Top fintech VCs explain how PayPal missed a golden opportunity, and why they wouldn’t invest in LendingClub today
|11/26/2018||Posted by BusinessMediaguide.Com under General World News||
- 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.
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