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This sounds similar to Pando [1], which is doing income pooling for professional baseball players [2]: "Nobody has to pay a cent until they've made it to the m
by tqi 6y ago
This sounds similar to Pando [1], which is doing income pooling for professional baseball players [2]:
"Nobody has to pay a cent until they've made it to the majors and they've made $1.6 million. Then that guy has to kick 10% of his salary back to his pool mates."
[1] https://www.pandopooling.com/baseball https://www.pandopooling.com/baseball
[2] https://www.npr.org/2019/10/25/773532516/some-baseball-players-are-entering-income-pooling-agreements-to-fix-imbalance https://www.npr.org/2019/10/25/773532516/some-baseball-playe...
- csentropy 6y agoIt is similar. The market segment and pool construction ton mechanism as well as the legal infrastructure is different. We believe this scales beyond startup founders to education, athletics, and any domain where the outcome distributions follow some kind of power laws
- smabie 6y agoPoker players to much the same thing and trade percent stakes before tournaments. And once again, modern portfolio theory triumphs!