Lendit 2017 questions

[Fred93]

The http://lendit.tv" class="bbc_link" target="_blank">http://lendit.tv website has videos of a number of the talks now.

So was it all silicon valley happy talk? 

... or did anyone address the serious issues of loan quality and/or performance degradation?

[rawraw]

https://forum.lendacademy.com/index.php/topic,4337.msg40166.html?PHPSESSID=c9c1f1fd52256bc9aacda4aa501dc14c#msg40166">Quote"> from: jheizer on March 14, 2017, 10:19:27 AM

[AnilG]

Do you know how to structure fund to avoid impact of vintage on fund performance? IME, there is no magic structure that you can use to address this. Only way to minimize this is to run a closed-end fund, close the fund for new investment and/or accept only fixed amount of new investment every year, restrict withdrawals. None are in the interest of fund manager objective to increase asset base on which fees can be charged. It is also not in the interest of investors as increasing asset base reduces fees. Liquidating the poor performing hedge fund, distributing the proceeds to investors, and starting new fund is the appropriate process. As a fund manager, you do not want to have the most loyal investors, who request withdrawals last to bear all the losses. At certain point of loss in fund asset base, fund manager need to liquidate fund and protect his most loyal investors.

https://forum.lendacademy.com/index.php/topic,4337.msg40155.html?PHPSESSID=c9c1f1fd52256bc9aacda4aa501dc14c#msg40155">Quote"> from: Fred93 on March 14, 2017, 05:31:08 AM

[TravelingPennies]

I attended this session. i thought the session was superficial. The underlying theme in most panelist's comment was why their fund strategy was better than others. The fund managers appeared jealous about latest Prosper deal with Third Point and others and associated equity option.

https://forum.lendacademy.com/index.php/topic,4337.msg40156.html?PHPSESSID=c9c1f1fd52256bc9aacda4aa501dc14c#msg40156">Quote"> from: Fred93 on March 14, 2017, 07:01:47 AM

[jheizer]

https://forum.lendacademy.com/index.php/topic,4337.msg40168.html?PHPSESSID=c9c1f1fd52256bc9aacda4aa501dc14c#msg88888888Quote"> from: rawraw on March 14, 2017, 10:33:43 AM

[TravelingPennies]

https://forum.lendacademy.com/index.php/topic,4337.msg40171.html?PHPSESSID=c9c1f1fd52256bc9aacda4aa501dc14c#msg88888888Quote"> from: jheizer on March 14, 2017, 03:22:33 PM

[TravelingPennies]

https://forum.lendacademy.com/index.php/topic,4337.msg40172.html?PHPSESSID=c9c1f1fd52256bc9aacda4aa501dc14c#msg88888888Quote"> from: rawraw on March 14, 2017, 03:30:14 PM

[TravelingPennies]

Rachel the credit card lady is creepy....

[Fred93]

https://forum.lendacademy.com/index.php/topic,4337.msg40170.html?PHPSESSID=c9c1f1fd52256bc9aacda4aa501dc14c#msg88888888Quote"> from: AnilG on March 14, 2017, 03:04:03 PM

[StreetPeople]

I thought Sanborn's keynote was scary for 2 reasons, but neither of them has to do with "demand pricing."

First, he is one of the least engaging public speakers I have ever seen address a large crowd. It's a bit scary that LC would keep him as CEO if that's the best he can do.

Second, the vision he expressed for LC is to "open source" everything and become the Amazon of lending. If that vision is realized, then LC is just a brand with (hopefully) good infrastructure to connect all the pieces coming from outside parties. I think that is a terrible strategy. I really can't imagine anyone thinking that they what they want is to connect this guy's underwriting with that guy's servicing, use guy #3's legal framework, and have it all happen under the LC name.

As far as demand pricing, that is already how loans get priced, it just happens slowly. Speeding up the process sounds good, as long as you don't make a mistake.

[Peter]

https://forum.lendacademy.com/index.php/topic,4337.msg40215.html?PHPSESSID=c9c1f1fd52256bc9aacda4aa501dc14c#msg88888888Quote"> from: StreetPeople on March 17, 2017, 02:00:18 PM