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Top fintech VCs explain how PayPal missed a golden opportunity, and why they wouldn’t invest in LendingClub today





PayPal Chief Executive Officer Peter Thiel, left, and founder Elon Musk, 2000

  • PayPal made a mistake when it moved too slowly to offer financing to consumers who used its platform, according to Jim Robinson, general partner at RRE Ventures.
  • Venture capitalists wouldn’t invest in certain consumer and small business lending companies, knowing what they know now, according to Matt Harris, managing director at Bain Capital Ventures.
  • The two men spoke on a panel with Hans Morris, the chairman of LendingClub and the managing partner at VC firm Nyca Partners at an invite-only event at Morgan Stanley earlier this month.

PayPal is arguably one of the biggest success stories to come out of Silicon Valley in read more >>>

Source:: BusinessInsider.Com

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