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Ericdibenedetto's Clips
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Clips
CenterNetworks
We've got a couple updates on the social lending front this morning. First, Prosper has entered a quiet period which they note, "Prosper has started a process to register, with the appropriate securities authorities, promissory notes that may be offered and sold to lenders through our site in the future."During this time Pr (Read More)
Oct 28, 2008
: 1,072 new lenders signed up in 10 days, it sounds quite impressive!Eric 
Oct 28, 2008
: @ericdibenedetto do you think there is going to be a legit flight to these sort of higher return investments, even if unsecured?
Oct 28, 2008
: I would expect the general public to realize that lending on such a P2P marketplace generates a higher return than the stock market with a very low risk level as borrowers are all prime borrowers. Gartner expects the social lending category to capture 10% of the credit market away from traditional banks within a few years. In the interest of full disclosure, I am both an angel investor in and a large lender on the Lending Club platform.
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Oct 28, 2008
I would expect the general public to realize that lending on such a P2P marketplace generates a higher return than the stock marke ...
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