Pando is a technology company delivering a new way to manage career risk.
Pando has created a new financial tool for people in high volatility careers.
Pando was founded in 2017 by Eric Lax and Charlie Olson. The company is headquartered in San Francisco, California.
Pando offers a unique product for those who want to take greater control over their career outcomes by incorporating the tried-and-true benefits of diversification. It connects individuals with similar expected earnings and provide tools for them to pool a fraction of their future incomeThe solution is called pooling.
Pooling enables a group of individuals to come together and contractually pledge a small portion of future earnings – above a hurdle – to a shared pool. Total pool distributions are distributed equally. Pooling gives the benefits of diversification, spreading risk and providing upside if someone else in the pool becomes a superstar.
Pando is backed by Core Innovation Capital, Pear VC, Avalon Ventures, Ulu Ventures, Nimble Ventures, Stanford StartX Fund, WTI and Slow VC. The company raised $8M in Series A round on June 09, 2020. This brings Pando's total funding to $11.1M to date.