When you go to Lending Club’s home page today you will see something new. They are running a contest to celebrate crossing $1 billion in total loans issued, something that will happen in the next few days. No doubt they saw the contest that I was running and decided they needed to one-up me….
Their contest will be potentially more lucrative than mine and a lot easier to win. Here is the deal. All you have to do is pay attention to when Lending Club breaks the $1 billion mark and place an investment order that same day. You could win a Lending Club golf bag and $1,000 or one of 100 Lending Club ball caps.
The details of the contest are here. And pay attention – they will definitely cross $1 billion in total loans in the next week. Of course, you will read about it here as soon as it happens. Good luck.
{ 12 comments… read them below or add one }
Holy Crap!……….. A $1 Billion Giveaway? They’re giving away a billion dollars?? I’m definitely entering!
Ok, I know my headline was designed to imply that. But I did try to clarify it. You must have missed it as you were skimming my post.
Staying with my projection of November 1st! They are sure to get at least $5MM on the 1st. The last few firsts of the month have seen well over $5MM.
Just looking over the rules, it appears lending club has offered an estimate of 1 November as well….
“Promotion Period: The promotion period shall be deemed to commence at 12:00:00 a.m. PT on November 1, 2012 and close at 11:59:59 pm PT on the Celebration Day”
The average share of the total monthly originations for the first of the month is about 12%. The first two days are around 20%.
November 1st looks like a good bet right now….
Nov 1st is a mortal lock.
Well, maybe not a mortal lock after all. I have no idea what is up but it looks like Roy S & myself still have a shot with our Nov 2nd pick..
Yeah, WTF is up with only like $2MM on a first? Maybe Sandy caused a delay? No accounting for weather!
Whooping it up! Only three of us projected 1 Nov. I want to wiiiiiiinnnnnn!
Sorry Bryce…………..Currently at $999.7 million.
24 hours ago, I’d have bet some serious serious money that Nov. 1st would have been the winning date. I’m glad there was no way for me to make that bet
Bummer!! 40k shy. What a terrible first of the month!