Two years ago today, Lending Club was ringing the bell on an IPO that one early investor called “a no-brainer.”
“The consumer credit market has huge potential — trillions and trillions of dollars — and I wanted to ride that winner. Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. This is the future,” noted angel investor and entrepreneur Liron Petrushka.
“I crossed paths with Laplanche back in 2007 and wanted to back him right away,” Petrushka said.