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

The Personal Assistant Next Door App: Achieve Liberation Through Delegation

mypandaapp.com

Atlanta, GA

Technology Female Founder Mobile Apps Service Home Tech

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Invested $5,000 this round

As a customer of My Panda, I have personally experienced the impact of this brilliant platform and can see the value of this service at scale. The market is huge and the need for quality, vetted support for working moms and busy professionals is undeniable. The growth plan Tamara has created includes the new business program and I can see enterprises offering My Panda to their high performing leaders to provide support at home during intense seasons. I’m so excited to lead this round and see this company grow!

My Panda

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