CREATE YOUR OWN POOL, OR JOIN ONE OF THE COMMUNITY POOLS CURRENTLY ACCEPTING APPLICATIONS
Series A Founders
Stanford GSB Founders
Women in Entrepreneurship
Entrepreneurs - Diversified
POOLS ARE STARTED BY 2-3 FOUNDING MEMBERS who are visionaries or leaders in their fields. These founding members become the pool leaders.
WITH PANDO'S SUPPORT, POOL LEADERS DEFINE THE POOL'S MISSION AND IDEAL CANDIDATE PROFILES. Pando will then build out a list of candidates for the leaders to meet (and leaders are always encouraged to add their own contacts to the mix).
PANDO SOURCES GREAT CANDIDATES FOR THE POOL, who fit the mission and profile defined by the pool leaders. Pando arranges virtual meetings between the leaders and pool candidates to determine mutual interest in pooling together.
AFTER MEETING AND CONFIRMING MUTUAL INTEREST, approved candidates will be sent a Pooling Agreement to review. Each candidate will have the opportunity to speak with a Pando advisor to review the contract details and answer any further questions.
NEW MEMBERS ARE WELCOMED INTO THE POOL and begin attending pool meetings. A Pando advisor will continue to work with the pool to recruit additional members, collect feedback and ensure the pool gets off to a great start.
Say three people join a pool and agree to put in 2% of their income above $500k. Then, in a given year:
Carson makes $650k
He’s $150k above the hurdle, so he puts in $3k (2% of $150k)
Andy makes $150k
She's below $500k, so she doesn't contribute to the pool this year
Brittany makes $100M in an IPO
She puts in just under $2M (2% of $99.5M)
There’s a little over $2M in the pool, which gets equally distributed back out to Carson, Andy, and Brittany; they now each have:
Most pools run for 10+ years, and pool members contribute different amounts each year as their careers evolve.
DIVERSIFY YOUR FUTURE EARNINGS AND MAKE STARTUP LIFE A LOT MORE FUN WITH PEERS WHO GET EXACTLY WHAT YOU'RE GOING THROUGH