Comments on: Spend $500 of Noah's Money

By: 15 Meanings » Raising funding when you are in the business of lending money

15 Meanings » Raising funding when you are in the business of lending money — Wed, 20 Jun 2007 19:12:06 +0000

[...] perhaps the folks at Prosper had not intended it to be used for. Some people are using Propser as a way to diversify their investment portfolios, basically lending money to individuals while usually getting a 10-15% ROI on their investment. [...]

By: Brian Mullally

Brian Mullally — Wed, 23 May 2007 14:26:46 +0000

While Prosper.com caters mainly to the US market, thereâ€™s another site called GlobeFunder.com which caters to the global crowd, especially those living in the third world.

By: How to get on TV - Noah Kagan’s Okdork.com

How to get on TV - Noah Kagan’s Okdork.com — Tue, 22 May 2007 18:22:57 +0000

[...] few weeks ago I wrote about my love for Prosper. Then at work we talked about contacting Prosper and seeing how they got such great press mentions. [...]

By: Laura

Laura — Wed, 28 Mar 2007 23:54:29 +0000

http://prosper.com/public/lend/listing.aspx?listingID=116033

“your lady wants a fancy pants wedding whether she says she does or not”

By: Christie

Christie — Tue, 27 Mar 2007 19:33:52 +0000

This is crazy to me! Great idea… ex e-loan guy…..

Hummm, I will have to read a few more profiles.

Christie

By: Mohammad

Mohammad — Tue, 27 Mar 2007 06:45:50 +0000

Starting off with lending small amounts is the best way to go. See how the site works out for you and if figure if its worth spending the time.

Prosper demoed at the first Stirr meeting a while back and they had some serious amounts in transaction then. Now they have $36 millions in loans already. Thats 3 or 4 times what they had last year. I have not been following them but looks like they are doing great.

By: sri

sri — Tue, 27 Mar 2007 03:18:31 +0000

I have seen this site before and dont get the people who ask for loans. There is this one lady who makes a combined income of $6800 AFTER taxes and she is now requesting a $1200 loan to fix her car exhaust and is willing to pay 14.5% interest.

if she makes 6800 AFTER taxes a month, that means the household almost makes a 6 figure income. I guess this site is not about passing judgements

By: atish

atish — Tue, 27 Mar 2007 02:29:00 +0000

http://www.prosper.com/public/lend/listing.aspx?listingID=113921

Oh wait, I thought you were asking for the LEAST likely to get my money back, crap…

By: Jeremy S

Jeremy S — Mon, 26 Mar 2007 21:41:40 +0000

What a great idea! Some very cool things on there, but alas, not the one thing I would want you to spend your money on. If someone signs up and says they want to buy 100 burritos, I’d be right in that! Let me know if you do, cause you’d get my vote and I KNOW Noah would fund it no questions asked!

By: Rik

Rik — Mon, 26 Mar 2007 21:19:01 +0000

Dude, crazy shit! Way cool idea though. I couldn’t find anything I’d spend my money on (for example, even under business&professional/engineering/electrical everyone wanted to consolidate credit card debt) so I wouldn’t want to spend yours, but you’re a king for the offer

Isn’t there some sort of microfinance business that you can use to lend money to people who really need it?

PS. WTF is this guy thinking: VENTURE CAPITAL NEEDED

Will most likely repay before 36-month term.

Will use all proceeds for reinvestment at PROSPER.COM and other short-term high-interest investments.

The primary purpose of this request is to establish credit-worthiness at PROSPER.COM.

The rate was selected to attract lenders willing to fund the request although it will not be carried to term.