Pando

What Pando does

Pando (legally 303 Holdings, Inc., Delaware) is a private financial-services company headquartered in San Francisco that designs and administers income-pooling structures for high-net-worth individuals whose wealth is concentrated in a single illiquid, volatile asset — primarily founders of venture-backed startups, and more recently professional baseball players. The core product allows members of a curated pool to contribute a defined percentage (typically 1–8%, commonly 3%) of their annual income above a hurdle rate (typically ~$1M) for a 10–15 year term, with contributions equally redistributed among pool participants upon qualifying events such as liquidity events or company acquisitions. Pando vets candidates through interviews and peer-review to mitigate adverse selection, administers the contracts, verifies income via annual tax-return checks, and earns a 10% fee on distributions plus transaction fees on its angel-investing liquidity product.

The platform layers additional services on top of the pooling core: curated peer groups of 5–8 founders meeting monthly with accredited (previously exited) facilitators, a members-only Treehouse Slack community, an angel-investing liquidity channel that lets outside investors participate in pool cash flows with reduced downside and dilution risk, and high-touch events including founder dinners and pitch events. A specialized vertical, Pando Baseball, extends the same model to professional athletes — notably MLB players — with 400+ players and ~$1.6B in covered career earnings. Pando supplements these products with content marketing via The Basecamp Journal.

Commercially, Pando distributes through a direct, application-based model with 24-hour application review, community-led referrals, and curated events. The company has raised approximately $14.3M across three rounds (2017 seed, 2020 ~$8.5M, 2023 ~$2.7M) from investors including Pear VC, Ulu Ventures, Avalon Ventures, Core Innovation Capital, Slow Ventures, and StartX, and has built referral relationships with most Tier-1 US venture firms. Reported scale signals include 741 active founder clients, ~$2B raised by members, ~$360M projected pool cash flows, and claims of 4x average outsized returns among members.

Name

Pando

Legal name

303 Holdings, Inc.

Website

https://pandopooling.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Pando is a private financial-services company that designs and administers income-pooling structures for high-potential founders and professional athletes. Members contribute a small percentage of above-hurdle income to shared pools with 10–15 year terms, receiving equal distributions and curated peer support.

Ownership category

akta.pro rank

Product category

Alternative Financial Services

NAICS

Other Investment Pools and Funds (5259), Portfolio Management and Investment Advice (523940)

SIC

Finance Services (6199)

akta.pro primary industry

Liquidity & Cash Concentration (Sweeping, pooling, notional pooling) (FSABAIAC)

akta.pro secondary industry

Racehorse Ownership, Syndication & Investment Platforms (MPAEADAG)

Keywords

• Income pooling
• Founder financial tools
• Liquidity products
• Angel investing
• Peer support groups

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales

Revenue model

1. Pool Distribution Fee: Pando earns a 10% fee on distributions made from income pools. When pool members receive distributions from the pooled contributions, Pando takes 10% of the distribution amount as its administration fee.
2. Liquidity Products - Angel Investing: Pando facilitates angel investing opportunities where investors can participate in high-potential deals as founders access liquidity. This provides reduced downside and dilution risk for investors while giving founders access to capital.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Pando designs and administers income pooling financial products where vetted founders contribute a small percentage (typically 1-8%, commonly 3%) of their annual earnings above a hurdle rate (typically ~$1M) into a shared pool over a 10-15 year term, with distributions split equally among all pool members and Pando retaining a 10% administration fee on each distribution. Beyond the core pooling product, Pando provides curated peer groups (monthly 90-minute facilitated sessions), liquidity products that let members and angel investors access future pool cash flows today, and specialized pools for professional baseball players.

Product overview

Pando is a financial ecosystem for high-potential founders offering income pooling as its core product. The platform operates on a modular architecture where Income Pooling serves as the foundation, supplemented by additional services including Founder Peer Support (curated peer groups with monthly meetings), Liquidity Products for Founders (access to future cash flows), and community tools like Treehouse Slack. Pando also offers a specialized vertical for professional baseball players through Pando Baseball, and provides educational content via The Basecamp Journal blog.

Differentiator

Problem solved

Functional benefit

Products and services

• Income Pooling Core financial product for high-potential founders: members contribute a small portion of their annual earnings above a hurdle rate into a shared pool, with equal distributions back to all pool members. Pool terms (contribution percentage, hurdle rate, duration) are set by members, and Pando administers the contract, verifies tax returns, and facilitates distributions.
• Pando Baseball

Quantifiable outcome

• 741 active clients in the community
• +4 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature3 records

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• AngelList: AngelList operates roll-up vehicles and syndicates that pool investor capital into startup deals — comparable in syndication mechanics and founder-investor matching, though AngelList focuses on equity rounds rather than personal income pooling.
• Republic: Republic is a private investing platform offering access to startup, crypto, and real estate deals to retail and accredited investors — comparable in providing liquidity and pooled access to high-potential private opportunities, though executed via SPVs rather than income pooling.
• Carta: Carta is the dominant cap table, equity management, and liquidity platform for VC-backed companies and their founders — directly comparable in serving the same founder and VC ecosystem with financial infrastructure, and the most likely adjacent platform Pando could partner with or compete against for founder mindshare.
• Fundrise: Fundrise operates pooled real estate investment funds with low minimums and a management fee — comparable pooled-investment, fee-bearing vehicle structure, though in real estate rather than founder income.
• Addepar: Addepar provides wealth management technology for ultra-high-net-worth individuals and family offices — comparable target customer (concentrated-equity, sophisticated founders and executives) and overlap with the founder wealth-management thesis that anchors Pando's ecosystem positioning.
• Yieldstreet: Yieldstreet offers pooled access to alternative income-generating investments (real estate, marine, legal finance) — comparable in pooling alternative income streams for retail/accredited investors and earning a platform fee, though backed by debt-like assets rather than founder income.

Direct peers

• On Deck: On Deck is a founder community and capital platform (now On Deck Capital) that curates peer cohorts of high-potential founders for networking, peer learning, and capital access — directly comparable to Pando's Founder Peer Support and Treehouse Slack community components.
• Poolit: Poolit (formerly Slait) operates an income pooling platform for professional athletes, the closest direct competitor to Pando Baseball — same income pooling mechanics, same sports vertical, similar 10% take rate.

Emerging players

• Masterworks: Masterworks pools investor capital to acquire shares of individual artworks, sharing appreciation across the pool — analogous in pool-mechanics and take-rate structure to Pando's income pooling and liquidity products, though applied to art rather than income.
• Titan: Titan is a retail investment platform offering thematic actively-managed portfolios — comparable as a tech-forward investment platform with a take-rate revenue model, though serving retail investors rather than Pando's concentrated-equity founder base.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Pando_HQ
• Facebookfacebook.com/HQPando
• LinkedInlinkedin.com/company/pandopooling

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds4 records

Investors10 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pando