Comments on: Prosper brings Zopa to the United States http://yardley.ca/2006/02/06/prosper-brings-zopa-to-the-united-states/ greg yardley on online product management Wed, 04 Jan 2012 05:04:13 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Greg Yardley http://yardley.ca/2006/02/06/prosper-brings-zopa-to-the-united-states/comment-page-1/#comment-663 Greg Yardley Tue, 07 Feb 2006 13:58:20 +0000 http://yardley.ca/merge/?p=222#comment-663 Thanks for the comment, Dave. I'm looking forward to seeing Zopa in action here and seeing how competition refines the model. I'm also looking forward to seeing what direct person-to-person lending will do to the credit rating industry. Thanks for the comment, Dave. I’m looking forward to seeing Zopa in action here and seeing how competition refines the model. I’m also looking forward to seeing what direct person-to-person lending will do to the credit rating industry.

]]> By: Dave Nicholson http://yardley.ca/2006/02/06/prosper-brings-zopa-to-the-united-states/comment-page-1/#comment-662 Dave Nicholson Tue, 07 Feb 2006 13:41:38 +0000 http://yardley.ca/merge/?p=222#comment-662 Hi Greg, Dave from Zopa here. Thought I'd let you have my thoughts on the Prosper thing! We've known about them for a while now, and have been having a good play with their website over the past few weeks. My personal view is that you're right - they seem to have taken a higher risk approach (for lenders) - whereby they allow people to lend directly large amounts of cash to individual borrowers. Our belief right now is that this is too risky, and hence Zopa is designed to diversify lenders money automatically across at least 50 borrowers (while letting people control that if they want to.) It's going to be really interesting to see which model works best - and we'll have the chance to go head to head in the US soon (We're planning a Q2 launch in SF). I think we'll see the winner having elements of both - and allowing lenders to choose how much risk to take, and giving borrowers options around how they choose to borrow. We're going to be learning from Prosper and their experience as much as they have learnt from us! :-) Cheers Dave Hi Greg,

Dave from Zopa here. Thought I’d let you have my thoughts on the Prosper thing! We’ve known about them for a while now, and have been having a good play with their website over the past few weeks.

My personal view is that you’re right – they seem to have taken a higher risk approach (for lenders) – whereby they allow people to lend directly large amounts of cash to individual borrowers. Our belief right now is that this is too risky, and hence Zopa is designed to diversify lenders money automatically across at least 50 borrowers (while letting people control that if they want to.) It’s going to be really interesting to see which model works best – and we’ll have the chance to go head to head in the US soon (We’re planning a Q2 launch in SF).

I think we’ll see the winner having elements of both – and allowing lenders to choose how much risk to take, and giving borrowers options around how they choose to borrow. We’re going to be learning from Prosper and their experience as much as they have learnt from us! :-)

Cheers

Dave

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