- May 25, 2019
- Posted by: Kirsten Campbell
- Category: Blog
What does Kingonomics mean?
Kingonomics is the term used by Rodney Sampson to describe the economic principles advocated by Martin Luther King. These principles represent the spirit of social entrepreneurship in the 21st century.
“The Kingonomics’ philosophy ensures equity in the innovation, entrepreneurship and investment ecosystem for all as a path to multi-generational wealth with no reliance on pre-existing multi-generational wealth.” – Rodney Sampson
Both Kingonomics and regulation crowdfunding support the same goal of building generational wealth for people who have traditionally been excluded from available opportunities. Regulation crowdfunding is about more than money – it’s about supporting and uplifting the community, inclusion and job creation. The social benefits are well documented and compelling, which makes future projections for crowdfunding really exciting. It’s forecasted that money raised through crowdinvesting will spike from $11.1 billion in 2018 to $31 billion by 2022.
Kingonomics follows twelve economic and entrepreneurial principles, and there were two key principles that stuck out to the team at DATI: creativity & innovation / connectivity.
Diversity is ground zero for creative, high performance teams and an improved workplace; with resources backing up the claims here, here and here. With more diverse teams, there are new perspectives and ideas that provide a competitive edge to outperform homogenous teams. Tech’s comical lack of diversity has led us down some dark paths which need solutions that don’t revolve around adding token employees.
A healthy sense of community is critical and that’s a major value for Kingonomics. Regulation crowdfunding supports and uplifts communities through funding underrepresented entrepreneurs and offering equity access for startups – a stronger community benefits everyone.
The team at DATI is impressed by Opportunity Hub, founded in 2013, “focused on increasing authentic diversity, equity & inclusion in the tech, startup and venture ecosystem. OHUB is the leading platform to ensure that everyone everywhere is equitably represented and included in the future of work and 4th industrial revolution as a path to multi-generational wealth creation with no reliance on pre-existing multi-generational wealth. Together, we will end poverty for all.”
That’s a mission we can get behind!