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Veteran Small Business Owners

According to the US Small Business Administration veterans made up 9.1% of all small business owners in 2012. This represents 1.7 million small businesses, many of which have funding needs. This is the population that Mark L. Rockefeller and his team will be targeting with their new startup called StreetShares.

Rockefeller is a veteran himself, having served in Iraq, so he knows first hand the many challenges facing veterans upon their return to civilian life. After Iraq he did some volunteer work in Africa where he saw the difference that access to small business financing can make. He is also an attorney, a good background for anyone in this industry, having worked at a prominent international law firm.

Joining Rockefeller as co-founders in StreetShares are former Capital One executive Mickey Konson as Chief Risk Officer and experienced software engineer Ben Shiflet as Chief Technology Officer. Konson was the head of credit for Capital One’s national small business unit, where he spent a number of years, before becoming the Senior Credit Officer for their retail bank.

After closing $1.2 million in seed funding led by global Microfinance giant, Accion, that included veteran-focused and Harvard Business School angel investors, they launched StreetShares earlier this month.

Streetshares logo

Focused on Small Business Loans Less than $100,000

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Peer to Peer Lending News Roundup – July 26, 2014

by Peter Renton on July 26, 2014

During the week I share the latest p2p lending news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past week and share them here.

Exclusive: Ron Suber on Creating a P2P Investor Base from Scratch from LendingMemo – Great interview with Ron Suber, President of Prosper, about their success over the past 18 months.

Revisiting Roll Rates using Markov Chains from Orchard – A detailed statistical analysis of roll rates (late loans going more late).

AvantCredit Raises Financing to Lend to ‘Midprime’ Borrowers from The New York Times – The marketplace lenders are not the only companies targeting borrowers online, AvantCredit is competing for many of the same borrowers.

Paypal: the newest member of the UK Alternative Finance Lending Market from AltFi – Paypal is expanding its small business lending operation from the US to the UK.

Dealstruck Boosts Executive Bench with New Hires from Dealstruck – The small business p2p lender has made some key executive hires recently.

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What I Learned About P2P Lending By Hosting LendIt Shanghai

July 25, 2014

[Editor's note: This is a report from my Lend Academy partner and fellow LendIt co-founder, Jason Jones, who has been spearheading the expansion of LendIt into China. We co-hosted a successful p2p lending conference in Shanghai last weekend. I was intending to attend this event but decided against it at the last minute - instead [...]

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UC Berkeley and Lend Academy Partner on Groundbreaking Research Study

July 22, 2014

When I was in London in March I spoke on a panel at the AltFi conference with Richard Swart, a professor at UC Berkeley. He has become one of the leading academics focused on crowdfunding. We have stayed in regular contact since then as Professor Swart has decided to expand his research to include p2p [...]

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LAP20: Renaud Laplanche, CEO and Founder of Lending Club

July 21, 2014

We have a very special guest for the 20th edition of the Lend Academy Podcast: Renaud Laplanche, the CEO and founder of Lending Club. I first met Renaud in the spring of 2011 just after Lending Club moved from Redwood City to downtown San Francisco. In those days Lending Club had about 50 people and [...]

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Peer to Peer Lending News Roundup – July 19, 2014

July 19, 2014

During the week I share the latest p2p lending news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past week and share them here. The biggest news this week was the Funding Circle announcement of their $65 million funding round. This was covered by most major [...]

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Funding Circle Raises $65 Million and Adds a Heavy Hitter to Their Board

July 16, 2014

There is some big news out of Funding Circle this afternoon. They have raised $65 million in a Series D offering led by Index Ventures with participation from several of their existing investors. They also announced that Bob Steel, who has a very impressive resume, has been added to their board of directors. This large [...]

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Watch the Videos from LendIt 2014 in San Francisco

July 14, 2014

The LendIt 2014 Conference was attended by over 950 people in San Francisco in early May. We also had several thousand people watching the live stream as we broadcast all the main sessions online for free. But most people, myself included, didn’t get to see everything they wanted. The good news is that we recorded [...]

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Peer to Peer Lending News Roundup – July 12, 2014

July 12, 2014

During the week I share the latest p2p lending news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past week and share them here. The Financial Times continues to be one of the leading sources of breaking news for this industry. While they are behind a [...]

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SEC Committee Discusses Changes to Accredited Investor Definition

July 11, 2014

Yesterday the Investor Advisory Committee of the Securities and Exchange Commission (SEC) met to discuss, among other things, updating the definition of an accredited investor. To be an accredited investor today a person must have an annual income of $200,000 or more for each of the past two years or a net worth (excluding a [...]

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