http://wealthfly.com/blog/2007/05/09/microlending-the-best-startup-idea-ive-heard-in-five-years/ A blog for investment advisors, brokers and financial planners. Tue, 06 Jan 2009 15:18:23 +0000 http://wordpress.org/?v=2.3.3 http://wealthfly.com/blog/2007/05/09/microlending-the-best-startup-idea-ive-heard-in-five-years/#comment-563 WealthFly » MicroPlace - All The Risk Of Emerging Markets Investing Without The Reward Wed, 12 Dec 2007 19:31:25 +0000 http://wealthfly.com/blog/2007/05/09/microlending-the-best-startup-idea-ive-heard-in-five-years/#comment-563 [...] is similar to Prosper (which Matt wrote about here and here); Prosper is a general lending program available to everyone in the United States.  These [...] […] is similar to Prosper (which Matt wrote about here and here); Prosper is a general lending program available to everyone in the United States.  These […]

]]> http://wealthfly.com/blog/2007/05/09/microlending-the-best-startup-idea-ive-heard-in-five-years/#comment-255 WealthFly » Loaning Money with Prosper.com Tue, 17 Jul 2007 18:08:36 +0000 http://wealthfly.com/blog/2007/05/09/microlending-the-best-startup-idea-ive-heard-in-five-years/#comment-255 [...] For anybody who hasn’t read my last post, Prosper.com is a way to borrow or lend money that completely bypasses banks. It uses a auctions to establish borrowing rates based on borrower’s credit scores and other personal information they care to provide. Lenders can spread their capital across numerous borrowers, minimizing the impact of a single default. [...] […] For anybody who hasn’t read my last post, Prosper.com is a way to borrow or lend money that completely bypasses banks. It uses a auctions to establish borrowing rates based on borrower’s credit scores and other personal information they care to provide. Lenders can spread their capital across numerous borrowers, minimizing the impact of a single default. […]

]]> http://wealthfly.com/blog/2007/05/09/microlending-the-best-startup-idea-ive-heard-in-five-years/#comment-156 WealthFly » Interesting Web 2.0 Article Fri, 18 May 2007 22:39:18 +0000 http://wealthfly.com/blog/2007/05/09/microlending-the-best-startup-idea-ive-heard-in-five-years/#comment-156 [...] Another great Web 2.0 example is Prosper.com, which I blogged about last week. Sidebar: I’ve been trying unsuccessfully to set up an account. I’m hoping the nice Prosper.com employee who posted earlier (and obviously tracks all mentions of the site) could intervene for me. I answered one of the verification questions incorrectly and have been waiting a week for a phone call to re-verify my information. Thx. [...] […] Another great Web 2.0 example is Prosper.com, which I blogged about last week. Sidebar: I’ve been trying unsuccessfully to set up an account. I’m hoping the nice Prosper.com employee who posted earlier (and obviously tracks all mentions of the site) could intervene for me. I answered one of the verification questions incorrectly and have been waiting a week for a phone call to re-verify my information. Thx. […]

]]> http://wealthfly.com/blog/2007/05/09/microlending-the-best-startup-idea-ive-heard-in-five-years/#comment-131 Matt Abar Fri, 11 May 2007 19:18:46 +0000 http://wealthfly.com/blog/2007/05/09/microlending-the-best-startup-idea-ive-heard-in-five-years/#comment-131 Interesting. I was thinking that re-selling the loans would be similar to eBay. But actually it would be more like e*Trade and require a securities license. Good to know it's in the works. Interesting. I was thinking that re-selling the loans would be similar to eBay. But actually it would be more like e*Trade and require a securities license. Good to know it’s in the works.

]]> http://wealthfly.com/blog/2007/05/09/microlending-the-best-startup-idea-ive-heard-in-five-years/#comment-126 Andrew Wed, 09 May 2007 21:56:51 +0000 http://wealthfly.com/blog/2007/05/09/microlending-the-best-startup-idea-ive-heard-in-five-years/#comment-126 Hi Matt - Andrew from Prosper here. Thanks for your post. The comment in the Forbes article about how the secondary market "fell through" was a misstatement. We are, in fact, planning on providing a secondary market, but it requires regulatory clearance at a level above and beyond what is needed to make loans in the first place. In any event, it is in the works. Hi Matt - Andrew from Prosper here. Thanks for your post. The comment in the Forbes article about how the secondary market “fell through” was a misstatement. We are, in fact, planning on providing a secondary market, but it requires regulatory clearance at a level above and beyond what is needed to make loans in the first place. In any event, it is in the works.

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