Prosper.com reviews

- Years of a shrinking market, deteriorating product offering, and dozens of competitors with better offerings. Prosper's product has been overpriced and worsening for years. - Prosper is 12+ years old on a Series G with no sustained profit, dwindling cash, all-time-high competition, its management is void of all-stars or even decent players, and is lending into a credit crisis. - History of lying to investors, management coverups, and SEC action: Prosper overstated its returns to 30,000+ investors for years knowingly and was fined $3M by the SEC. Most of the management responsible for this are still at Prosper and were called out for incompetence by the SEC for not knowing how to calculate investor returns despite knowing they were doing it falsely for years - "The order also finds that Prosper failed to identify and correct the error despite Prosper's knowledge that it no longer understood how annualized net returns were calculated and despite investor complaints about the calculation" - UX leadership has made most beloved UX designers walk out the door forever, dominates meetings with firehoses of unintelligible communication and no real work, seems to come in and out of reality. - You probably won't learn from your manager, and you will find it very difficult to find mentors. Prosper hasn't attracted that type of talent for a long time, and for years that quality talent has been leaving while some of the worst stay. CEO likes to say "manage more, work less" - Overpaid, disengaged executives with poor work ethic and ancient domain expertise - Board stays at arms length after years of being fed what execs call the "board narrative" - an actual separate narrative than what has actually happened in reality. I wish I was kidding. I wish I could say more. - Tech stack is described as an "atomic time bomb" with eng leadership that hasn't been technical in years and years. - Executives at all levels have no Tech experience meaning important signals (like false investor returns) fall on deaf ears resulting in years of uninformed decision-making, failed acquisitions/layoffs, regulation-breaking, failed projects, failed partnerships, coverups, and more.

I never knew how bad culture can ruin productivity and good people until I joined Prosper. Good luck joining Prosper. Be prepared to be treated as a disposable pawn. Prosper has an interesting combination of high-stress environment and absolutely zero career development. You end up feeling really tired everyday without any sense of achievement. Managers are either micro-managing or have no idea what's going on, but all of them are credit-hogging. They aren't bad or stupid or selfish when they join but I personally saw how quickly the toxic political environment on the top forced a good manager to turn to focus only on his personal brand management and licking up. Executives made it clear that the only thing matters here is personal connection with themselves. The company kept hiring like stupid for one year, then laid off 30% of employees. People kept leaving after the lay-off. Whoever is left have to take over all the work. Many teams disappeared entirely. To top it off, CEO basically cancelled the compensation review which used to due every 6 months. When being asked what he is gonna do with employee churn, he basically answered, "we don't want them anyways". Now I see they are hiring again, many positions were the ones they laid off not too long ago. The mass exodus of employees must have exceeded exec's expectation. If after reading all these, you still want to join Prosper, you must be really desperate. But even then, you really should not. A recently signed equity funding deal has many hidden clauses which no one knows exactly except the execs themselves. As one of the little chickens in the company, I have no idea which one of them is going to crash this ship and when. And that is scary.