LendingTree: An original dot-com darling grows up
While visiting New York last month, LendingTree.com founder and CEO Doug Lebda was informed by a professor from his college days at Bucknell University, "You were always trying to find a different way of doing stuff. It was annoying." It has also been successful. The business model created more competition and moved the leverage from the lender to the buyer. Since its inception, in 1998, LendingTree has played matchmaker on more than 30 million loan requests and facilitated some $214 billion in closed loan transactions.