John Mack

John Mack, venture capitalist (part 2)

June 6, 2012: 11:06 AM ET

John Mack and Mary Meeker, together again.

FORTUNE -- Yesterday we reported that ex-Morgan Stanley CEO John Mack has quietly invested $1 million into, an e-commerce site focused on luxury lifestyle products that are curated by "influencers" like fashion expert Tim Gunn, chef Daniel Boulud and model Petra Nemcova. It was part of a $10.1 million round that the New York-based company announced last month, without publicly identifying Mack as a participant.

Now comes word that Mack has invested in yet another private company: Lending Club, a San Francisco-based peer-to-peer lending marketplace. We had mused in the earlier post if this was coming, given that Mack joined the Lending Club board back in April.

Mack's investment in Lending Club is for $2.5 million, and comes alongside a $15 million infusion from new Lending Club backer Kleiner Perkins Caufield & Byers. Mary Meeker, another ex-Morgan Stanley (MS) hand, will join Mack on the Lending Club board of directors.

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  • Exclusive: John Mack, venture capitalist?

    Ex-Morgan Stanley CEO invests in e-commerce startup.

    FORTUNE -- Former Morgan Stanley (MS) CEO John Mack has invested around $1 million of his own money into an e-commerce startup called, Fortune has learned.

    The investment was part of a $10.1 million fundraising announced by the New York-based company last month, which remains open for "value-added investors." Other backers include Japan's Rakuten ($5m) and venture capital firms DCM ($3.5m) and FirstMark Capital MORE

    - Jun 5, 2012 11:07 AM ET
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