Founding Prosper, a People-to-People Lending Marketplace

Title: Founding Prosper, a People-to-People Lending Marketplace
Date: 2006-10-25
Speaker: Chris Larsen, Jim Breyer (Prosper)
Link: Entrepreneurial Thought Leaders
 
Distribution of money is becoming democratized.
When money is lent by your neighbor you feel a sense of shame that goes beyond your credit score.
Banking industry separates money from what people do with money.
It is an emotional roller coaster.
If you’re doing something that is good for consumers regulators will give you a lot more leeway.
Weed out the mercenaries and you’re left with the missionaries.
Expanding internationally too early can be fatal.
Cut the lifeboats.