Beware of Platform Risk - How PeerStreet, a Real Estate Crowdfunding Firm, Went Bankrupt
Money For the Rest of Us
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Pierce Street's Bankruptcy
Global venture capital funding has dropped over 50% in the past year. Pierce Street had $4.4 million in cash on hand, another $18.5 million in its mortgage business when it filed for bankruptcy. There are potentially up to 10,000 retail investors still on the platform.
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