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Author Topic: Kudos to Prosper

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Kudos to Prosper
OP: May 13, 2016, 11:00:00 PM
Credit where credit is due:

Getting that bankruptcy remote vehicle in place to protect your retail investors has turned out to be a hugely pro-consumer move.

You didn't have to do it, and you basically totally abandoned us retail investors in favor of chasing institutional dough, after you did it, anyway, but, hey, you did actually do it.  And that was the absolute right call.

Well done.
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R
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Kudos to Prosper
#1: May 13, 2016, 11:00:00 PM
Yeah. It was because of their BRV and my desire for platform diversification that I opened an account with Prosper in July 2014. I'm continuing to reinvest and made no changes in reaction to the LC troubles. I use their Quick Invest, A & B notes only, with a few simple filters and have had no trouble keeping all my cash invested.
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Kudos to Prosper
#2: May 13, 2016, 11:00:00 PM
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Kudos to Prosper
#3: July 21, 2016, 11:00:00 PM
how does this impact me as an investor?
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Kudos to Prosper
#4: July 24, 2016, 11:00:00 PM
Can someone point me to the Prosper page that explains BRV?

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Kudos to Prosper
#5: July 24, 2016, 11:00:00 PM
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Kudos to Prosper
#6: July 24, 2016, 11:00:00 PM
@Anil can probably speak to this. I believe he has a decent understanding of Prosper's BRV structure.
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Kudos to Prosper
#7: July 24, 2016, 11:00:00 PM
Fred has it right -

Prosper Funding LLC has the notes and contracts with Prosper Marketplace Inc for technology (website), servicing, collections, customer service, etc.
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