Friday, July 13, 2012

LendStats Filters Down

Bummer. From KenL, creator of LendStats:

My original goals with LendStats were to find out what the real returns were and to figure out how p2p lending could be profitable for lenders (remember people... there was a time when p2p lending was not profitable for lenders). Both of those goals and a whole lot more have been accomplished. So I feel no urgency to get the filters up and running again. Also with all the negativity out there aimed at LendStats, I'm really not that interested in keeping things going anymore. I was working on LendStats largely because I found it fun, but the fun has slowly disappeared and with that so has my motivation to keep working on the site.


I'm just tired of it, and I don't feel like wasting my time and energy anymore. And after 3 years if LendStats is still in an embryonic state, then I guess I really should call it quits.

It's too bad. LendStats has been a great resource for the community and helped me, personally, with my returns on Prosper and LendingClub. Additionally, LendStats has one of the best P2P forums on the net--with participants who are genuinely thoughtful and helpful.

Ken, thank you for all of the work you've put into LendStats. I have certainly appreciated it. I'm sad to see the feature go, but I certainly understand the desire to move on. Good luck in whatever you choose to focus on next!

1 comment:

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