I've been thinking about how Prosper compared potential earnings on Prosper investments (and I use the word advisedly) with "industry standard" earnings.
Perhaps Prosper can compare themselves with some other standards and come out smelling like roses. And forgive me if this has been proffered before, I don't read here as much as I used to.
For instance, Prosper can compare an investment at Prosper with investments at other institutions that had run-ins with the SEC:
Prosper, only -40% compared to an investment with Madoff, LLC.
At Prosper you get something back, at Stanford Group, you get bupkis.
It is clear that in the last few years, Prosper was by far not the worst investment people could have made. As such, for a certain type of investor, Prosper was a safe haven in a rough world.
And the only institution that extended to small investors the same opportunities to lose their shirt as large hedge funds offered to large investors.
And that's what Chris Larsen is all about, right? To allow small investors the privileges that were only available to large investors previously.