Today is my last day at Prosper.

Over 4 years ago I joined Prosper because of the professional interest and challenge peer-to-peer lending presented, and the opportunity to be part of what state and federal regulators have since described as one of the most promising financial innovations in the last five years. My charge was to design and build Prosper’s peer-to-peer lending platform from the compliance standpoint, and obtain the regulatory approvals necessary to make it work.

With achieving SEC effectiveness of Prosper’s securities registration in mid-July, the job I came to Prosper to do is largely completed. I will now move on to new challenges — building innovative new business constructs from the legal and regulatory standpoint is the work I most enjoy.

I have been working closely with Sachin Adarkar, Prosper’s new General Counsel, to make for a seamless transition, and I will serve on Prosper’s Advisory Board and be available to assist in Prosper’s success in any way I can. Of course, I remain an ardent Prosper supporter and believer, and I have tremendous respect for all of the others in the P2P space that have had the courage and resolve to brave the regulatory obstacle course to forge this new nascent industry with so much potential for individual and collective financial empowerment.

I want to thank the members of the Prosper community I’ve had the pleasure to meet, the responsible, dedicated and thoughtful state and federal regulators I’ve greatly enjoyed interacting with, the outside lawyers, accountants and other professionals that have been so instrumental to Prosper’s success, and most of all the wonderfully talented present and former co-workers at Prosper. I will miss you all but I’m sure we will cross paths again.

Finally, I’d like to personally thank Chris Larsen, with whom I’ve had the pleasure of working for the last 10 years. Thank you Chris for trusting me to grow this groundbreaking, important new industry and for the opportunity to work toward making your vision a reality.

-Ed