For certain groups of people, there are powerful community benefits too, as there is a motivation to support each other in their quest for success. Pooling gives the benefits of diversification, spreading risk and providing upside if someone else in the pool becomes a superstar. Total pool distributions are distributed equally.
Pooling enables a group of individuals to join forces and contractually pledge a modest portion of their future earnings - above a hurdle - to a shared pool. Why, then, do we see this behavior with entrepreneurs, business professionals and athletes? Why should they alone limit themselves to their individual career earnings?” The Pando Team “You will not see any venture capital firms touting a single investment as their portfolio strategy. “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.”Ĭo-founder Eric Lax further added, “You will not see any venture capital firms touting a single investment as their portfolio strategy. “We built a financial tool for an economy that’s increasingly characterized by winner-take-most professions,” says CEO Charlie Olson. 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.
#STARTX SUCCESS STORIES PROFESSIONAL#
Proceeds from the financing will be used to build on our success in serving professional assets and deepening our offerings for entrepreneurs, MBA students and business professionals. Proceeds from the financing are being used to build on our success in serving professional athletes and deepening our offerings for entrepreneurs, MBA students and business professionals. The round was led by Core Innovation Capital and included participation from Pear VC, Avalon Ventures, Ulu Ventures, Nimble Ventures, Stanford StartX Fund, WTI and Slow VC.
#STARTX SUCCESS STORIES SERIES#
AdvaMed members range from the largest to the smallest medical technology innovators and companies.This week, we would like to announce that we have closed on $8 million+ in Series A funding. ABOUT ADVAMED AdvaMed member companies produce the medical devices, diagnostic products and health information systems that are transforming health care through earlier disease detection, less invasive procedures and more effective treatments.
The community includes a former EIR at Kleiner Perkins, EIR at MPM Capital, Head of McKinsey's Healthcare Group, a founder with exits to Roche and J&J respectively, and over 60 Stanford Professors, to highlight a few of the bright pioneers' backgrounds who are creating new innovations for patients at StartX Med. The StartX community has over $7B in capital raised, 80 exits, and $26B in market capitalization created during the past decade alone. StartX continues to be a unique, equity-free startup community. StartX Med founders also have the opportunity to utilize 2,000 square feet of shared wet lab space at the StartX facility, located down the street from Stanford University. Clinical partners of StartX Med companies encompass more than 250 hospitals, 30,000 care centers, 50,000 physicians and 65 million annual patient visits. The community averages a minimum of 6+ FDA approvals / clearances per year. StartX Med's entrepreneurial scientists are changing the world with medical breakthroughs and successful life-saving research, including driving innovations in COVID-19 through the work of its Task Force. For medical tech founders homegrown at Stanford’s School of Medicine, having intimate access to domain experts and care environments has been fundamental to their success. ABOUT STARTX StartX, and StartX Med, the medical vertical of StartX, is a non-profit startup community of more than 1600 Stanford faculty and alumni founders.
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