Prosper and Other Changes

In the past I've been a proponent of Prosper. While I continue to think this is a unique business idea and a great way to increase returns by bypassing banks, my recent thinking has shifted. The three year lock in of funds is not adequately compensated. As such, I'm now inclined to search for other places to generate returns.

This brings me to the other changes for East 49th Street. Since inception, the goal has been to generate returns through direct investments in startups. While this will continue to be a goal, I will also be leaning towards advising startups in bootstrapping ventures.