As someone mentioned over at The Hill, I am not yet convinced it is regulation that is stifling Prosper's growth. LendingClub seems to be growing just fine, subject to the same regulatory oversight.
Yes. I believe Larsen's energies are misdirected. He should be working to grow the business.
I'd like to see them be able to devote more time to the platform, too. Unfortunately, it looks like a lot of
their time and attention is being sucked away by a lawsuit (that's the direct result of SEC interventions),
another lawsuit, with their insurance carrier, that's the indirect result of the SEC intervention, etc, etc...
I second your wish that they could focus their energies on growing the business, but, I do have to point
out to you that the guy who just changed the topic from finding a proper regulator and reducing ongoing
uncertainty to "Why isn't Prosper growing?" is, himself, an answer to the very question which he's posing.
It's like wondering why you get no reception, after you organized the neighborhood against cell towers...
"Can you hear me now?"
-t