Money For the Rest of Us

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

Jul 19, 2023

26:04

AI Chapters

Episode notes

Introduction

2min

Pierce Street: A Platform for Investing in Real Estate Loans

3min

Pierce Street's Distinctive Advantages

3min

The Six Month Note I Invested In

1min

How to Invest in a Rising Interest Rate Environment

2min

Pier Street and the Bankruptcy Risk

3min

Pier Street's Bankruptcy

2min

Pierce Street's Restructuring Strategy

3min

Pierce Street's Bankruptcy

3min

10.

How to Mitigate Platform Risk

3min

11.

The Importance of Platform Diversification in a Bankruptcy

4min

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