When Will Lending Club Cross $1 Billion?

Every time you visit Lending Club’s home page you can see the number: loans funded to date. As of this writing that number stands at just over $935 million. Considering that Lending Club did $77 million in new loans last month it is safe to say the $1 billion milestone will be passed some time in the next month.Β But what date exactly?

I thought it would be fun to run a little contest over the next week to see who can guess the exact date this will happen. The winner will receive some free Lending Club schwag that I acquired on a recent trip. All you need to do is leave a comment on what day you think they will cross over the $1 billion mark. If you are correct I will ship you my Lending Club gifts (a sports bag, t-shirt and pen). In the event that more than one person has it correct I will choose the winner randomly.

So have at it. You have until the end of the day next Monday (October 15th) to make your guess. Any guesses made after October 15th will not be eligible.

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Mike
Mike
Oct. 8, 2012 3:31 pm

I will say November 6th.

Mia
Mia
Oct. 8, 2012 3:39 pm

Nov 25

Dan B
Dan B
Oct. 8, 2012 3:40 pm

So just to be clear, there’s nothing in addition to the pen, sports bag & t-shirt?? So nothing that dictionary.com or urbandictionary.com defines as schwag?? I ask because there might be considerable additional interest in the contest if there were. πŸ™‚

Dan B
Dan B
Oct. 8, 2012 4:11 pm
Reply to  Peter Renton

That wasn’t actually what I was alluding to. Please check the definitions given in the sites I referred to. πŸ™‚

Roy S
Roy S
Oct. 8, 2012 4:20 pm
Reply to  Dan B

Dan, he said the plastic bag is sealed. I think he knows what you are referring to. I will have to decline any schwag. πŸ˜‰

Dan B
Dan B
Oct. 8, 2012 4:31 pm
Reply to  Roy S

Perhaps, I can never be sure with Peter. πŸ™‚

Conor
Conor
Oct. 8, 2012 4:09 pm

Oct 30th

Dan B
Dan B
Oct. 8, 2012 4:17 pm

November 2nd

Roy S
Roy S
Oct. 8, 2012 4:18 pm
Reply to  Dan B

I chose that first as seeing that I included Friday. It takes a little longer to write Friday.

Dan B
Dan B
Oct. 8, 2012 4:20 pm
Reply to  Roy S

Good try, but I don’t think so.

Roy S
Roy S
Oct. 8, 2012 4:24 pm
Reply to  Dan B

Seeing as how your response can be interpreted to be any November 2nd, whereas there are considerably fewer Friday November 2nd’s. So one can reasonably argue that I was referring to Friday, November 2nd, 2012. But a rational person looking at your response doesn’t know whether you were referring to November 2, 2013 or November 2, 2014. I think you wanted November 2, 2013. But we will never know, will we? πŸ˜‰

Dan B
Dan B
Oct. 8, 2012 4:40 pm
Reply to  Roy S

That’s good, though I do have reservations whether you can “reasonably argue that”. Damn, you must really want that T-shirt huh! πŸ™‚ Fine, but you do realize that companies order everything in X-Large right?

Roy S
Roy S
Oct. 8, 2012 4:50 pm
Reply to  Roy S

Fine, I’ll give you November 2, 2014! πŸ˜€

It just goes to show you that great minds think alike…and apparently at the same time!

Roy S
Roy S
Oct. 8, 2012 4:17 pm

Friday, November 2nd.

Yvan De Munck
Oct. 8, 2012 4:34 pm

10/31

Dan B
Dan B
Oct. 8, 2012 4:41 pm
Reply to  Yvan De Munck

Of what year? πŸ™‚

Garret Brooke
Garret Brooke
Oct. 8, 2012 5:28 pm

11/5/12

Sarah
Sarah
Oct. 8, 2012 7:00 pm

November 1st… 2012… Thursday… probably in the afternoon. πŸ˜‰

h otsuka
h otsuka
Oct. 8, 2012 8:33 pm

nov4

Glenn
Oct. 9, 2012 1:40 am

Hi,
My guess is October 31st, 2012.

Casey C
Casey C
Oct. 9, 2012 12:44 pm

Monday, November 5th!

Obviously.

Darren
Oct. 9, 2012 1:26 pm

I’m going to say they’ll cross the $1B mark on October 30th but it will be posted on October 31st. If they are a few million short I’ll borrow the difference to make sure I have a chance to win.

RT
RT
Oct. 9, 2012 1:39 pm

November 5.

Karl
Karl
Oct. 9, 2012 1:41 pm

October 29, 2012

Kent
Kent
Oct. 9, 2012 5:34 pm

November 9 – Thanks for the fun competition Peter! Some of these people take this stuff pretty seriously. πŸ™‚

Walter
Walter
Oct. 9, 2012 7:01 pm

11/8/2012

B. Mason
Oct. 10, 2012 12:44 am

Put me down for 1 November, with a total of $1.005B! My exponential projections with daily seasonality are on fire.

Brandon B.
Brandon B.
Oct. 10, 2012 10:35 am

Oct 26, 2012 is my guess.

No one has guessed very early and I calculate that with 33 million closer since the first of Oct and already at 947 million that is 3.3 mil per day which means (1000-947)/3.3 = 16 days + 10 Oct, 2012.

Fiscal Sergeant
Oct. 10, 2012 1:27 pm

Put me down for 29 Oct

Fiscasl Sergeant
Fiscasl Sergeant
Oct. 30, 2012 5:11 am

Doh, I lost….

andrew norton
andrew norton
Oct. 10, 2012 5:53 pm

November 5th

Megan
Megan
Oct. 10, 2012 8:47 pm

11/3/12

Mike
Mike
Oct. 11, 2012 12:53 pm

10/25/12

Knoboudei
Knoboudei
Oct. 12, 2012 8:28 am

My guess is Nov 1, 2012.

Corky
Corky
Oct. 13, 2012 8:20 am

10/27/12

Marsha
Marsha
Oct. 14, 2012 9:01 pm

I say November 26.