Bloomberg Businessweek Bloomberg Businessweek Weekend - December 5th, 2025
Dec 6, 2025
Guest
Ron Eliasoff
Guest
Devin Leonard
Guest
Angus Thirlwell
Guest
Mandeep Singh
Guest
Christina Lee
Guest
Scott Sanborn
Scott Sanborn, CEO of LendingClub, discusses how the company adapts to real-time consumer credit health and plans to double originations. Christina Lee from Oaktree Capital dives into private credit dynamics, stressing the importance of transparency amidst rising defaults. Mandeep Singh analyzes enterprise software and cloud security trends, while Angus Thirlwell, founder of Hotel Chocolat, shares insights on their U.S. expansion strategy and collaboration with Mars. Devin Leonard uncovers Target's struggles with design and execution, highlighting what it needs to regain relevance.
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Episode notes
Middle Majority Drives Lending Club
- Lending Club serves the 'middle majority' who are heavy credit users and represent about a third of the U.S. population.
- These customers carry close to half of the overall credit wallet, making them a large, valuable segment.
Pilot New Loans On Your Balance Sheet
- Use your own balance sheet to pilot new loan products before offering them to marketplace investors.
- Test pricing, duration, and channels internally to ensure performance and align incentives with buyers.
Control Use Of Proceeds To Improve Outcomes
- Lending Club controls use-of-proceeds by paying suppliers directly, ensuring loans fund their stated purpose.
- Direct payments improve outcomes like credit score and reduce misuse risk compared with unconstrained personal loans.