Product Hunt Daily - Spread out your eggs

Imagine walking into a casino and placing everything you own on one square with your name on it. That’s how many people approach their careers.

What if there was a way to spread out your money across the board, with an equal amount placed on each person in a cohort of people like you?

Pando is a startup working to make that possible through income pooling. With Pando, a group of members come together and commit a small portion of their income to a shared pool. The funds get equally divided up each year.

Pando took aim at baseball players first after it launched in 2017. Since then, it’s achieved some success attracting athletes into Pando pools — particularly minor league players who may never make it to the majors. After it raised a $8.5M Series A, Pando began expanding its reach to other high-risk, high-reward professionals, like entrepreneurs.

Pando's website is currently featuring pools for professionals in healthcare, fintech, social impact, and founders in general. Pools are like an insurance policy, but not to be mistaken for one. Pando doesn’t guarantee payouts. Payout rules are set per pool by the users although Pando does set ground rules, like what happens if someone stops contributing (there's basically a one-year grace period).

We’re seeing more makers who would rather play a positive-sum game over winner-takes-all. Pando is part of a greater movement towards community building, but puts skin in the game in the form of your dollars.

Would you spread out some of your eggs into your cohort’s basket? Tell us on the launch page.