Comments on: Prosper.com To Announce Milestones Tuesday http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/ Startup and Technology News Thu, 24 Jul 2008 12:55:20 +0000 http://wordpress.org/?v=2.5.1 By: Free Game Cheats For Ps2 http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-1184058 Free Game Cheats For Ps2 Thu, 08 Mar 2007 07:17:52 +0000 http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-1184058 <strong>Free Game Cheats For Ps2...</strong> Free PS & PS2 Game Cheats!... Free Game Cheats For Ps2…

Free PS & PS2 Game Cheats!…

]]> By: Aryeh http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-515765 Aryeh Tue, 12 Dec 2006 04:56:57 +0000 http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-515765 I think Prosper.com is great! So far every one has been very supportive. What a wonderful idea. I invite everyone to view my listing. Start bidding now! I think Prosper.com is great! So far every one has been very supportive. What a wonderful idea. I invite everyone to view my listing. Start bidding now!

]]> By: gocardinals http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-343489 gocardinals Mon, 06 Nov 2006 04:18:26 +0000 http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-343489 I am curious if I can beat current rates...... Trying it out! https://www.prosper.com/public/lend/listing.aspx?listingID=57512 I am curious if I can beat current rates…… Trying it out!

https://www.prosper.com/public/lend/listing.aspx?listingID=57512

]]> By: Prosper loan stats checker http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-332680 Prosper loan stats checker Fri, 03 Nov 2006 13:17:33 +0000 http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-332680 Check out the detailed statistics on Prosper and the maps at http://www.wiseclerk.com You can see how much money the top 250 individual lenders have invested in loans (this information is not directly available at the prosper.com site) Check out the detailed statistics on Prosper and the maps at
http://www.wiseclerk.com
You can see how much money the top 250 individual lenders have invested in loans (this information is not directly available at the prosper.com site)

]]> By: Eers http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-327372 Eers Thu, 02 Nov 2006 05:11:22 +0000 http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-327372 A couple of things. Normally, I wouldn't be concerned how much the guy who started eLoan was making ($300k). But it's interesting as there is a concern w/r/t what if they went into bankruptcy? Where do these loans end up then - that's been covered elsewhere. But I also wouldn't be surprised if these fees changed. What's more difficult is getting those first 100k community members isn't it? Kiva.org - not really bootstrapping startups unless you meant startups in Latin America and Africa. They only offer the repayment of your loan right now, no interest. But that's about to change. The blog I referenced has some links/articles about these details. Lastly - Zopa & Prosper. Not quite apples to apples. Zopa has historically worked with "good" credit borrowers, so the interest rates naturally tend to be lower. Prosper runs the range between AA credit to High Risk to No Credit. That's got to be a reason why 100,000 users signed up too. Have you seen some of the rates out at www.prosper.com? Well over 20% in some cases. Let's face it, the US has an appetite for speculation and those kind of numbers tend to stir up interest. A couple of things. Normally, I wouldn’t be concerned how much the guy who started eLoan was making ($300k). But it’s interesting as there is a concern w/r/t what if they went into bankruptcy? Where do these loans end up then - that’s been covered elsewhere. But I also wouldn’t be surprised if these fees changed. What’s more difficult is getting those first 100k community members isn’t it?

Kiva.org - not really bootstrapping startups unless you meant startups in Latin America and Africa. They only offer the repayment of your loan right now, no interest. But that’s about to change. The blog I referenced has some links/articles about these details.

Lastly - Zopa & Prosper. Not quite apples to apples. Zopa has historically worked with “good” credit borrowers, so the interest rates naturally tend to be lower. Prosper runs the range between AA credit to High Risk to No Credit. That’s got to be a reason why 100,000 users signed up too. Have you seen some of the rates out at http://www.prosper.com? Well over 20% in some cases. Let’s face it, the US has an appetite for speculation and those kind of numbers tend to stir up interest.

]]> By: bruce boston http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-326533 bruce boston Wed, 01 Nov 2006 23:49:49 +0000 http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-326533 They certainly do not have more users than American Express.... AXP, generated $24B+ in revenue in 2005, and has over 65,000 employees. http://finance.yahoo.com/q/pr?s=AXP You'll note above that with what info we have, the best we can project is that Prosper.com has generated $300k in revenue, about as much as a small town 7/11 Store in the same time frame. I'm not saying they can't do very cool things with this, but for people going into the lending business, its important that you put things into perspective, and understand the risks involved, which includes looking at competitor info..... -bruce They certainly do not have more users than American Express….

AXP, generated $24B+ in revenue in 2005, and has over 65,000 employees.
http://finance.yahoo.com/q/pr?s=AXP

You’ll note above that with what info we have, the best we can project is that Prosper.com has generated $300k in revenue, about as much as a small town 7/11 Store in the same time frame.

I’m not saying they can’t do very cool things with this, but for people going into the lending business, its important that you put things into perspective, and understand the risks involved, which includes looking at competitor info…..

-bruce

]]> By: Borrowlend.com http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-323638 Borrowlend.com Wed, 01 Nov 2006 04:04:01 +0000 http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-323638 There have been a couple of questions on how Prosper enforces the loans. You can see the answer on our supporting Prosper community site Borrowlend.com here: http://www.borrowlend.com/FAQ/questions/93/ There are over 230 other Prosper questions answered if anyone has any other questions. There have been a couple of questions on how Prosper enforces the loans. You can see the answer on our supporting Prosper community site Borrowlend.com here: http://www.borrowlend.com/FAQ/questions/93/
There are over 230 other Prosper questions answered if anyone has any other questions.

]]> By: mac-finance http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-323052 mac-finance Wed, 01 Nov 2006 00:44:08 +0000 http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-323052 I run the Apple User Group on Prosper, I have been lending since March with about $18,000 out in loans. I have to say it has been a very interesting experience. I think that there is a huge market, and in 5 years or so Prosper will be a common as Master Card or Visa... With 100,000 users Prosper has more users than American Express... Visit our Group page http://maclenders.com I run the Apple User Group on Prosper, I have been lending since March with about $18,000 out in loans. I have to say it has been a very interesting experience. I think that there is a huge market, and in 5 years or so Prosper will be a common as Master Card or Visa… With 100,000 users Prosper has more users than American Express…

Visit our Group page http://maclenders.com

]]> By: award tour » prosper.com milestones http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-322940 award tour » prosper.com milestones Wed, 01 Nov 2006 00:07:11 +0000 http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-322940 [...] Techcrunch » Prosper.com To Announce Milestones Tuesday. the p2p lender hit 100K users and $20M in loans. [...] [...] Techcrunch » Prosper.com To Announce Milestones Tuesday. the p2p lender hit 100K users and $20M in loans. [...]

]]> By: Amit http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-322678 Amit Tue, 31 Oct 2006 22:44:54 +0000 http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-322678 I've signed up. I don't think this will work in developing countries because of low internet penetration. Should be successful in the US. I’ve signed up. I don’t think this will work in developing countries because of low internet penetration. Should be successful in the US.

]]> By: Yan http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-321829 Yan Tue, 31 Oct 2006 18:03:41 +0000 http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-321829 Take a look at kiva.org - they have been bootstrapping startups for a year now... Take a look at kiva.org - they have been bootstrapping startups for a year now…

]]> By: critix http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-321699 critix Tue, 31 Oct 2006 17:23:52 +0000 http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-321699 Is 'busines 2.0 "Disruptor"' the british spelling? Is ‘busines 2.0 “Disruptor”‘ the british spelling?

]]> By: Prosper: Live Long and Borrow « Screenwerk http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-321414 Prosper: Live Long and Borrow « Screenwerk Tue, 31 Oct 2006 15:54:43 +0000 http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-321414 [...] This is a bit “off topic,” but I’ve always found the concept of social/peer-to-peer lending site Prosper.com really provocative. Beyond the concept, I haven’t really followed the site. But now TechCrunch overs the fact that it now has 100K users and has logged $20 million in loans funded through the site. [...] [...] This is a bit “off topic,” but I’ve always found the concept of social/peer-to-peer lending site Prosper.com really provocative. Beyond the concept, I haven’t really followed the site. But now TechCrunch overs the fact that it now has 100K users and has logged $20 million in loans funded through the site. [...]

]]> By: techdailyblog http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-321290 techdailyblog Tue, 31 Oct 2006 15:09:31 +0000 http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-321290 Interesting how do they enforce the loans being paid? Are they responsible? Interesting how do they enforce the loans being paid? Are they responsible?

]]> By: Peter Cooper http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-320673 Peter Cooper Tue, 31 Oct 2006 11:45:21 +0000 http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-320673 You gotta admit it's not surprising they've beaten Zopa's numbers.. since Zopa has a market that's 5-8 times smaller. If you take that into account, I imagine Zopa are still doing a lot better. You gotta admit it’s not surprising they’ve beaten Zopa’s numbers.. since Zopa has a market that’s 5-8 times smaller. If you take that into account, I imagine Zopa are still doing a lot better.

]]> By: Basic Thinking Blog » Bankentod? Prosper http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-320637 Basic Thinking Blog » Bankentod? Prosper Tue, 31 Oct 2006 11:30:03 +0000 http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-320637 [...] dazu bei Techcrunch: Prosper.com To Announce Milestones Tuesday Trackback-URL Gelesen: 1 heute:1 [...] [...] dazu bei Techcrunch: Prosper.com To Announce Milestones Tuesday Trackback-URL Gelesen: 1 heute:1 [...]

]]> By: Thomas Barker http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-320480 Thomas Barker Tue, 31 Oct 2006 10:38:52 +0000 http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-320480 Alex is right. It's very hard to run a complex centralised operation at a profit. Maybe Prosper should start thinking of itself as a platform for existing social groups to do lending, rather than an eBay-style marketplace between strangers. The Prosper groups are an interesting start. Perhaps after a few credit shakeouts some of them will grow/merge into mini-asset managers. thomasbarker.com Alex is right. It’s very hard to run a complex centralised operation at a profit.

Maybe Prosper should start thinking of itself as a platform for existing social groups to do lending, rather than an eBay-style marketplace between strangers.

The Prosper groups are an interesting start. Perhaps after a few credit shakeouts some of them will grow/merge into mini-asset managers.

thomasbarker.com

]]> By: mike http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-320211 mike Tue, 31 Oct 2006 08:31:00 +0000 http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-320211 This is great. Maybe those guys from Nigeria whose uncle died with $10M can loan us some of that money through prosper. This is great. Maybe those guys from Nigeria whose uncle died with $10M can loan us some of that money through prosper.

]]> By: Graham http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-320190 Graham Tue, 31 Oct 2006 08:08:21 +0000 http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-320190 "I think they should do something like this for under developed countries where $500 goes a long way. Seems to me that those are the countries that are in desperate need of a credit system." That's an excellent idea, although the availability of the internet would hinder awareness and growth in those environments. Unless the system in question was designed to integrate into users current mobile banking accounts and accessed via SMS/IVR. Mobile banking is the most available and widespread platform in those areas from which to expand. “I think they should do something like this for under developed countries where $500 goes a long way. Seems to me that those are the countries that are in desperate need of a credit system.”

That’s an excellent idea, although the availability of the internet would hinder awareness and growth in those environments. Unless the system in question was designed to integrate into users current mobile banking accounts and accessed via SMS/IVR. Mobile banking is the most available and widespread platform in those areas from which to expand.

]]> By: Donny Pauling http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-320133 Donny Pauling Tue, 31 Oct 2006 07:36:26 +0000 http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-320133 Prosper.com looks like a long term investment. I love the person to person idea. Prosper.com looks like a long term investment. I love the person to person idea.

]]> By: Social Networking - http://www.contentpop.com http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-320082 Social Networking - http://www.contentpop.com Tue, 31 Oct 2006 07:16:04 +0000 http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-320082 I agree with Alex, the money is very low right now, however, if they start to do house loans or bigger business loans, those numbers could change dramatically. I think they should do something like this for under developed countries where $500 goes a long way. Seems to me that those are the countries that are in desparate need of a credit system. I agree with Alex, the money is very low right now, however, if they start to do house loans or bigger business loans, those numbers could change dramatically. I think they should do something like this for under developed countries where $500 goes a long way. Seems to me that those are the countries that are in desparate need of a credit system.

]]> By: Alex http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-319932 Alex Tue, 31 Oct 2006 06:31:09 +0000 http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-319932 Even though the idea is cool, how can they ever make money? $20 million in funded loans at 1% means they made $200K, and then lets add the 0.5% maintenance fee for $100K per year. So in total they have made $300K. I think that would pay the salary of just about 1 or 2 of the 7 people on their management team. Even though the idea is cool, how can they ever make money?
$20 million in funded loans at 1% means they made $200K, and then lets add the 0.5% maintenance fee for $100K per year. So in total they have made $300K.
I think that would pay the salary of just about 1 or 2 of the 7 people on their management team.

]]> By: David Mackey http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-319820 David Mackey Tue, 31 Oct 2006 05:36:06 +0000 http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-319820 I like Prosper in theory, I signed up a while back, but the loans just don't seem competitive if you have good credit. I like Prosper in theory, I signed up a while back, but the loans just don’t seem competitive if you have good credit.

]]> By: TechCrunch Japanese アーカイブ » Prosper.com、火曜にマイルストーン達成 http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-319786 TechCrunch Japanese アーカイブ » Prosper.com、火曜にマイルストーン達成 Tue, 31 Oct 2006 05:15:08 +0000 http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-319786 [...] [原文へ] Prosper [...] [...] [原文へ] Prosper [...]

]]> By: David Shim http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-319666 David Shim Tue, 31 Oct 2006 03:54:18 +0000 http://www.techcrunch.com/2006/10/30/prospercom-to-announce-milestones-tuesday/#comment-319666 Interesting thread on Fatwallet.com highlighting individual's success and failures working with Prosper.com. http://tinyurl.com/yghk6k In addition, here is a table of lenders with more then 25 loans and their projected ROI. http://tinyurl.com/ymrgnn Interesting thread on Fatwallet.com highlighting individual’s success and failures working with Prosper.com.

http://tinyurl.com/yghk6k

In addition, here is a table of lenders with more then 25 loans and their projected ROI.

http://tinyurl.com/ymrgnn

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