Pros
great people, nice perks / benefits, location, decent comp.
new CEO Scott Sanborn much better than old one! He is very engaged with the business, as he used to be COO, is incredibly knowledgable, approachable, and is much more communicative and transparent with the company at large vs his predecessor.
Lending Club was impacted by a one-two punch of slowdown of funding capital for loans (which affected all companies in this space), followed by the scandal that you can read about in the news. this clearly set the company back from its aggressive growth goals, and sadly spurred some layoffs of underutilized people. However the industry is still ripe for this kind of innovation, the demand from customers is there, the business model is sound, and Lending Club has nearly a $Billion in the war chest to weather any storm. The company is regaining its footing, and i believe that it will come back a healthier, more resilient, and more balanced company than it previously was.
Cons
-recent bad events / bad press hurt the business, spurred some layoffs, and has hurt morale in some places.
-the sudden drop in strike price has made most people's options worthless, and RSUs worth a fraction of what they were before.
-There are pockets of upper and middle management that are a bit worthless, but who hasn't seen that in every place they have worked?
