Comments on: Interview with Chris Larsen of Prosper.com http://blog.perfectspace.com/2006/10/12/interview-with-chris-larsen-of-prospercom/ community, entrepreneurship and business strategy Sun, 08 Jan 2012 02:04:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: natehttp://blog.perfectspace.com/2006/10/12/interview-with-chris-larsen-of-prospercom/#comment-49185 nate Mon, 04 Jun 2007 05:53:09 +0000 http://blog.perfectspace.com/2006/10/12/interview-with-chris-larsen-of-prospercom/#comment-49185 Thanks for the comment Dan. It seems like an interesting strategy. Probably better than playing the stock market, I hope. But, the risk just seems a bit too high for my money. We'll see where it goes though. Thanks for the comment Dan. It seems like an interesting strategy. Probably better than playing the stock market, I hope. But, the risk just seems a bit too high for my money. We’ll see where it goes though.

]]> By: Danhttp://blog.perfectspace.com/2006/10/12/interview-with-chris-larsen-of-prospercom/#comment-49172 Dan Mon, 04 Jun 2007 00:54:31 +0000 http://blog.perfectspace.com/2006/10/12/interview-with-chris-larsen-of-prospercom/#comment-49172 First, I have a basic economic thought: I believe as a diversification tool and risk-free rate of return investment (if spreading out your loans thinly enough, you can achieve the avg loan rate net of defaults as posted at prosper) of 9%+, smart investors will pile in within the next year or two driving up demand for loans (and hence agressively decreasing the average interest rate since lender supply outstrips borrower demand). Therefore, I'm investigating and loading up on 3-year lockins now. Anyone else feel this way? Here is the latest on my experience: I’ve been using prosper for a few months now and I’m quite pleased with the results. I have over 20 loans out with an avg rate of over 13%. All loans that have existed for a few weeks are current with their payments. I’ve posted on top groups and strategies for those interested at my blog. There are groups to avoid and strategies to employ to weed out the bad apples. Good luck! http://www.everydayfinance.blogspot.com -- First, I have a basic economic thought: I believe as a diversification tool and risk-free rate of return investment (if spreading out your loans thinly enough, you can achieve the avg loan rate net of defaults as posted at prosper) of 9%+, smart investors will pile in within the next year or two driving up demand for loans (and hence agressively decreasing the average interest rate since lender supply outstrips borrower demand). Therefore, I’m investigating and loading up on 3-year lockins now. Anyone else feel this way? Here is the latest on my experience:

I’ve been using prosper for a few months now and I’m quite pleased with the results. I have over 20 loans out with an avg rate of over 13%. All loans that have existed for a few weeks are current with their payments. I’ve posted on top groups and strategies for those interested at my blog. There are groups to avoid and strategies to employ to weed out the bad apples. Good luck!

http://www.everydayfinance.blogspot.com

–

]]> By: Gerri Detweilerhttp://blog.perfectspace.com/2006/10/12/interview-with-chris-larsen-of-prospercom/#comment-47154 Gerri Detweiler Mon, 14 May 2007 18:59:56 +0000 http://blog.perfectspace.com/2006/10/12/interview-with-chris-larsen-of-prospercom/#comment-47154 Good interview Nate, I am not clear when it took place but it looks like 2006? Having been in the credit field for some time, I was keeping my eye on Zopa to launch in the US but it looks like Prosper got here first. Things are really on a roll for Prosper, and it will be interesting to see what happens as the credit crunch heats up (which I am confident is just beginning.) It may make it even more popular as folks look for alternatives to traditional loans. Good interview Nate, I am not clear when it took place but it looks like 2006? Having been in the credit field for some time, I was keeping my eye on Zopa to launch in the US but it looks like Prosper got here first. Things are really on a roll for Prosper, and it will be interesting to see what happens as the credit crunch heats up (which I am confident is just beginning.) It may make it even more popular as folks look for alternatives to traditional loans.

]]> By: natehttp://blog.perfectspace.com/2006/10/12/interview-with-chris-larsen-of-prospercom/#comment-38460 nate Fri, 02 Feb 2007 15:59:22 +0000 http://blog.perfectspace.com/2006/10/12/interview-with-chris-larsen-of-prospercom/#comment-38460 Hmm.... I think this post is getting quite spammy remarks... not happy about that. If you have something to say that contributes solidly to this conversation, fine. But, one more like the above, and I'll be shutting down comments on this post. Come on folks, at least ACT like you've read the post. I edited the above post to filter out the spamminess. If someone cares what site it was for, feel free to ask, and I'll add it back in (or if Kevin remembers this post, he can add it back in). Hmm…. I think this post is getting quite spammy remarks… not happy about that.

If you have something to say that contributes solidly to this conversation, fine. But, one more like the above, and I’ll be shutting down comments on this post.

Come on folks, at least ACT like you’ve read the post.

I edited the above post to filter out the spamminess. If someone cares what site it was for, feel free to ask, and I’ll add it back in (or if Kevin remembers this post, he can add it back in).

]]> By: Kevinhttp://blog.perfectspace.com/2006/10/12/interview-with-chris-larsen-of-prospercom/#comment-38435 Kevin Fri, 02 Feb 2007 07:25:17 +0000 http://blog.perfectspace.com/2006/10/12/interview-with-chris-larsen-of-prospercom/#comment-38435 I wasn't happy with the current blog coverage from an in depth lending perspective... so I started my own. My site explores all aspects of lending on Prosper.com using personal experiences as examples while adding rigor to my own journey. Always looking to improve return on investment and reduce risk. I wasn’t happy with the current blog coverage from an in depth lending perspective… so I started my own.

My site explores all aspects of lending on Prosper.com using personal experiences as examples while adding rigor to my own journey. Always looking to improve return on investment and reduce risk.

]]> By: natehttp://blog.perfectspace.com/2006/10/12/interview-with-chris-larsen-of-prospercom/#comment-18464 nate Wed, 08 Nov 2006 16:26:10 +0000 http://blog.perfectspace.com/2006/10/12/interview-with-chris-larsen-of-prospercom/#comment-18464 Thanks for the link, um, "Prosper Loan Stats". Thanks for the link, um, “Prosper Loan Stats”.

]]> By: Prosper loan statshttp://blog.perfectspace.com/2006/10/12/interview-with-chris-larsen-of-prospercom/#comment-18422 Prosper loan stats Tue, 07 Nov 2006 21:07:35 +0000 http://blog.perfectspace.com/2006/10/12/interview-with-chris-larsen-of-prospercom/#comment-18422 If you want to read more information and experiences either from borrower or lender side, be sure to check the official forum at http://forums.prosper.com If you want to read more information and experiences either from borrower or lender side, be sure to check the official forum at
http://forums.prosper.com

]]>