I love the concept of this company. From reading your page, it looks like projections for 2024 is 16 million if I am reading that correctly (16000 x 1000). Another part showed Q2 of 2024 a goal of 100,000 MRR. Are those projections correct?

Hi Adam, Thank you for your interest and also for catching the typo of an extra 0! I will get in and update that graphic right now. Projections are $1.6M for 2024 and yes we are projecting $100MRR by the end of Q2 this year. If you have any other questions or would like more details please reach back out! Tamara Lucas, CEO

This may be a dumb question, but how is this different from other apps like TaskRabbit? I guess maybe its focused on universal tasks that don't require skilled labor.. but what's stopping them from moving into the space? They have a huge advantage with their reach.

Hi Matthew, not a dumb question at all! TaskRabbit is our biggest competitor and we have a lot of overlaps with their business model, primarily hiring someone to help you get things done. However, there are a few ways we are significantly different. -We are focused on hyper-local community: In our research we found that people tend to trust those that live near them. You can see this phenomenon when you observe interactions on the community app Next Door, we rely upon our neighbors for recomm...

What is the expected timeline for paying investors, and what is the anticipated rate of return? I saw you on my LinkedIn feed.

Hi Bonnie, Thank you so much for reaching out! I’m glad you saw us on LinkedIn! Since we are currently raising on a SAFE (Simple Agreement for Future Equity) with an $8M valuation cap, there isn’t a traditional timeline for direct payments or distributions. Instead, investors will convert their SAFE into equity at the next priced equity round or liquidity event, such as an acquisition. My goal is to grow the company steadily over the next few years and either raise a priced round to accelerat...

Hi, are you looking for app development partners?

Hi Majed, Thanks for reaching out! We are good with our tech team at the moment.

Hi Tamara, do you plan on expanding into other major cities? Thank you, Glenn

Hi Glenn! Thank you for your question. Yes! We are actually opening our 2nd in-person market as we speak, Charlottesville VA. And we are testing a "Virtual Village" concept that is a remote version of My Panda, powered by real humans helping with personal, household, and scheduling tasks virtually. This will allow us to test demand and build relationships in markets before we launch in-person services.

My Panda Updates, Team, and Funding Progress | Wefunder, Home of the Community Round

588% growth in revenue from 2020 to 2025

$1M+ in total company revenue across 950+ families served and 26K+ service hours delivered

82:1 LTV to CAC ratio - one of the strongest unit economics in the gig economy

65% of monthly users are repeat customers... the village effect in action

Now serving customers nationwide through the Virtual Village - remote support, anywhere in the U.S.

35K+ employees now have access to services through B2B partnerships with Google, Apple, Delta & more

Targeting a $746B combined market: $657B household services + $89B employee benefits

Received PERFECT 5 rating from KingsCrowd - top 1% of all equity crowdfunding raises

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