Evermint

According to the Cato institute State and local pension plans are underfunded by about $700 billion.

When governments are strapped for cash, they often start cutting budgets, and the first programs to get hit are usually the ones that help out the most vulnerable communities like educational, social and welfare programs that benefit communities of color. 

When governments cut funding for social programs, it often has a disproportionate impact on minority populations. Programs like education, healthcare, and welfare tend to benefit communities of color more than others, so when those programs are cut, it can exacerbate existing inequalities and make it harder for vulnerable communities to access the resources they need to thrive.

For example, if funding for public schools is cut, it can result in larger class sizes, fewer resources for teachers, and fewer extracurricular activities for students. This can have a negative impact on the quality of education available to students, particularly those in low-income neighborhoods where schools may already be under-resourced. Similarly, cuts to healthcare funding can make it harder for minority communities to access medical care, which can result in worsened health outcomes and higher rates of chronic illness.

Overall, when funding for social programs is cut, it can create a ripple effect that touches every aspect of a community's well-being. It can make it harder for people to access the resources they need to succeed, and can deepen existing inequalities along racial, ethnic, and socioeconomic lines. That's why it's so important to support initiatives like Evermint that are working to optimize public funds and ensure that everyone has access to the resources they need to thrive.

"Inequality Isn't a Social Problem, Its An Economic Problem." - Evermint Founders 

 What We Do, Narrow Scope:

Evermint creates and sells custom trading algorithms to local governments to automate investment processes and maximize returns on excess cash reserves while minimizing risk.  Our algorithms use advanced statistical models and machine learning techniques to analyze market trends and identify profitable investment opportunities. The trading algorithms are programmed to make trades automatically based on predefined rules and parameters, minimizing the need for human intervention and reducing the risk of human error.

The larger Purpose:

Evermint solves the inefficient use of excess cash reserves by local governments, which results in lost opportunities for investment and an inability to meet the needs of the community. By providing custom trading algorithms to local governments, Evermint aims to help them achieve higher returns on their excess cash reserves and optimize their financial resources for the benefit of the community.

The Big Picture:

Our main goal is to help governments implement  Universal Basic Income (UBI) by increasing the financial resources available to governments. By optimizing the management of public funds and achieving higher returns on excess cash reserves, local governments may have more funds available to invest in social programs such as UBI, which would provide a guaranteed income to all individuals regardless of their employment status.

Evermint's solution targets local governments that are struggling to manage their finances effectively, with the aim of indirectly benefiting vulnerable communities by freeing up funds for social programs. By optimizing financial resources, Evermint's solution has the potential to address the needs of underserved populations and improve their access to important services and resources.

Alexandra and I, COO and CEO of Evermint respectively, have a deep personal connection to the communities we are serving. As an African American man and Korean American woman, We have firsthand experience of the effects of systemic inequality on communities of color. We met at West Point then served as Army Officers, where we developed a shared commitment to public service and a passion for finding solutions to complex problems.

Alex and I  grew up in communities where unequal housing and school funding had a profound impact on residents. For each of us, this experience was formative, and it has driven our commitment to finding innovative solutions to help communities thrive.

For Me, interest in government solutions was sparked by my mother, who worked for the state of New York for over 30 years and ultimately became the Deputy Comptroller for NYS. Through her, I saw firsthand how local governments can make a real difference in the lives of their constituents, but I also saw how funding shortfalls can have a devastating impact on communities.

This personal connection to the communities we are serving has deeply informed the design and implementation of Evermint's solutions. The team is committed to engaging with local governments and community organizations to understand the unique challenges facing each community and to tailor our solutions accordingly. We recognize that a one-size-fits-all approach won't work, and they are committed to finding solutions that truly meet the needs of the communities they are serving.

Ultimately, our personal experience has driven our commitment to public service and to finding innovative solutions to complex problems. Through Evermint, we are working to help local governments optimize their financial resources and invest in the social programs that are critical to the well-being of vulnerable communities. Our personal connection to these communities is at the heart of their work, and it guides everything we do.

Quick Resume Rundown:

Kevin - CEO, West Point, Army Officer, Worked at Northporte, a company that builds automated trading algorithms for investors and hedgefunds as lead engineer and programmer.

Alexandra - COO, West Point Grad, Army Officer, MIT Sloan Graduate, Harvard Kennedy School Graduate, 2019 White House Fellow.

Evermint is committed to making a meaningful impact in communities that are underserved and underfunded. As part of this mission, we have identified 10 of the poorest counties in the United States and are currently in talks with them to establish a pilot program. This program is designed to help local governments optimize their financial resources and invest in the social programs that benefit the most vulnerable populations.

But our commitment to making a difference isn't limited to the United States. We are also in talks with one local government in Nigeria and one local government in Brazil to establish pilot programs that can have a positive impact on communities in those regions as well. These discussions are ongoing, but we're excited about the potential for these programs to help improve the lives of people who have been historically underserved.

We recognize that sales cycles can be long with governments, which is why we're also rolling out an individual version of our solution for retail traders. For a fee of $150 per month, retail traders can access our AI-powered trading algorithms to help them make more informed investment decisions. While our primary focus is on working with local governments to optimize public funds, we believe that there is value in extending our solutions to individual traders who are looking to make the most of their personal investments.

Overall, Evermint's solutions are designed to make a meaningful impact on communities that have been historically underserved and underfunded. Whether we're working with local governments in the United States, Nigeria, or Brazil, or offering our solutions to individual traders, our goal is to help people make more informed investment decisions and improve their financial well-being.

Evermint is dedicated to creating solutions that empower local governments to optimize their financial resources and invest in social programs that benefit vulnerable communities. As part of this mission, the company is actively seeking partnerships with organizations focused on economic empowerment. By working with like-minded partners, Evermint can amplify its impact and help ensure that its solutions are effectively reaching those who need them most.

In addition to partnerships, Evermint is also seeking collaboration with technical and product mentors. The company believes in the importance of continuous improvement and is committed to leveraging the latest technologies and techniques to drive better outcomes for its clients. By collaborating with mentors who have deep expertise in AI and financial modeling, Evermint can continue to refine and improve its AI financial coach, ensuring that it remains on the cutting edge of the field.

At the heart of Evermint's work is a commitment to ethical and responsible development of AI. The company recognizes the potential of AI to drive positive outcomes for communities, but also recognizes the importance of ensuring that AI is developed and deployed in a responsible and ethical manner. By collaborating with partners who share this commitment, Evermint is working to build a more responsible and equitable future for all.

Overall, Evermint recognizes that collaboration is key in the development of effective solutions for the most pressing challenges facing our communities. By seeking out partnerships and collaboration opportunities with organizations focused on economic empowerment, as well as technical and product mentors, Evermint is positioning itself to have a greater impact and to ensure that its solutions are informed by the latest thinking and best practices in the field.

Evermint's solution is innovative because it uses AI-powered trading algorithms to help local governments optimize their financial resources and invest in social programs that benefit vulnerable communities. This approach is unique in that it combines cutting-edge technology with a commitment to social impact, allowing local governments to make more informed investment decisions and potentially free up funds for social programs.

One of the key features of Evermint's solution is its ability to automate the investment process and minimize risk. By leveraging historical data and other insights, the trading algorithms can identify investment opportunities that have the potential to generate higher returns while minimizing risk. This not only makes it easier for local governments to invest their excess cash reserves more effectively, but it also frees up staff time and resources that would otherwise be spent on managing investments manually.

Another innovative aspect of Evermint's solution is its focus on collaboration and community engagement. Rather than taking a top-down approach to financial management, Evermint works closely with local governments to understand their unique needs and tailor its solutions accordingly. This collaborative approach helps ensure that the solutions are effective and relevant to the communities they are designed to serve.

Overall, Evermint's solution is innovative because it combines cutting-edge technology with a commitment to social impact, helping local governments optimize their financial resources and invest in the social programs that benefit vulnerable communities. By leveraging AI-powered trading algorithms, collaborating closely with local governments, and taking a community-centered approach to financial management, Evermint is pioneering a new approach to financial optimization that has the potential to make a real difference in communities around the world.

Next year:

• Provide trading algorithm solutions to at least 10 local governments, resulting in increased funding for critical social programs in underserved communities.
• Partner with at least three organizations focused on economic empowerment to amplify impact and create more sustainable, equitable communities.

To achieve these goals, we will need to focus on expanding its partnerships, building relationships with key decision-makers in local governments, and refining its trading algorithm solutions to meet the unique needs of each client.

Next five years:

• Provide trading algorithm solutions to at least 100 local governments, resulting in increased funding for critical social programs in underserved communities.
• Have a measurable impact on poverty rates in the communities Evermint serves, as measured by key indicators such as income, education, and health outcomes.

To achieve these goals, we will need to expand its team, build out its technology infrastructure, deepen its relationships with key partners and stakeholders, and invest in research and development to continue improving its trading algorithm solutions and increasing their impact.

Overall, our impact goals are focused on creating sustainable, equitable communities through innovative financial solutions. By staying true to its mission and values, and by leveraging technology and collaboration, Evermint can continue to drive meaningful, transformational impact for the communities it serves.

• Number of local governments served: track the number of local governments we have provided trading algorithm solutions to over time, as a measure of its reach and impact.

• Amount of funding generated for critical social programs: By tracking the amount of funding generated for critical social programs in underserved communities as a result of its solutions, wecan demonstrate the tangible impact of its work.

• Reduction in poverty rates: we plan to track key indicators such as income, education, and health outcomes in the communities it serves over time, in order to measure the impact of its solutions on reducing poverty rates.

• Customer satisfaction: By regularly surveying its customers and collecting feedback, we can track customer satisfaction and make improvements to its solutions over time.

• Partnerships with organizations focused on economic empowerment: we will track the number and quality of partnerships it has established with organizations focused on economic empowerment, as a measure of its collaborative impact.

Overall, by tracking progress on these and other key indicators over time, Evermint can gain insight into the effectiveness of its solutions and make data-driven decisions to continue improving its impact over time.

Evermint's solution is designed to help local governments optimize their financial resources and invest in social programs that benefit vulnerable communities. By using AI-powered trading algorithms, we can help local governments minimize risk and generate higher returns on their excess cash reserves, potentially freeing up funds for critical social programs.

The impact of this solution is twofold. First, it helps local governments to invest their financial resources more effectively, which can result in increased funding for critical social programs such as education, healthcare, and social welfare programs.

Second, by focusing on vulnerable communities that have historically been underserved and underfunded, our solution has the potential to address some of the underlying systemic issues that contribute to poverty and inequality.

Overall, our solution is designed to have a transformative impact on the communities it serves by empowering local governments to invest in social programs that benefit the most vulnerable members of their communities. By leveraging technology and innovation, Evermint is working to create more sustainable, equitable communities for all.

Evermint's core technology is AI-powered trading algorithms. These algorithms are designed to automate the investment process and minimize risk. The algorithms work by analyzing vast amounts of financial data and market trends, in order to identify the most promising investment opportunities. By constantly monitoring and adjusting investment strategies based on real-time data, the algorithms are able to adapt to changing market conditions and generate optimal returns.

In addition to the AI-powered trading algorithms, our solution also includes advanced analytics and reporting tools. These tools provide local governments with real-time data and insights into their financial performance, allowing them to make data-driven decisions and optimize their investment strategies over time.

As minority founders, Alex and I have a unique perspective and a deep understanding of the challenges faced by underserved communities. This understanding has informed your mission to directly and meaningfully improve the lives of vulnerable communities through our work at Evermint.

By leveraging technology and innovation, our solutions are designed to help local governments optimize their financial resources and invest in social programs that benefit vulnerable communities. As minority founders with a deep understanding of the challenges faced by these communities, we are uniquely positioned to develop solutions that address their needs and improve their quality of life.

Overall, your personal experiences and perspectives have informed our mission and driven your commitment to serving vulnerable communities. By leveraging your expertise and insights, Evermint is able to provide innovative solutions that directly address the needs of the communities you serve.

Evermint's business model centers around providing trading algorithms to local governments that help them optimize their financial resources and invest in social programs that benefit vulnerable communities. These algorithms are designed to automate the investment process and minimize risk, making it easier for local governments to invest their excess cash reserves more effectively and achieve higher returns.

Evermint's key customers are local governments that are struggling to manage their finances effectively and are looking for innovative solutions to optimize their financial resources. By providing customized trading algorithms, Evermint is able to help these governments invest in a way that is tailored to their unique needs and risk tolerance, potentially freeing up funds for social programs that benefit vulnerable communities.

The key beneficiaries of Evermint's solutions are the vulnerable communities that stand to benefit from the social programs that are funded by optimized investments. These programs can include education, healthcare, and welfare, among others, and are designed to help improve the quality of life for those who have been historically underserved and underfunded.

To provide its solutions, Evermint charges local governments a fee based on the size of their excess cash reserves. This fee is designed to be competitive with other financial management solutions, while also ensuring that Evermint is able to generate the revenue it needs to continue providing high-quality services to its clients.

Overall, Evermint's business model is focused on providing value to local governments and vulnerable communities by optimizing financial resources and investing in social programs that benefit those who have been historically underserved and underfunded. By leveraging technology and a collaborative approach to financial management, Evermint is pioneering a new approach to financial optimization that has the potential to make a real difference in communities around the world.

Evermint's plan for becoming financially sustainable is focused on generating revenue through its trading algorithm solutions while also keeping costs low. The company's revenue model is based on charging local governments a fee based on the size of their excess cash reserves, which allows Evermint to earn revenue while also providing value to its clients.

To keep costs low, Evermint has adopted a lean business model that emphasizes efficiency and collaboration. The company is committed to leveraging technology and automation to streamline its operations, and it works closely with local governments and other partners to understand their unique needs and tailor its solutions accordingly.

In addition to its core trading algorithm solutions, Evermint is also exploring opportunities to diversify its revenue streams. This includes exploring partnerships with organizations focused on economic empowerment, as well as collaborating with technical and product mentors to improve its AI financial coach. By expanding its offerings and seeking out new revenue streams, Evermint is positioning itself for long-term financial sustainability.

Overall, Evermint's plan for becoming financially sustainable is based on a combination of generating revenue through its core solutions while also keeping costs low and exploring new opportunities for revenue growth. By maintaining a lean business model and remaining committed to its mission of helping vulnerable communities, Evermint is well-positioned for long-term success.

Government sales cycles take a long time, but that is not a concern for us because we generate our income from our trading. That's right, I currently generate my income from the trading strategies we use. This has allowed us to be profitable from day one.  One of the key benefits of this approach is that it has allowed us to generate revenue from day one. Unlike other businesses that may require significant investment and time to start generating revenue.