Taro Logo

Sadly, the magic is gone.....

Software Engineer
Former Employee
Worked at LendingClub for 2 years
September 6, 2017
San Francisco, CA
1.0
Pros

There are still some really smart people at Lending Club. The CEO is a great guy, and some of the executives are bright, focused, and good in their respective fields. In general, there is collaboration, and people treat each other with respect.

Cons

The energy and excitement of the Renaud era is over. LC plods along and will be profitable as there is such a huge market for the personal loan product. Technical innovation doesn't seem to be what's happening. Most groups are overstaffed—beyond anything I've seen—and the diligent chipping away at the balance sheet goes on and on. It does seem like the execs are waiting for a sale.

Advice to Management

Innovate and provide a vision and mission; if you don't want to do that, sell.

Was this helpful?

LendingClub Interview Experiences