In this episode of Made It with Connor Tomkies, we dive into a groundbreaking concept with Charlie Olson, CEO of Pando. Charlie explains how his company helps individuals in high-risk careers like professional athletes and entrepreneurs pool their incomes, creating a supportive and incentivized community that shares both successes and setbacks. Learn how Pando has transformed the landscape of career risk management and what the future holds for this innovative business model.
Chapter Titles:
[00:00:00] Introducing Charlie Olson from Pando
[00:00:45] The Origin of Pando’s Name
[00:01:30] Income Pooling for Risky Careers
[00:02:45] Incentives and Career Risk Management
[00:03:30] Entrepreneurship in a Winner-Take-All Economy
[00:04:45] Pando's Start in Professional Baseball
[00:06:00] Entrepreneurs Pooling and Collaborating
[00:07:00] Contributions and Success Rates at Pando
[00:08:00] Entrepreneurial Pooling in Series B Stage
[00:09:00] Recruiting High-Caliber Entrepreneurs
[00:10:30] Community, Incentives, and Success
[00:11:30] Pando’s Potential for Industry Disruption
[00:12:45] Reimagining the Financial Institution
[00:14:00] Pooling as Upside Insurance
[00:16:30] Network Benefits and Negotiations
[00:19:00] Crowdsourcing Knowledge and Warm Intros
[00:21:30] Charlie’s Entrepreneurial Journey
[00:23:00] The Unique Vertical of Income Pooling
[00:24:00] Pando's Supportive Entrepreneurial Ecosystem
[00:27:00] Physical Therapy and Incentives
[00:29:00] Exciting Pando Companies in AI Revolution
[00:29:45] Long-Term Vision for Pando
Charlie's Stuff:
Pando: https://www.pandopooling.com/
LinkedIn: https://www.linkedin.com/in/charlie-olson/
My Stuff:
Podcast: https://www.madeitpod.com/
Website: https://www.connortomkies.com/
X: https://twitter.com/ConnorTomkies
LinkedIn: https://www.linkedin.com/in/connortomkies/
