Prosper Days 2008 | P2P Lending, Peer to Peer Lending, People to People Lending

I am now fully recovered from Prosper Days 2008 and starting to get back into the normal swing of things, but before I get to far removed I wanted to write a quick blog post with my thoughts and observations.

First and foremost, it was nice to meet all of the wonderful and intelligent people that I met at Prosper Days.

I was on the blogger panel and the API sessions… I was very impressed with Dave McClure of Master of 500 hats. He was on the blogger panel with me… I wish I had had a chance to speak with him more…

I thought both the 2 API sessions in which I was involved were remarkably well attended and I enjoyed presenting.

Adam (I forget the last name, but I do remember his screen name: FriendsWhoLend) was VERY impressive on the managing large portfolio panel. He clearly understands the challenges and the opportunities in investing in p2p lending. Also on the panel was the CEO of Optalytic.

Unfortunately, I was on an API panel during the collections panel, but I hear that Doug Fuller was impressive. I for one say that he can do whatever he thinks will increase my return with my delinquent loans.

From Chris Larsen’s keynote my takeaway was that certain social capital does matter. (Verified friends with a bid decreases the chance of default… More friends with more bids = less chance of default.) Also I hear the the cure rate of loans in collections doubled on a percentage basis and that there was more work to do in this area.

Steven Dubner was great. He was articulate and engaging — 2 core uses of money Sex and Food. Incentives play a huge roll in behavioral economics.

After demoing QuickSnipe I will now be turning it into a my tool of choice for bidding. Watch this blogs for updates.

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