Comments on: Lending Club raises $10.26 for social lending — joins crowded field http://venturebeat.com/2007/08/22/lending-club-raises-1026-for-social-lending-joins-crowded-field/ News About Tech, Money and Innovation Wed, 25 Nov 2009 12:19:57 +0000 http://wordpress.org/?v=2.8.5 hourly 1 By: VentureBeat » Prosper wants to create a secondary market in p2p loans http://venturebeat.com/2007/08/22/lending-club-raises-1026-for-social-lending-joins-crowded-field/comment-page-1/#comment-607490 VentureBeat » Prosper wants to create a secondary market in p2p loans Wed, 31 Oct 2007 21:39:31 +0000 http://venturebeat.com/2007/08/22/lending-club-raises-1026-for-social-lending-joins-crowded-field/#comment-607490 [...] our past coverage of Prosper and other players here. Click here for to the SEC Filing. Tagged N/A VentureBeat [...] [...] our past coverage of Prosper and other players here. Click here for to the SEC Filing. Tagged N/A VentureBeat [...]

]]> By: VentureBeat » PlugandPlay40: More startups on display http://venturebeat.com/2007/08/22/lending-club-raises-1026-for-social-lending-joins-crowded-field/comment-page-1/#comment-542166 VentureBeat » PlugandPlay40: More startups on display Thu, 20 Sep 2007 06:32:40 +0000 http://venturebeat.com/2007/08/22/lending-club-raises-1026-for-social-lending-joins-crowded-field/#comment-542166 [...] of the well-known companies presenting tomorrow will include Lending Club (coverage), TechDirt (coverage), Vator.tv (coverage) and [...] [...] of the well-known companies presenting tomorrow will include Lending Club (coverage), TechDirt (coverage), Vator.tv (coverage) and [...]

]]> By: Brian http://venturebeat.com/2007/08/22/lending-club-raises-1026-for-social-lending-joins-crowded-field/comment-page-1/#comment-535880 Brian Mon, 17 Sep 2007 02:33:31 +0000 http://venturebeat.com/2007/08/22/lending-club-raises-1026-for-social-lending-joins-crowded-field/#comment-535880 We'll see you live in early October. Thank you for covering us. We’ll see you live in early October. Thank you for covering us.

]]> By: VentureBeat » Roundup: Eons cuts, Mercora, Facebook break-even, Mojiti and advertising decline? http://venturebeat.com/2007/08/22/lending-club-raises-1026-for-social-lending-joins-crowded-field/comment-page-1/#comment-531722 VentureBeat » Roundup: Eons cuts, Mercora, Facebook break-even, Mojiti and advertising decline? Thu, 13 Sep 2007 18:04:13 +0000 http://venturebeat.com/2007/08/22/lending-club-raises-1026-for-social-lending-joins-crowded-field/#comment-531722 [...] a Facebook application. It has closed $1 million in loans since launch. We’ve covered the company before. In assessing whether someone is eligible for a loan from others, it considers factors such as [...] [...] a Facebook application. It has closed $1 million in loans since launch. We’ve covered the company before. In assessing whether someone is eligible for a loan from others, it considers factors such as [...]

]]> By: Rex Dixon http://venturebeat.com/2007/08/22/lending-club-raises-1026-for-social-lending-joins-crowded-field/comment-page-1/#comment-493376 Rex Dixon Thu, 23 Aug 2007 16:31:47 +0000 http://venturebeat.com/2007/08/22/lending-club-raises-1026-for-social-lending-joins-crowded-field/#comment-493376 @TOM - you are correct, we at Lending Club just was approved by the state of Arizona recently, and Michigan is around the corner soon. So yes, you have a bunch of paperwork to get approval in the USA. One of our main comments early on was Canada. Many facebook'r's are from there. They were disappointed that we could not provide service to them. There is a company launching soon for Canada btw. Rex Dixon Director of Social Media Content Lending Club @TOM – you are correct, we at Lending Club just was approved by the state of Arizona recently, and Michigan is around the corner soon. So yes, you have a bunch of paperwork to get approval in the USA.

One of our main comments early on was Canada. Many facebook’r’s are from there. They were disappointed that we could not provide service to them. There is a company launching soon for Canada btw.

Rex Dixon
Director of Social Media Content
Lending Club

]]> By: Tom http://venturebeat.com/2007/08/22/lending-club-raises-1026-for-social-lending-joins-crowded-field/comment-page-1/#comment-493082 Tom Thu, 23 Aug 2007 12:37:27 +0000 http://venturebeat.com/2007/08/22/lending-club-raises-1026-for-social-lending-joins-crowded-field/#comment-493082 The field is not really that crowded. Zopa is not available in the US yet. Wonga and Globefunder are not live yet. Loanio is not live yet. Circlelending is not really the same thing - it's just loans between people that already know each other. Right now there are only two competitors - Lending Club and Prosper. The barrier to entry (lending laws) seems to be so huge that it takes a very long time for any P2P lending company to launch. The field is not really that crowded. Zopa is not available in the US yet. Wonga and Globefunder are not live yet. Loanio is not live yet. Circlelending is not really the same thing – it’s just loans between people that already know each other. Right now there are only two competitors – Lending Club and Prosper. The barrier to entry (lending laws) seems to be so huge that it takes a very long time for any P2P lending company to launch.

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