Prospers.ORG Prosper Forum

Advanced search  

News:

Welcome to Prospers.ORG!   Login here

Pages: [1] 2   Go Down

Author Topic: Prosper co-founder bids only on AA-C rated loans. What happened?  (Read 8503 times)

bamalucky

  • Hero Member
  • *****
  • Karma: +426/-426
  • Posts: 42811
    • View Profile
Prosper co-founder bids only on AA-C rated loans. What happened?
« on: December 02, 2009, 11:01:28 am »

This is the cream of the crop right?

http://www.ericscc.com/lenders/jwitchel

EricsCC Estimated ROI¹: 0.77%


51% of his loans are AA

Nice 1000 day old loan portfolio full of the best loans. Over 500 loans ,so thats a nice sample size.


Please move to the lobby.
Logged
There are no stupid questions, just stupid people.

TotoMMB

  • Hero Member
  • *****
  • Karma: +725/-39
  • Posts: 3277
    • View Profile
Re: Prosper co-founder bids only on AA-C rated loans. What happened?
« Reply #1 on: December 02, 2009, 12:15:14 pm »

Looks like Anton is doing slightly better...Although, he is on 3 of the 8 late P3.0 loans.

http://www.ericscc.com/lenders/anton
Logged

bamalucky

  • Hero Member
  • *****
  • Karma: +426/-426
  • Posts: 42811
    • View Profile
Re: Prosper co-founder bids only on AA-C rated loans. What happened?
« Reply #2 on: December 02, 2009, 12:21:14 pm »

Looks like Anton is doing slightly better...Although, he is on 3 of the 8 late P3.0 loans.

http://www.ericscc.com/lenders/anton

His portfolio is bastardized by pre-launch & (possibly fake) loans from co-workers,their friends & family.

The first 28 loans (all paid in full) are pre launch

Ironically his first post launch loan defaulted
« Last Edit: December 02, 2009, 12:23:07 pm by bamalucky »
Logged
There are no stupid questions, just stupid people.

TotoMMB

  • Hero Member
  • *****
  • Karma: +725/-39
  • Posts: 3277
    • View Profile
Re: Prosper co-founder bids only on AA-C rated loans. What happened?
« Reply #3 on: December 02, 2009, 12:29:18 pm »


His portfolio is bastardized by pre-launch & (possibly fake) loans from co-workers,their friends & family.

I know, funding a vacation or two for his father worked wonders. But he's made plenty of 3.0 loans. And maybe he's still lending on the sly (more bastardization)...but hell, if that's a safety valve to improve chances of repayment, it couldn't hurt.
Logged

112233

  • Hero Member
  • *****
  • Karma: +4434/-5380
  • Posts: 28288
    • View Profile
    • Prosper Report
Re: Prosper co-founder bids only on AA-C rated loans. What happened?
« Reply #4 on: December 02, 2009, 12:29:45 pm »

Looks like Anton is doing slightly better...Although, he is on 3 of the 8 late P3.0 loans.

http://www.ericscc.com/lenders/anton

His portfolio is bastardized by pre-launch & (possibly fake) loans from co-workers,their friends & family.

The first 28 loans (all paid in full) are pre launch

Ironically his first post launch loan defaulted
I count 31 pre-launch (before 2/5/2006), if you go by the origination date. Im sure many more had listings created before the launch date.

I see 1 originated on 1/27/2006 that defaulted.

Logged
If you're not outraged, you're not paying attention.

you're

bamalucky

  • Hero Member
  • *****
  • Karma: +426/-426
  • Posts: 42811
    • View Profile
Re: Prosper co-founder bids only on AA-C rated loans. What happened?
« Reply #5 on: December 02, 2009, 12:30:22 pm »

My bad.. I was thinking launch was 1-25-06
Logged
There are no stupid questions, just stupid people.

112233

  • Hero Member
  • *****
  • Karma: +4434/-5380
  • Posts: 28288
    • View Profile
    • Prosper Report
Re: Prosper co-founder bids only on AA-C rated loans. What happened?
« Reply #6 on: December 02, 2009, 12:32:54 pm »

I think they had a soft launch though. I dont know how open the system was at that time ..
Logged
If you're not outraged, you're not paying attention.

you're

God-Father

  • Hero Member
  • *****
  • Karma: +0/-0
  • Posts: 3189
  • Pay up!
    • View Profile
Re: Prosper co-founder bids only on AA-C rated loans. What happened?
« Reply #7 on: December 02, 2009, 01:10:54 pm »

Second for the lobby
Logged

ideal-value

  • Newbie
  • *
  • Karma: +0/-0
  • Posts: 16
    • View Profile
Re: Prosper co-founder bids only on AA-C rated loans. What happened?
« Reply #8 on: December 06, 2009, 04:54:53 am »

I wonder if he has three of the eight lates because he went with a portfolio plan.

Who would actually make a bid on this listing?

http://www.prosper.com/invest/listing.aspx?listingID=427260

I couldn't understand why anyone gave this guy any money:

http://www.ericscc.com/listings/423160

Thankfully Prosper cancelled that one!
Logged

MsTabbyKats

  • Hero Member
  • *****
  • Karma: +43/-19
  • Posts: 3642
    • View Profile
Re: Prosper co-founder bids only on AA-C rated loans. What happened?
« Reply #9 on: December 06, 2009, 06:26:39 am »

Looks like Anton is doing slightly better...Although, he is on 3 of the 8 late P3.0 loans.

http://www.ericscc.com/lenders/anton

Where can you see the late P 3.0 loans....?

Thanks...
Logged

God-Father

  • Hero Member
  • *****
  • Karma: +0/-0
  • Posts: 3189
  • Pay up!
    • View Profile
Re: Prosper co-founder bids only on AA-C rated loans. What happened?
« Reply #10 on: December 06, 2009, 06:59:55 am »

http://www.ericscc.com/loans

Filter by date > 6/1/2009    and     status > LATE.
Logged

HollowOak

  • Hero Member
  • *****
  • Karma: +6/-6
  • Posts: 5155
    • View Profile
Re: Prosper co-founder bids only on AA-C rated loans. What happened?
« Reply #11 on: December 06, 2009, 02:32:57 pm »

If I read Erics' right, Witchel hasn't bid on any loans since July 2008. Since he has left the company this is hardly surprising. However, the title of this thread makes it look as if he is still active. Tenses in English is such a bitch.
Logged
Old Stump
My blog

bamalucky

  • Hero Member
  • *****
  • Karma: +426/-426
  • Posts: 42811
    • View Profile
Re: Prosper co-founder bids only on AA-C rated loans. What happened?
« Reply #12 on: December 06, 2009, 04:38:52 pm »

Isn't "happened" past?

Logged
There are no stupid questions, just stupid people.

HollowOak

  • Hero Member
  • *****
  • Karma: +6/-6
  • Posts: 5155
    • View Profile
Re: Prosper co-founder bids only on AA-C rated loans. What happened?
« Reply #13 on: December 06, 2009, 06:19:06 pm »

Isn't "happened" past?

But "bids" is present tense. As I said, tenses is a bitch.  Wish Epictetus was still here.
Logged
Old Stump
My blog

Chamatrain

  • Hero Member
  • *****
  • Karma: +0/-1
  • Posts: 6378
    • View Profile
Re: Prosper co-founder bids only on AA-C rated loans. What happened?
« Reply #14 on: December 06, 2009, 06:30:08 pm »

Isn't "happened" past?

But "bids" is present tense. As I said, tenses is a bitch.....

As in, "Prosper co-founder currently (understood adverb) bids only on .....?"   Where's Nora?
Logged
Pages: [1] 2   Go Up