Having recently gotten more active in Prosper.com and blogging about it here and here, I wanted to do some digging around the web and see what others are saying. The following are some of the better articles I have read:
- Why Prosper.com will fail (June 2006) – Obviously, 5 years later Prosper has not failed, but its an interest read.
- Why Prosper.com will succeed (June 2006) – Written by the same guy as above, another good read.
- Wikipedia (Current) – The section on “Cash position and going concern status” is particularly interesting. Long story short, Prosper is operating at a loss and plans to raise additional funding. This is definately should be a concern to lenders. This of course is one of the risks I raised in my previous post.
- Prosper Blog note on the sale of bad loans (May 2008)
- Google Chrome Extension for Prosper.com (January 2011) – I found this interesting.
- Prosper.com Review Circa 2007 (March 2007) – One thing I have seen time and time again is that the overall quality of Prosper.com results have improved in recent years. If you were a lender in 2006, 2007 or 2008 you probably lost money or broke even. More recent loans seem to be doing better. Of course all hell was breaking loose in 2007-2008 in the world of finance. Time will tell if my 2009-2011 loans perform better.
- Lending Club Review (Sept. 2010) – It is interesting to read how others are doing on Lending Club. This post covers tips on loans to avoid.
Cheers,
