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.

Related Posts

• Accounting for Prosper in Quicken Strategy Update? Yesterday I received a comment from a reader: Question: would the principal repayment be considered a “return of capital?” as opposed to a sale? What are the implications of using one category over the other? I’ve taken a look at the irs (a search on the phrase returned numerous results)......
• Default Rate: It's Not Just If a Loan Defaults, But When I had a very interesting email exchange with RGF.  (I emailed him after using his forum posts in articles last week). Here is a portion of that email exchange on default rates over time and their affect on yield. RGF: Default rate:  It's not just if a loan defaults, but......
• Interview of FANAFI Foundation The following is an interview of Jeff and Heather aka FANAFI Foundation.  This interview was conducted Thursday February 14th 2008 in the wake of the recent drama surrounding their blog (starting point for initial back story here).  These are my questions and their unedited words. (I did add a few......
• Prosper Risk RGF in the Prosper forums just made the best post I have seen as an introduction to risk on Prosper.  I am reprinting the entire post.  Here is a link. I've seen a lot of comments about the high risk associated with lending on prosper and "only lend what you......
• Prosper's People-to-People Lending Market Survey SAN FRANCISCO--(BUSINESS WIRE)--Prosper (www.prosper.com), America's largest people-to-people lending marketplace, today introduced its first monthly People-to-People Lending Market Survey. Prosper's People-to-People Lending Market Survey will survey the marketplace each month to provide key statistics including: membership and loan volume statistics; marketplace returns; borrower rates; mix of prime, near prime and sub-prime......

Related Websites

• Revealing the Keys to Prosper Success Earlier this week, I defended the Prosper's business viability. I spent two posts rebutting the idea that it might not be a good investment. Just yesterday, I discussed the Prosper mistakes I've made. Today, I will share with you what I've learned. Hopefully 5 minutes from now you'll be......
• 2009 Cobalt Bowriders This is an exciting year for Cobalt Bowriders and there are many new models that are well worth a second look. Let’s take a look at what you’ll find in showrooms this year and which ones are the best deal. 202 Cobalt Bowrider – This is an ideal boat for......
• Brighton, Brighton, UT Brighton is located in: Brighton, UT Phone: (801) 532-4731 Website: http://www.skibrighton.com/ About the Resort: Brighton first opened in 1936 and quickly became a world-renowned ski resort, thanks in a large part to their attention to detail, their awesome trails and their commitment to excellence. They have expanded operations through the......
• The 2008 Prosper Days Blogger Panel I'm very pleased that I was asked to sit on the blogger panel at Prosper Days. If I hadn't been invited, I probably would not have made the trip. The other panelists on the blogger panel were Jim Bruene, Editor in Chief of the Online Banking Report and NetBanker blog;......
• Save Time, Money and Space in Over 80 Ways If you're looking for handy gadgets, tools and various items that can save you time, money or space (or all three!) this list of more than 80 top products is just what you need. Everyone's got saving money on their minds these days. Some of us are always looking to......

Online Stores

• Cure, The C Rock, Pop Music Memorabilia Entertainment Memorabilia
• Halcyon Days Decorative Collectible Brands Decorative Collectibles Collectibles

If you liked this article, vote for it on del.icio.us and stumbleupon.


Categories:

Prosper Days 2008