This document will give you an overview of all things related to Pando DAO, Pariti Africa Fund and Pariti
Vision
We believe that the future of Africa will be built by technology founders, innovators, and those who support them across borders. As technological growth has throughout history, this future will improve the fortunes and quality of life of members of society far beyond those directly involved in innovation.
Pando is a new DAO where top founders in Africa come together to support & invest in each other. Our vision is that Pando DAO will deepen connections between members of Africa’s tech community and accelerate our scale and impact in order to realize this continent-wide, positive-sum future together.
- 🧑🏾🤝🧑🏾 What is a DAO?
- 🌳 Why “Pando”?
Why now?
- The first African unicorn emerged in 2016. Today, there are 7 unicorns on the continent.
- Funding for startups in Africa more than tripled from $1.3B in 2019 to $4.4B in 2021. In 2022, $1B was invested in African companies in the first 7 weeks of the year.
- From 55 startups successfully funded in 2015 to 359 in 2020, Africa’s ecosystem is growing at a 46% annual rate – six times faster than the global average. [BCG]
- Similar to China in 2006, Africa has
- a young population of over 1 billion people
- a fast-growing GDP around $2k/person per year
- and a generation of educated talent that has gone to school and worked overseas in high-growth companies coming back to launch and scale local tech startups.
https://thebigdeal.substack.com/p/-1-billion-usd-in-7-yes-seven-weeks?s=r
🥁 What DAO we do?
The DAO furthers it's mission in multiple ways:
- Supporting Pando Africa Fund, which invests in early-stage companies in Africa. The DAO helps with sourcing & selecting companies for the fund and growing the companies the fund invests in.
- Running Silicon Zanzibar with the government of Zanzibar.
- The DAO also has many programs to educate founders (e.g. Founder Fellowship), promote our community of companies to the public, foster the next generation of investors, improve DAO diversity, and more. The DAO maintains a treasury to advance the DAO's goals.
- Other projects that members lead. We have hosted founder meetups, discussions on managing employee stock plans, qualifying to sell carbon credits, etc.
For more, see our charter.
Pando DAO charter
💰 Pando Africa Fund
One way of furthering the DAO's mission is to invest in early-stage founders in Africa. However, the DAO does not make direct investments. The DAO has partnered with the Pando Africa Fund — an independent venture fund. The Fund's carry goes directly to the DAO treasury.