SEC Committee on Crowdfunding

The SEC Investor Advisory Committee recently had a meeting with one of their topics Crowdfunding. They came out with six recommendations: 1. Tighter restrictions on the amounts investors can invest in crowdfunding For non-accredited investors, the committee recommends a “lesser of” approach. The investment limits will be the “lesser of…

Building a Borrower Funnel (Part 2): Rough User Flows

Before we really begin coding our systems, it’ll be really helpful to look at the user experience so we know what data we are gathering and what we are doing with that data. I’ve blatantly ripped these screenshots off from Lending Club. And used the logo from my…

Upstart re-aligns incentives with investors

“[David Girouard, Upstart CEO,] said that Upstart will be increasing their origination fees moderately to pay for these changes”[1] in an interview with Peter Renton at Lend Academy. They are also giving their origination fee to lenders in the case of a default. These are both interesting moves, signaling…

Building a Borrower Funnel (Part 1)

These days the most important part of any online consumer lending platform is the borrower experience (borrower funnel in online marketing parlance). Money is everywhere; every institutional investor is begging some online platform to take their money. Most of the online platforms will never be able to meet investor demand…

Simple C# Wrapper for Prospers Investor API

I've done a fair amount of custom tooling support for Prospers Investor API, allowing those with a few extra bucks have a custom application to review their portfolios and build custom investing systems. These days, I'm not sure there is a large need for custom API integrations for investing purposes…

Marketplace Lending from Foundation Capital

Foundation Capital's GP, Charles Moldow, has written a fantastic deck on the future of Marketplace Lending. He does an excellent job of dissecting the opportunity and advantages the new breed of online lenders have over the traditional banks. Slide 16 has a handy chart showing the opportunity: and slide 17…