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Alice
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Great post Christine! I have not used Lending Club myself, but I’m curious as to how transparent the company is in how it assesses creditworthiness of its borrowers and assigns an interest rate. For example, as an investor who is lending money to someone, I am relying on Lending Club’s algorithms and processes to have correctly analyzed the risk of this borrower. What happens if someone who was graded a “AAA” borrower suddenly defaults on what I thought was a risk-free loan? Do I have recourse against Lending Club for irresponsible risk management?
Interesting post, Jeremy! I’m curious if Retrofit’s efficacy is at all dampened by the fact that they operate remotely. Can they keep people in the workplace accountable purely through Skype counseling and mobile apps – rather than installing healthy food in the company cafeteria, sponsoring on-site fitness class, and other costlier initiatives? Also have they mentioned anything about possibly partnering with the healthcare payors themselves? I can see Aetna and UnitedHealthcare having a vested interest in seeing this program succeed as well!