Prosper Community to Gather in San Francisco for 1st Annual Prosper Days Conference

Company Hits Milestone Membership and Records More than $20 Million in Loans Within Months of Launch

San Francisco – January 16, 2007 – Prosper (www.prosper.com), America's first people-to-people lending marketplace, today announced that registration is going strong for its first annual community conference, Prosper Days, which will take place in San Francisco at the Argent Hotel on February 12 and 13. The day-and-a-half event is expected to draw more than 200 Prosper lenders, group leaders, and borrowers from across the country.

"Our first annual Prosper Days conference marks our one year anniversary and celebrates our vibrant community of individual lenders, group leaders and borrowers," said Chris Larsen, Chief Executive Officer and Co-Founder of Prosper. "Prosper Days serves to enrich our members and provides an opportunity for us to assess Prosper's first year, unveil some exciting new initiatives, and provide a glimpse of what's in store for the future."

Prosper Days is packed with knowledge-building sessions and networking opportunities designed to enhance the Prosper marketplace experience for new and seasoned users. Attendees will have the opportunity to:

• Participate in workshops, roundtables and panels with Prosper executives
• Learn from experienced and successful Prosper lenders and group leaders
• Hear from experts in the credit reporting and credit risk industry
• Be the first to learn about major new enhancements to the Prosper marketplace
• Have their questions answered at a Town Hall meeting with Prosper co-founders Chris Larsen and John Witchel
• Socialize with Prosper members and employees throughout the event

The cost to attend Prosper Days is $25, which includes access to all Prosper sponsored activities and events. The conference is open to everyone 18 and over.

To attend Prosper Days, you must register by February 10. Register online at www.prosperdays.com

About Prosper

Prosper (http://www.prosper.com), America's first people-to-people lending marketplace, was created to make consumer lending more financially and socially rewarding for everyone. Prosper's membership consists of over 140,000 people from across the country. Since launching in February 2006, over $30 million in loans have been funded in the marketplace.

The way Prosper works is intuitive to people who have used eBay. Instead of listing and bidding on items, people list and bid on loans using Prosper's online auction platform. People who want to lend on Prosper set the minimum interest rate they are willing to earn and bid in increments of $50 to $25,000 on loan listings they select. In addition to criteria commonly used by institutional lenders, such as credit scores and histories, people who lend can consider borrowers' personal stories and group affiliations. Groups on Prosper are critical to bringing people together for the common goal of borrowing at better rates. People who want to borrow on Prosper create loan listings for up to $25,000 and set the maximum rate they are willing to pay a lender. Then the auction begins as people who lend bid down the interest rate. Once the auction ends, Prosper takes the bids with the lowest rates and combines them into one simple loan to the borrower. Prosper handles all on-going loan administration tasks including loan repayment and collections on behalf of the matched borrowers and lenders.

Prosper was co-founded by Chris Larsen, co-founder of E-LOAN, and John Witchel, technology entrepreneur. Backed by Accel Partners, Benchmark Capital, Fidelity Ventures, and Omidyar Network, Prosper has raised approximately $20 million. Prosper's marketplace platform is patent pending.