Investors request audit of The Peer’s finances as it prepares to refund leftover capital
- Investors in The Peer have asked for an audit of the company's accounts as it prepares to return leftover capital.
- Two investors have requested more details on the company's cap table.
- The discrepancy in the company's balance is connected to some investors not honoring capital calls.
The Peer's financial situation raises concerns about transparency and investor trust. The co-founders' lack of response to the audit request and avoidance of the matter indicate potential issues. The company's struggle to acquire enough businesses and achieve product-market-fit highlights challenges in its business model.
