SOURCE: Prosper.com

Prosper.com

April 28, 2011 07:00 ET

Prosper.com CEO Chris Larsen to Speak at the Milken Institute 2011 Global Conference

Consumer Finance Innovator and Founder of U.S. P2P Lending Marketplace to Join Global Leaders to Discuss Critical Economic, Social and Political Issues

SAN FRANCISCO, CA--(Marketwire - Apr 28, 2011) - Prosper.com, America's first peer-to-peer lending marketplace with more than one million members and $228 million in funded loans, today announced that company co-founder and CEO Chris Larsen will join a panel on the future of funding entrepreneurial growth at the upcoming Milken Institute 2011 Global Conference in Los Angeles, Calif. on Wednesday, May 4, 2011.

Who:
Chris Larsen, CEO of Prosper.com

Larsen has long been regarded as a consumer advocate, a web pioneer, and a disruptor of established financial service models. As the co-founder of the first online lending company E-LOAN, he was responsible for helping to author one of the nation's strongest consumer financial protection laws and played a pivotal role in making credit scores available to consumers for free. This commitment to making consumer-lending markets more efficient and transparent led to his co-founding of P2P lending site Prosper.com. Prosper brings a more efficient, transparent and trustworthy process to consumer finance, removing the barriers of traditional financing and giving consumers direct access to affordable funding and a new asset class to individual investors.

What:
Panel discussion on "Entrepreneurial Finance"

The growth of small and mid-size companies is crucial at this stage of the recovery. Larger firms have been successfully deleveraging and refinancing to fuel growth, but small-scale enterprises and startups are still having difficulties in accessing capital. Bridging these gaps to support entrepreneurship will dramatically increase job growth and community development. How can we ensure that smaller firms are not disadvantaged by higher transaction costs? What new capital structures and strategies can be deployed to serve entrepreneurs and investors? What are the links between community development finance and enterprise finance?

When:
Wednesday, May 4, 2011 from 11:00 a.m. PT to 12:15 p.m. PT

Where:
Milken Institute 2011 Global Conference
Beverly Hilton
Los Angeles, Calif.
The Milken Institute Global Conference brings together entrepreneurial, scientific, political, and academic leaders from the world to discuss and explore solutions to some of today's most pressing social, political and economic challenges.

Media attending the conference who are interested in arranging an interview with Larsen should contact Laurie Azzano at 415.786.3317 or lazzano@prosper.com.

To learn more about Prosper's personal loans, small business loans and auto loans please visit http://www.prosper.com.

About Prosper
Prosper Marketplace Inc. is America's first peer-to-peer lending marketplace with over one million members and more than $228 million in funded loans. Prosper allows people to invest in each other in a way that is financially and socially rewarding. Borrowers list loan requests between $2,000 and $25,000 with loan terms of 1, 3, or 5 years. For example, a $5,000 loan with a 3-year loan term for a person with a Prosper Rating of B and one or more previous loans, would have a 14.12% APR and scheduled monthly payments of $166.05. Individual and institutional investors invest in minimum increments of $25 on loan listings they select. In addition to credit scores, ratings and histories, investors can consider borrowers' personal loan descriptions, endorsements from friends, and community affiliations. Prosper handles the servicing of the loan on behalf of the matched borrowers and investors.

Prosper was co-founded by Chris Larsen, co-founder of E-LOAN. Prosper has raised $57.7 million in venture capital and is backed by financial and technology luminaries including, Jim Breyer of Accel Partners; CompuCredit; Omidyar Network; Capital One Co-founder Nigel Morris of QED Investors; Court Coursey of TomorrowVentures; and Larry Cheng of Volition Capital.

Notes offered by Prospectus.

About the Milken Institute
The Milken Institute is a nonprofit, independent economic think tank whose mission is to improve the lives and economic conditions of diverse populations around the world by helping business and public policy leaders identify and implement innovative ideas for creating broad-based prosperity. It is based in Santa Monica, CA. (www.milkeninstitute.org)

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