LendingClub an Alibaba-Sized Opportunity: Wallace

The transcript discusses the operational differences between Lending Club and On Deck, highlighting their distinct business models. Lending Club operates as a marketplace, while On Deck raises its own capital. The conversation explores the growth potential of Lending Club, comparing it to companies like Uber and Alibaba. It also delves into market size, business model efficiency, and customer acquisition strategies. The discussion shifts to Uber, examining its market position, valuation, and regulatory challenges, emphasizing the rapid adoption and necessity of its services.

Discuss the potential market size for consumer lending compared to Uber's market.

What challenges does Lending Club face in changing consumer perceptions about borrowing?

How does the concept of surge pricing relate to the business model of Uber and its implications?