This is not going away any time soon.
This is just the start of something really big, really important, and really, really disruptive - to the core.
In three years from now, there is no reason why Lending Club could not be valued at anywhere between $50B-$100B, at which point I can only hope they will not be snapped up by one of the Big Brothers.
Editor’s Note: This well-written and colorful piece displays a highly-celebratory viewpoint about the triumph of Lending Club (and p2p lenders overall) after their IPO boom.
We'd tend to agree with his sentiments. As long as nothing shady goes on behind doors between the bank CEOs and the lawmakers, the banks seem to be headed for trouble.
Peer to Peer lenders have been David against Goliath since their inception, David has just found a smooth stone to launch and he's pacing towards Goliath with a smirk on his face. Here are our article highlights:
- The banking world has really not woken up to the very real and existential threat they are facing with regards to their core business.
- The move towards alternative loans and funding sources was inevitable because of the behavior of "Millennials".
- This is just the start of something really big, really important, and really, really disruptive - to the core.
(Go to full article)