Saturday, 17 Nov 2018
Category: online lending

Understanding Renaud Laplanche’s next Upgraded act

Renaud Laplanche spent ten years building LendingClub. In the process, he created an industry from scratch. Circumventing conventional banking channels for consumer credit began in 1996 when Chris Larsen started E-LOAN, which ultimately led to Prosper Marketplace. But LendingClub, which Laplanche founded in 2007, was and remains the poster child for the business of marketplace […]

Wonga investors inject £10M so cash-strapped payday lender can fund claims

If you were at Disrupt London four years ago you may remember more than a little awkwardness during an investor panel when two VCs that had invested in European payday loans firm Wonga declined to comment on what had gone wrong at their portfolio company in the wake of a £220M write down. Yesterday Sky News reported that those same […]

The formula behind San Francisco’s startup success

Why has San Francisco’s startup scene generated so many hugely valuable companies over the past decade? That’s the question we asked over the past few weeks while analyzing San Francisco startup funding, exit, and unicorn creation data. After all, it’s not as if founders of Uber, Airbnb, Lyft, Dropbox and Twitter had to get office […]

Investing in frontier technology is (and isn’t) cleantech all over again

Shahin Farshchi Contributor Shahin Farshchi is a partner at Lux Capital. More posts by this contributor The dos and don’ts of crafting frontier-tech companies Five billion-dollar businesses for the driverless future I entered the world of venture investing a dozen years ago.  Little did I know that I was embarking on a journey to master […]