1.0
Sep 6, 2017
Former employee, more than 1 year
San Francisco, CA
Recommend
CEO approval
Business Outlook
Pros
There are still some really smart people at Lending Club. The CEO is a great guy, and some of the executives are bright, focused and good in their respective fields. In general there is collaboration and people treat each other with respect.
Cons
The energy and excitement of the Renaud era is over. LC plods along and will be profitable as there is such a huge market for the personal loan product. Technical innovation doesn't seem to be what's happening. Most groups are overstaffed - beyond anything I've seen and the diligent chipping away at the balance sheet goes on and on. It does seem like the execs are waiting for a sale.