I do like the crowd-sourced solutions which Internet makes available to all of us. Also and especially when it comes to finance. In particular I am interested in Lending Club, a peer-to-peer lender. Due to the lack of history (company only went public 6 months ago or so) it is not easy to analyse. To some extent it is also kind of a story stock, loss generating, something which does not necessarily fit into Saul’s approach. But growth figures from last quarter (revenue rose to $81 million from $38.7 million) point in the direction that there might be more than just a story…
Any views?
Thomas