Beware of Platform Risk - How PeerStreet, a Real Estate Crowdfunding Firm, Went Bankrupt

How to mitigate the risk of investing on crowdfunding platforms where there is little transparency on the underlying financial health of the platform company.

Topics covered include:

• What is the platform economy
• How blitzscaling and an over-reliance on venture capital funding led to Peer Street's bankruptcy
• What happens next for investors on Peer Street's platforms
• How individuals and businesses can mitigate the risk of investing or conducting business on platforms

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Show Notes

Amazon: Independent Sellers In The U.S. Sold More Than 4.1 Billion Products in 2022 by SGB Media—SGB Media

PeerStreet

LinkedIn Post by Brett Crosby—LinkedIn

Crowdfunding platform PeerStreet files for bankruptcy by Flávia Furlan Nunes—Housingwire

AI Was Q2’s Big Hope To Reverse The Global Venture Funding Slowdown. It Wasn’t Enough by Gené Teare—Crunchbase

VC finds its footing as headwinds weaken by James Thorn—PitchBook

PitchBook-NVCA Venture Monitor—PitchBook

Cases FAQ—Stretto

Real estate debt marketplace PeerStreet files for bankruptcy by Matt Carter—inman

BlockFi Bet Big on FTX and Alameda Even After Seeing Infamous Balance Sheet, Creditors Say by Jack Schickler—CoinDesk

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253: Are IPOs the New Ponzi Scheme?

301: Use Caution with Alternative Investments

393: What Happens If Your Brokerage Firm Goes Bankrupt

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