Showing posts with label youtube. Show all posts
Showing posts with label youtube. Show all posts

Sunday, August 5, 2007

Lending Club YouTube video contest enters final week

There is one week left in Lending Club's $5,000 YouTube video contest. Nearly three weeks ago, Lending Club announced a contest "for the best video about Lending Club and person-to-person lending" as measured by total views on August 10th. So far there are a total of 13 contestants vying for the $5,000 prize. The top video has over 7,000 views. It is still possible that someone could enter the contest before the end of the week and take the prize. The most popular videos on YouTube gain tens of thousands of views in a single day.

After reviewing all the videos I think that five clearly stand out above the rest. These are not necessarily the videos with the most views. If I was a one-man judging panel and had to rank order the videos here is where they would stand:

#1 - Chris Barrett's Lending Club Commercial Submission - 1,496 views
Funny video of a girl who is getting her Paris Hilton news through magazines instead of the internet since her laptop broke. She's so last week. Her friend suggests Lending Club to borrow the money and replace her computer. Professionally done. Great acting. It was directed by Chris Barrett and written by Elizabeth Licorish. Chris Barrett is a partner in Powerhouse Pictures Entertainment and is a documentary film director. He is currently shooting a documentary about teacher sex scandals called 'After School' which should be released this winter. Although this has less than 2,000 views it is the fastest climbing video and was featured on Elites TV. The video was just uploaded on August 3rd. Chris Barrett is an established YouTube video artist and has over 2,200 subscribers.



#2 - Lending Club Viral Video - 778 views
This video was created by Share Ross, a self-employed freelance artist, and her husband. Share is well-known as the bassist in Vixen and the guitarist/singer in Bubble. In the one-minute video she does a great job of explaining how Lending Club works. I would give this video the award of most likely to appear on actual TV. Very well done; professional quality.



#3 - Lending Club Commercial - 5,705 views
A guy attempts to clear a long set of stairs on his skateboard. Yes, you know how it ends. Captions read, "You can't erase the past. But with Lending Club, you can refinance old debt. To buy a new skateboard...or pay off medical bills." It's short (only 14 seconds), funny and very youtube-ish. It's the kind of video someone would email to a friend and say hey, check this out! It has received hundreds of views from MySpace embedded links and, in my opinion, is the most likely winner based on its MySpace popularity. It won a YouTube honor - #80 most linked to video in the sports category. It was created by Sean Orndorff from USC.



#4 - Battle at Kruger, Lending Club and You - 1,088 views
Fascinating video of a young buffalo attacked by wild animals (banks and credit cards) and is rescued from certain death by a pack of brave buffalo (Lending Club lenders). Great storyline and the audio is well done. This video, created by David Baldwin from Texas, was featured on the Lending Club blog.



#5 - Lending Club Contest! - 7,202 views
The first 15 seconds of the video is dedicated to explaining how Lending Club works - one of the few videos which does that well. The rest of the video shows various possible uses for a Lending Club loan. The biggest advantage this video has is that it was uploaded very early and has been collecting views for weeks longer than some other videos. It was created by Steve Dinelli who will be a freshman at Robert Morris College this fall.



Honorable mentions. The following videos stand out for one reason or another.

The Magic of Lending Club - 520 views
Harry Potter borrows money (transported by owl) for new textbooks, socks, a faster racing broom and friendship. Creative.

Come on in! Get your feet wet! - 228 views
A home video shot of a family playing in a water fountain while on vacation in Europe. Subtitles say things like "Cool down! Enjoy life! Lend and borrow with Lending Club!" If you hang on until the end of the two and a half minute video you will learn that the vacation was funded by eight members of Lending Club. This may be the only person who has personal experience with Lending Club to enter the contest.

Cat Lovers - 251 views
This is part two of the get your feet wet video. Art Ture explains that he and his wife borrowed money from Lending Club and took a trip to Europe. There are four and a half minutes of video from their trip including lots of cats. Again, I like how this is a personal Lending Club story. It is, however, unlikely to gain many page views because few people are generally interested in vacation videos unless you are in them.

Raccoon in Da Club - 583 views
Twenty-two second video of a raccoon. "Join raccoon-to-raccoon Lending Club. The CLUB not the tree." Nice play on LendingTree.com.

Microwaving My Credit Card - 33 views
Thedebtkid cooks his credit card in the microwave. "There is an easier way to melt away your credit card debt...lendingclub.com."

Brilliant Viral Campaign - 892 views
This was one of the first videos to enter the contest. It is a dubbed-over 1-minute clip from the Hound of the Baskervilles called The Hounds of Bad Credit. Someone wrote in the comments, "Perhaps if it was all redubbed, and the audio quality was better. As it is, it's just sort of bad. I'm giving it a 4 of 10. But the concept is a great idea! I'd just redo it." I'd agree. Creative idea but the audio quality actually makes it a little painful to watch.

The final two videos were difficult to understand. In Netbanker's review Jim Bruene said, "One is recorded so softly, you cannot understand a word of it, another features a guy reading website copy on his couch...I don't want to skew the results by linking to them. Trust me, you don't need to watch them." To be complete and fair I will link to them, but I agree with Netbanker's assessment.

Get Money, Lend Money, No Problem (Lending Club) - 4,168 views
Poor audio quality. Impossible to understand.

LendingClub.com Contest Video - 1,249 views
This was the first entrant uploaded July 23. Contains profanity. Not interesting enough to keep my attention for six minutes. It's the longest video in the competition.

Since some of you may disagree with my top video picks I threw together a quick poll so you can vote for your favorite. Which one do you think should win? Note, I was limited to 10 poll options so I combined the two entries that were made by the same person and excluded the last two videos.



Overall, some high quality videos have already been produced for Lending Club's contest. This week we will post interviews of several of the video producers. They have fascinating stories.

If you are interested in joining the contest in the final week you can get the details on our earlier post or, if you have a Facebook account, on the official contest site.

Wednesday, July 18, 2007

Lending Club announces $5000 video contest

How do you earn money through peer to peer lending networks? Interest on your investments or referral cash? Now there is another way. Lending Club is giving away a cool $5,000 in a video contest. You do not have to be a Lending Club member, but you do at least have to have a Facebook account to view and enter the contest. Here's the announcement for those that do not have an account:

Lending Club is a person-to-person lending application available exclusively to Facebook users. Hundreds of Facebook lenders have already extended more than $300,000 in loans to Facebook borrowers since May 24. Users borrow and lend money among each other, bypass the banks and get better rates.

Now here's what we're thinking: person-to-person is a strange idea at first. When you think about it, it makes a lot of sense: users cuts the banks out and they all get better rates.

So in order to help explain the benefits of p2p lending, we are hosting a contest starting July 17 until August 10 for the best video about Lending Club and person-to-person lending. The best video wins $5,000.


The winner will be the video that has the most views on YouTube by August 10, 2007. The video must explain how Lending Club can help you refinance your debt at better rates, buy something you (really) need or just make money by lending to other users. Your video must be posted in this group's wall and in YouTube and contain the YouTube tags "Lending Club" and "person-to-person lending". See full contest rules in the "Rules" section below.

There is no obligation to join Lending Club to participate (although membership is free and you're welcome to check out our application at http://apps.facebook.com/lending-club )!

A search on YouTube for Lending Club right now turns up no results. A search for person to person lending shows two videos - one of Zopa's crop circles and a video introducting Prosper to sub-prime borrowers. Both those videos were posted in late 2006 and have approximately 2,000 views.

This seems like a great marketing strategy for Lending Club. They will likely get several very creative advertisements and in the process create fans and gain visibility. It targets their younger Facebook demographic as well.

My biggest worry is that YouTube view counts are easy to game. For a Mashable article, Gaming YouTube for Fun and Profit, Pete Cashmore showed how easy it is to build thousands of views overnight. It would be difficult for Lending Club to detect someone gaming the system since they do not have access to the YouTube platform. The potential penalties for falsely inflating view counts, however, are very strict. According to the official rules, "Any attempt by an entrant or any other individual to deliberately damage any online service or web site, tamper with the judging process, or otherwise undermine the legitimate operation of the Contest is a violation of criminal and civil laws and should such an attempt be made, Sponsor reserves the right to seek damages and/or other remedies from any such person to the fullest extent permitted by law."

I find it interesting that Lending Club did not make an announcement about the contest on their official blog. It was only advertised inside Facebook. More and more it looks like they want to focus their blog solely on finance education. Rex Dixon, Lending Club's director of social media content, did announce the contest on his personal blog.

Our previous coverage of Lending Club is here. If you create a video, please post a link in the comments.

Update (July 19): Lending Club CEO Renaud Laplanche announced the contest on their official blog.
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