Dan Ciporin, a GP at the Canaan Partners, was one of Lending Club’s first investors and has since served on the boards of a number of closely watched companies in the fintech space. MoneyBeat spoke to Mr. Ciporin to get his insights on the current and future state of the fintech industry. Some key takeaways from Mr. Ciporin----the public market does not yet fully understand the disruptive power of the online lenders like Lending Club (thus the IPOs have suffered), the alternative lending total market will grow to over $200bn, and the underlying infrastructure for fintech is the next area to invest.