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CNBC interviews Renaud about some of his learnings coming out of his Lending Club successes and failures, including focusing on hiring talent outside of the Bay Area to save costs, building a tech stack on top of a Postgres, and maintaining control of his Board / voting rights.
"That's all it did for seven or eight years and the code was very specialized," Laplanche said. "It was hard to build the next product because of that." A decade later, Laplanche has many more tools at his disposal. He built Upgrade using an open-source database called Postgres that allows him to link more services — or microservices — as the company grows. When Upgrade offers a tool to help customers monitor their credit or a new type of credit line and eventually a mortgage, the data from each source can be easily pulled together from different places.
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