Prosper.com Reviews | Glassdoor

Prosper.com Reviews

Updated October 14, 2018
170 reviews

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3.6
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Prosper.com Chief Executive Officer David Kimball
David Kimball
33 Ratings

170 Employee Reviews

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Pros
Cons
  • "Growing pains of managing to budgets, cyclical nature of financial markets can be stressful to newcomers" (in 5 reviews)

More Pros and Cons

  1. Helpful (2)

    "Renewed, focused momentum"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in San Francisco, CA
    Current Employee - Anonymous Employee in San Francisco, CA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Prosper.com full-time (More than a year)

    Pros

    Established and profitable
    Good people
    Good work/life balance
    Great benefits

    Cons

    Sometimes a lack of urgency

    Advice to Management

    Keep trimming fat and rewarding top performers


  2. Helpful (1)

    "Five different company for five years"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Prosper.com full-time

    Pros

    if you're young and dedicated/talented, you can get to higher positions quickly, increasing your value. Some highly capable and smart engineers.

    Cons

    too frequent management changes. lots of turbulence, unexpected and disappointment. If you are a borrower, you will get better rates many places else. If you are an investor, you will find better options. not just p2p. For this reason, genuinely worried about this company's future.
    Company has horrible working culture. Met lots of people with obnoxious attitude desperate for 'survival'. Nobody's thinking about retiring in this company.
    Also lots of people that makes you wonder how the h- they got up to the management position.

    Advice to Management

    need a good long term plan. also make real good people stay, not leave.

  3. "SRE"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Prosper.com full-time

    Pros

    * Flexible work-from-home
    * Some projects are interesting to work on
    * Amazing people, genuinely good-hearted and well-intentioned people at all levels
    * Good culture around openness, embracing different cultures and ideas. Prosper does put the people who work there first.
    * Salaries are adequate, not great but not bad.

    Cons

    * Too much of a help-desk mentality from Engineers
    * Silos are prevalent at Prosper. To get work done you must cross many silos, which results in slow down and frustration
    * Culture does not encourage working or helping on projects that are not directly associated with making your manager look good
    * Help Desk Mentality for DevOps
    * If people are first at Prosper, the ability to get work done is last.
    * For a company this size, there are way too many layers of management.

    Advice to Management

    Reduce the amount of managers, take the focus off OKRs, empower employees to get work done by creating teams to get work done instead of forcing work to fit existing teams


  4. Helpful (1)

    "Work review"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Verifications Specialist in Phoenix, AZ
    Current Employee - Verifications Specialist in Phoenix, AZ
    Recommends
    Approves of CEO

    I have been working at Prosper.com full-time (More than a year)

    Pros

    Flexible work schedule, some education classes offered, stress free work environment

    Cons

    More opportunity for additional bonuses


  5. Helpful (3)

    "Most frustrating experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I worked at Prosper.com full-time

    Pros

    It was great helping the company start and I guess giving us alcohol and food after meetings somewhat made it up to us.

    Cons

    Favoritism was constant and still is from what my former colleagues that are still there tell me.


  6. Helpful (1)

    "Director"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Prosper.com full-time

    Pros

    Company is learning to mature, and there's lots of energy and collaboration to do the right things. Did make many bad decisions in the past, but does make fat corrections and learns from the past. Current management is very supportive on employee empowerment, and transparency. Business model has proven itself over the years, and looking to scale going forward. Good modern technology stack to learn and mature from.

    Cons

    There are still growing pains as the business and culture is still evolving and maturing. There's always lots of work, and getting one's head around them could be challenging at the times.


  7. Helpful (1)

    "OB Sales"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Ob Sales in Phoenix, AZ
    Current Employee - Ob Sales in Phoenix, AZ
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Prosper.com (Less than a year)

    Pros

    Free snacks and beverages and bagels every Friday also company outings every quarter. Great atmosphere and the people are truly genuine.

    Cons

    The building is very cold a/c is set low

    Advice to Management

    Keep up the good work and keep promoting within

  8. Helpful (1)

    "Growth opportunities"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Prosper.com full-time

    Pros

    Strong leadership, opportunities for growth, and start up culture

    Cons

    Resource constraints, highly competitive space, and high turnover

    Advice to Management

    Keep developing new products


  9. Helpful (2)

    "Turning around"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I have been working at Prosper.com full-time (More than a year)

    Pros

    Morale and general communication with employees have improved A LOT
    CEO, CRO, and CFO are talented people who work well together and share a compelling vision.
    A lot of nice people and a pretty good atmosphere

    Cons

    The product and engineering teams get a lot of glories and there are few accolades for anyone not on those teams
    The turnover is still pretty high
    Job growth is next to impossible, leaving seems the only way to get a raise or move up

    Advice to Management

    Focus on retention
    Stop playing favorites, it is feeling like a clique of mutual admirers
    Keep working on viable new products


  10. Helpful (6)

    "broken culture + inept exec team"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in San Francisco, CA
    Former Employee - Anonymous Employee in San Francisco, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Prosper.com full-time (More than a year)

    Pros

    Office location is pretty great. Office itself is open with lots of spaces to do work away from your desk.

    Cons

    This company is not worth the effort. The CEO does not understand technology or the industry and has steadily moved Prosper away from innovation in order to lean on more traditional financial services practices. He tries to sell himself as a deprecating everyman hero while surrounding himself with ex-bankers and second rate product and technology leaders who act as his enforcers. Meanwhile these executive "leaders" clearly can't stand each other. People and career management is a joke. Prosper was moving decidedly toward a more technology driven future -- not so much anymore. Do yourself a favor and look elsewhere.

    Advice to Management

    The board should clean the slate and replace all leadership with a management team that cares about being a mission-driven organization again and a leadership team that actually cares about the employees that work for them.


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