Prosper.com reviews

1. Someone has to own the mess that was created. Laying off 200 people doesn't mean you can get behind the excuse that times are tough for online lending. What happened to the strategy, product guys? 2. The Chief Risk officer is the best in class you can expect. He was also gone with rest of us. One can only think how the company will now price in the risk and service the loans. Remember he is the one who built this company from scratch when times were tough. 3. HR and culture - I understand the layoffs. we need to reduce the cash burn but at the expense of the three stools that management talks about. There are people who aren't impressed with the product leadership and they feel bored and scared to stay behind.

The equity they give you is worthless, there is a revolving door for executives, worst management ever, fumbled 30 MM purchase of Billguard and lost 120 MM last year, over-promised to a consortium of banks and knew it the whole time, terrible leadership and super low on cash... likely go to a fire sale