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 economyHow blitzscaling and an over-reliance on venture capital funding led to Peer Street's bankruptcyWhat happens next for investors on Peer Street's platformsHow individuals and businesses can mitigate the risk of investing or conducting business on platformsSponsorsMadison Trust Self-Directed IRA - Go Here to Learn More and Get Your $100 Off Promo CodeUse code MONEY10 to get 10% off on your NAPA Autoparts online order.Insiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter.Show NotesAmazon: Independent Sellers In The U.S. Sold More Than 4.1 Billion Products in 2022 by SGB Media—SGB MediaPeerStreetLinkedIn Post by Brett Crosby—LinkedInCrowdfunding platform PeerStreet files for bankruptcy by Flávia Furlan Nunes—HousingwireAI Was Q2’s Big Hope To Reverse The Global Venture Funding Slowdown. It Wasn’t Enough by Gené Teare—CrunchbaseVC finds its footing as headwinds weaken by James Thorn—PitchBookPitchBook-NVCA Venture Monitor—PitchBookCases FAQ—StrettoReal estate debt marketplace PeerStreet files for bankruptcy by Matt Carter—inmanBlockFi Bet Big on FTX and Alameda Even After Seeing Infamous Balance Sheet, Creditors Say by Jack Schickler—CoinDeskRelated Episodes253: Are IPOs the New Ponzi Scheme?301: Use Caution with Alternative Investments393: What Happens If Your Brokerage Firm Goes BankruptSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.