Ever wondered who all these people gathering on the MYC4 platform really are? What do we have in common and in which ways are we different? I’d like to give you a peak into our great family of investors to give you a little more information about who we are – and who you are.
Most investors come from Denmark, nearly 3 out of 4, which (I think) is mainly a result of the media coverage in Danish television. But many other nationalities show great interest in the concept too. The following countries in the top5 are The Netherlands, Sweden, The UK and Germany – so go spread the word fellows! The average age of an investor is 40 years old, but most investors are spread around the interval of 20-70 years of age, so don’t feel like you don’t fit in.
So how many are we? Well, if we measure how many user-creations have been made since the launch, and subtract those figures from those that gave up before they even got started (poor guys, must have been too complicated), we have a total of nearly 14,000 investors who have funded at least one loan. And out of these, 30 % of you investors funded more than 20 loans – way to go!
Out of a total of nearly 410,000 successful bids on the platform since the beginning, 65 % have been manual bids, and the rest, obviously, autobids. So it seems we still prefer human choice over computer-algorithms – the personal intuition matters.
How much do we bid? The average amount per bid peaked in the middle of ’08 at nearly €80, and has then been falling ever since. The average bidding amount for 2011 is now consolidated at €20 with a median at €5.
Note that the total successful bidding amount per quarter has been nearly constant for the last two years, even though the average bidding amount has fallen from around €35 to €20 in the same period. This shows that loans are being funded by more bids of smaller amounts, rather than fewer bids of higher amounts, and that’s positive for the investor’s risk diversification – smart guys.
How much do we want in interest? The average interest on bids in 2011 is 13.90 % with a median at 13.75 %. The average interest has varied over time, also due to the currency risk, but after what can be considered the introductory year of ’07, it has consolidated around 12-14 %.
How active are we? In the first three quarters of 2011 there were little over 6,000 active investors on the platform. These investors made nearly 89,000 successful bids. That means that each active investor made an average of nearly 5 successful bids per quarter in 2011.
Another interesting figure is how many loans each investor ‘made happen’ (successful bids per total users). Calculating this, for the time since the beginning, with nearly 19,000 created users on the platform and a total of nearly 410,000 successful bids, this equals an average of nearly 22 loans ‘supported’ by each user – including inactive users, though not taking into account if some investors support the same loan with more than one successful bid.
The last indicator from me today, is the average invested amount per active investor (note that this is different from the average bidding amount). Over the last three quarters (2011) the ≈6,000 active investors have each invested an average of close to €300, in other words, approx. €100 per investor per quarter. Please note that this amount includes re-loaned funds.
All these statistics are just to give you all a tiny idea of how we have been using the platform until now. You can have these figures in mind when you invest in the future.
Finally I’d like to tell you a little bit about who I am – who is this strange new blogger?! I’m currently analysing internal statistics for MYC4 at their office in Copenhagen once a week as a volunteer, using data that Githa Kurdahl extracts from the internal database. When I’m not here, I work on my bachelor degree in business administration from Roskilde University (RU) focusing on theorizing what can actually be defined as a ‘social entrepreneurship’. I’m 23 years of age, and I consider myself to be a ‘social investor’. When I’m finished with my bachelor project, my plan is to study a master degree in ‘social entrepreneurship’. I hope to be at your service on the blog in the future.
So what’s the purpose of this post? The statistics above are only showing general demographics and simple data that we (think we) know about you so far. But what we really want, is to get an insight of what you would like to know more about as an investor. So please comment any suggestions on further statistic analysis, and I’ll see what I can do about it. I’ll gladly do quantitative surveys and qualitative interviews in the future, to let you know much more about everything there is to know in relation to MYC4. Cheers!