Free Updates

Exclusive content to your inbox for FREE!

Lending Club Running a $1 Billion Giveaway

by Peter Renton on October 30, 2012

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 }

Dan B October 30, 2012 at 11:13 am

Holy Crap!……….. A $1 Billion Giveaway? They’re giving away a billion dollars?? I’m definitely entering! :)

Reply

Peter Renton October 30, 2012 at 1:37 pm

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. :-)

Reply

B. Mason October 30, 2012 at 8:17 pm

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.

Reply

Fiscasl Sergeant October 31, 2012 at 6:48 am

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”

Reply

Bryce M. October 31, 2012 at 8:08 am

The average share of the total monthly originations for the first of the month is about 12%. The first two days are around 20%.

Reply

Peter Renton October 31, 2012 at 8:35 am

November 1st looks like a good bet right now….

Reply

Dan B October 31, 2012 at 12:36 pm

Nov 1st is a mortal lock.

Reply

Dan B November 1, 2012 at 6:34 pm

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..

Reply

Bryce M. November 1, 2012 at 9:37 pm

Yeah, WTF is up with only like $2MM on a first? Maybe Sandy caused a delay? No accounting for weather!

Bryce M. October 31, 2012 at 3:15 pm

Whooping it up! Only three of us projected 1 Nov. I want to wiiiiiiinnnnnn!

Reply

Dan B November 2, 2012 at 6:38 am

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 :)

Reply

Bryce M. November 2, 2012 at 7:43 am

Bummer!! 40k shy. What a terrible first of the month!

Reply

Leave a Comment

Notify me of followup comments via e-mail. You can also subscribe without commenting.

Previous post:

Next post:

Real Time Analytics