Since its founding, Pando has focused on serving professional athletes, specifically professional baseball players. Total pool distributions are distributed equally. Pando | 1,651 followers on LinkedIn | Success is a team sport | Pando has created a new financial tool for people in high volatility careers. Pando (303 Holdings, Inc.), a technology company delivering a new way to manage career risk, announced today that it raised over $8 million in Series A funding. www.pandopooling.com. Pando’s platform allows professional baseball players and more recently business school graduates to pool future earnings potential in ways that smooth income volatility for … Pooling gives the benefits of diversification, spreading risk and providing upside if someone else in the pool becomes a superstar. Article Comments (0) FREE Breaking News Alerts from StreetInsider.com! Obviously, we believe this is a terrific opportunity for Pando, but perhaps, it's an even bigger opportunity for entrepreneurs and other business professionals to join with trusted peers who are on track to make a dent in the universe.". With this fund raise the total funding raised by the company is now at Rs 80 crore. Founded by Stanford University alums Eric Lax (CPO) and Charlie Olson (CEO), this company allows athletes to commit a … Why, then, do we see this behavior with entrepreneurs, business professionals and athletes? The global VC firm has offices in Bengaluru, Beijing, London, Munich, Palo Alto, Tel Aviv, Stockholm, Munich, and London. Pooling gives the benefits of diversification, spreading risk and providing upside if someone else in the pool becomes a superstar. Charlie Olson is the Co-Founder and CEO of Pando, a Series A stage fintech designing new ways for high financial variability performers to manage financial risk and upside. The solution is called pooling. Pando has created a novel financial tool for those looking to control career risk. "We built a financial tool for an economy that's increasingly characterized by winner-take-most professions," says CEO Charlie Olson. Currently targeting only entrepreneurs and professional baseball players, Pando Pooling ultimately wants to expand into other industries. 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. SAN FRANCISCO, June 9, 2020 /PRNewswire/ -- Pando (303 Holdings, Inc.), a technology company delivering a new way to manage career risk, announced today that it raised over $8 million in Series A funding. About. Pando Raises $8 Million In Series A Funding. July 22, 2020 35 min. This is Next47's first investment in India. The team is looking to scale into international markets and invest in technology and talent. Nitin Jayakrishnan, Co-founder and CEO of Pando, said, Nitin Jayakrishnan and Abhijeet Manohar, Founders of Pando. The solution is called pooling. The solution is called pooling. Pando is an innovative new income pooling solution that allows people in high volatility careers to pool their career risk. 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. Angel investors like Ramkumar Narayan, VMWare India MSD, Alok Mittal, CEO of Indifi, and Saikiran Krishnamurthy of xto10x Ventures also participated in this round of funding. Pando's Ambassador program is designed for graduate students with an entrepreneurial spirit and passion for building the future. For those interested in what goes into building an emerging company, the Ambassador Program gives you the opportunity to experience working with a high-growth Series A startup and participate in Pando's journey. ‎Show Rebank: Banking the Future, Ep Pooling Upside in Baseball and Business with Pando - Jul 22, 2020 ‎Charlie Olson is the Co-Founder and CEO of Pando, a Series A stage fintech designing new ways for high financial variability performers to manage financial risk and upside. The solution is called pooling. M 3. Our investment in Pando was propelled by this unique insight and their novel approach to transforming this insight into a compelling business. "It seemed strange to us that so many talented individuals were taking incredible risk with their greatest asset: the ability to earn future income from their chosen career." The company raised $8M in Series A round on June 09, 2020. In a press release, Lak Ananth, Managing Director, Next47, stated. 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