Editor’s note: Charles Moldow is a general partner at Foundation Capital. On Lending Club ’s February 2015 quarterly earnings call, an analyst asked CEO Renaud Laplanche a simple question: have you considered getting the loans you’re issuing rated? Renaud had a simple answer: We have, but we won’t.
As Renaud said, the marketplace lending platform’s loan grading system, which it illustrates on its website, is in many ways more transparent and more accurate than what a […]
