Some Prosper news

Short news update on developments:

  • Changes at the Prosper management team: John Witchel (former CTO) and Tom Pigoski are no longer listed as part of the management team. A comment on this blog post indicates that John Witchel has left the company while Tom Pigoski is on family leave. Chris Denend is now CTO.
  • Prosper says it will enable faster listings for qualified borrowers. In a streamlined process some borrowers may post loan listings without adding a title, description or picture.
  • Reading statistics published by Prosper? Have a good look on the definitions! In the market survey results, published on Aug. 12th, it looks like on some parameters the year to date figures for 2008 are rising compared to 2007. However looking in the definitions, Prosper compares 7 months in 2008 to 6 months in 2007. (quote:
    2008 Year-to-Date: January 1, 2008 through July 31, 2008.
    2007 Year-to-Date: January 1, 2007 through June 30, 2007.
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