A Culture For Healthier Community Assets
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What is Founders Get Funds?
Founders Get Funds (FGF) is an podcast and newsletter for healthier community public goods. We create media to share information on the culture of money. FGF is a virtual community for founders, investors, lenders, philanthropists and community development organizations to create new solutions to old problems through public goods initiatives and business development resources.
How to imagine...
FGF shifts the culture of money with empathy.
Many are overworked and underpaid due to the culture of money. This does not exclude business owners. The process of searching and applying for opportunities can become a full-time job for founders. How can decentralizing your funding strategy help you get funds?
Redlining created a loop effect. As Black families were pushed into “risky neighborhoods”, the values of homes in these areas continued to declined. The cumulative loss in assets amounts to $156B.
The money drained from overworked and underpaid communities has created generations without the financial liberty to make choices needed to “make it in America.” As a result, the culture of money in these communities has shifted to one of scarcity instead of abundance. As an entrepreneur, thinking out of scarcity will always limit the success of your business.
Your financial freedom depends on your mindset and that is fully in your control. If you are feeling overwhelmed, depressed or stuck start with adjusting your mindset. Transitioning from a scarcity mindset to one of abundance turns your product or service into a value creation process. FGF curates media to help founders tap into their imagination and create value for their communities.
FGF shifts the culture of money with tech design.
The underlying systemic problems in society are also defining tech innovation. Weapons of math destruction are micromanaging our economy from advertising to prisons. These mathematical principles, such as statistics, are employed to validate your market in the early stages of a business or when making a pivot. However, the culture that has standardized these methods are inherently unethical. The men who were most influential on establishing modern day statistics were all proud eugenicists. So, is statistics racist?
Ethnomathematics is the study of the relationship between mathematics and culture. There are infinite numerical systems. However, the one that shapes your society is derived from social meanings. In The West, mathematics is a science “which draws necessary conclusions from logical evidence of fact demonstrated with the aid of numeric system.” In Igbo mathematics, the number systems have both common connotation and implied religious/spiritual meaning.
Counting systems are the basis on which other forms of science exists, including computer science. We are in the “New Economy”; in which technological innovations are the center of the hype. As the world becomes more automated so do its ugly habits. Joy Buolamwini is combating algorithmic bias in facial recognition.
Shalini Kantayya developed the film, Coded Bias to explore MIT Media Lab researcher Joy Buolamwini’s discovery that facial recognition does not see dark-skinned faces accurately. Buolamwini is also the founder of the Algorithmic Justice League that develops research reflecting on the priorities, preferences, and prejudices or “the coded gaze” possessed by those with the power to mold artificial intelligence.
These voices are needed to influence how we are going to use technologies such as AI consumer products. You may not feel aligned with what is traditionally perceived as a STEM leader. However, this means your voice is needed now more than ever.
The culture of money has created an individualistic economy particularly in the United States. This mindset has not escaped the sphere of entrepreneurship and may, in fact, be a leading factor to the popularity of individualism. For founders fighting for access to resources in legacy markets, the metaverse is a new space for founders to build from the ground up.