Prosper.com Lending Strategies!
December 8th, 2006 Category:Home
Since our last post about Prosper.com, we’ve had great feedback from Prosper.com users and lenders. One lender is particular, Sanjeev, has caught our attention as he posts his experiences and strategies about Propser.com on his blog. Reading through his blog, it is evident that Sanjeev has an intelligent business mind. Here are some of his thoughts and strategies as a lender on Prosper.com.
Sanjeev’s Rules for Investing on Prosper.com
Here Sanjeev explains:
- Start small and build incrementally
- Wait for the 4 month shock
- Know your data, love your data
- Groups don’t matter, Group Leaders do
Sanjeev’s Rules for Investing 2 on Prosper.com
- There is a sweet spot
- Past predicts the future
- Greed is bad
Sanjeev’s Prosper Growth and Credit Quality
Here Sanjeev displays charts on Prosper.com’s growth/business model and distribution of loans based on credit grades. Apparently, the credit grades of the borrowers at Prosper.com are declining.
Sanjeev has posted some very helpful and strategic information for potential and existing lenders. Prosper should be paying Sanjeev some kickbacks! 
Wow! I am so pleasantly surprised. I was wondering why I am getting so much traffic from StingyFinance all of sudden - so I came to check and found this post. Thank you so much for your kind words. I had fun writing those articles and its good to know that you found them valuable. I have finished data analysis for the next piece on Prosper in my blog and it should be up in a day or so.
I look forward to continue reading your excellent blog.
Sanjeev
http://www-personal.umich.edu/~sankum/idle/
I just wanted to let you know that your blog is “unclaimed” on Technorati. You should claim it before somebody else tries to - especially for such a nice blog as yours.
Sanjeev
http://www-personal.umich.edu/~sankum/idle/
Hey Sanjeev!
You’ve written some great posts about Prosper that all lenders should know about.
Thanks for the tip on Technorati! Just claimed the blog. Does Technorati give you a lot of traffic?
StingyJoe