose to.</p> I thought that Lending Club is very smart to start off in facebook first, and one of the earliest app at that. It gave them instant pool of user base and credibility.

One thing I do hope for Lending Club to expand to is to lighten the restriction of the minimum credit score, and let the interest rates be more market driven. I know Prosper is doing this, but Lending Club can benefit by allowing the option for lenders to participate if they choose to.

]]> By: Rex Dixon http://gigaom.com/2007/08/22/lendingclub/#comment-474404 Rex Dixon Thu, 23 Aug 2007 19:00:52 +0000 http://gigaom.com/2007/08/22/lendingclub/#comment-474404 <p>@ugh - please go to the site, and read the information. All the information is laid out in plain English for you. If there is something you do not understand, just leave a comment on the fb forum or even the blog. You can also send an e-mail. Someone will get back to you as soon as possible to address any concerns you might have.</p> <p>Rex</p> @ugh – please go to the site, and read the information. All the information is laid out in plain English for you. If there is something you do not understand, just leave a comment on the fb forum or even the blog. You can also send an e-mail. Someone will get back to you as soon as possible to address any concerns you might have.

Rex

]]> By: ugh http://gigaom.com/2007/08/22/lendingclub/#comment-474395 ugh Thu, 23 Aug 2007 18:54:05 +0000 http://gigaom.com/2007/08/22/lendingclub/#comment-474395 <p>How are these loans secured? As a lender do I have any recourse?</p> How are these loans secured? As a lender do I have any recourse?

]]> By: Lending Club takes on Prosper | p2p Capital Group | http://gigaom.com/2007/08/22/lendingclub/#comment-472896 Lending Club takes on Prosper | p2p Capital Group | Thu, 23 Aug 2007 06:50:11 +0000 http://gigaom.com/2007/08/22/lendingclub/#comment-472896 <p>[...] clipped from gigaom.com [...]</p> [...] clipped from gigaom.com [...]

]]> By: Rex Dixon http://gigaom.com/2007/08/22/lendingclub/#comment-472541 Rex Dixon Thu, 23 Aug 2007 03:38:23 +0000 http://gigaom.com/2007/08/22/lendingclub/#comment-472541 <p>@cdub - it's not "random" people, it's people you either know from school or from some group. Whether or not you loan that person money is up to you as a lender.</p> <p>@Prashant - they are alive and doing quite well from what we read.</p> <p>Rex</p> @cdub – it’s not “random” people, it’s people you either know from school or from some group. Whether or not you loan that person money is up to you as a lender.

@Prashant – they are alive and doing quite well from what we read.

Rex

]]> By: Prashant http://gigaom.com/2007/08/22/lendingclub/#comment-472378 Prashant Thu, 23 Aug 2007 02:31:20 +0000 http://gigaom.com/2007/08/22/lendingclub/#comment-472378 <p>what happened to prosper.com ??</p> what happened to prosper.com ??

]]> By: cdub http://gigaom.com/2007/08/22/lendingclub/#comment-472251 cdub Thu, 23 Aug 2007 01:37:10 +0000 http://gigaom.com/2007/08/22/lendingclub/#comment-472251 <p>that's crazy. who'd loan a random person money?</p> that’s crazy. who’d loan a random person money?

]]> By: Rex Dixon http://gigaom.com/2007/08/22/lendingclub/#comment-472192 Rex Dixon Thu, 23 Aug 2007 01:16:11 +0000 http://gigaom.com/2007/08/22/lendingclub/#comment-472192 <p>Maybe that is "how we roll... " :) Seriously, great angle you took on the announcement. Thanks for covering it.</p> <p>Rex</p> Maybe that is “how we roll… ” :) Seriously, great angle you took on the announcement. Thanks for covering it.

Rex

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