> They seem to have a useful product that a good number of people could benefit from.
I'm skeptical.
Even if the algorithm is designed solely for the benefit of customers, there's very clearly some value extraction going on. It seems to me that personal finance training is a much better product for these individuals...
> They give off the appearance of transparency, but there is a lot there that doesn't add up.
This seems like a substantial business risk, right? What's to stop another company from coming along that is totally transparent and also just barely out-performs Even on payouts?
Or even a non-profit that prices things to manage risk as opposed to make profit, probably undercutting Even in the process?
Even's only defense against either is "nuh-uh, we're better", and I have a hard time seeing them winning that fight without full disclosure.
I'm skeptical.
Even if the algorithm is designed solely for the benefit of customers, there's very clearly some value extraction going on. It seems to me that personal finance training is a much better product for these individuals...
> They give off the appearance of transparency, but there is a lot there that doesn't add up.
This seems like a substantial business risk, right? What's to stop another company from coming along that is totally transparent and also just barely out-performs Even on payouts?
Or even a non-profit that prices things to manage risk as opposed to make profit, probably undercutting Even in the process?
Even's only defense against either is "nuh-uh, we're better", and I have a hard time seeing them winning that fight without full disclosure.