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Tuesday
Sep092008

LendingClub

LendingClub, you held such great promise. But you’ve been quiet since April, refusing new commitments from lenders and that’s six months of zero communication (except for an update in June saying you were in a “quiet period”. Umm, thanks, I could tell!)

I really liked LendingClub. Their office at PnP in Sunnyvale was literally right next to the one I started for Yubico, and they were always friendly with support. I was one of their first customers.

But I hear rumors of defecting employees and, come on, six months of nothingness, of no communication, of locked up funds? Can I shout out a loud WTF?

So now I’m stuck waiting for the principal to trickle back home (thanks for the memories) so that I can move it away. ASAP, please. 

And probably put it into Prosper.

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