That's just a huge spread. We think if you allow people to participate directly, it's a more efficient marketplace. People can make a better return on their deposits, which then become the source of credit to others.

I think they are trying to spread it around, to keep everybody happy and so they don't get delayed by a bottleneck in one operation.

People of all age and ability will be able to participate.

I don't think they have an issue in the marketplace. Operationally, they're hitting their stride ... but this is a stock that has to trade on more near-term earnings.

Some people would say we're being overly-conservative. But I say we're being realistic for our first year planning.

There are likely to be people who bid on certain loans because they want to support people they care about and can relate to. For example, a successful entrepreneur may remember the trials and tribulations of getting a loan to start her first business, and be instantly drawn to borrowers who are budding entrepreneurs.