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Wednesday, May 03, 2006

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Haney Armstrong

Congrats Lordfly and thanks for the coverage Hamlet.

This is a wild smashup for us over at Omidyar Network as investors in both Linden Lab and the new peer lending company Prosper as well as a large number of microfinance organizations. Here's a thread about peer lending at omidiyar.net in case anyone wants to jump in.

http://www.omidyar.net/group/community-general/news/1171/

Relee Baysklef

What I'm curious about is, did Lordfly pay them back with interest?

Matthias Zander

No, Relee, that was one of the premises of the whole thing. The loans were simply them investing in one student's future. They got no gain out of it, which was stated up front.

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