Reducing Recidivism

On this episode, we’re talking about America’s high rate of recidivism – with nearly 80% of those incarcerated returning to prison after five years – and what can be done to reduce this figure. First, we hear from Marcus Bullock, the founder and CEO of tech company Flikshop, about the obstacles he faced when transitioning back into society after serving an eight-year prison sentence. Marcus applied for 41 jobs before finally finding employment as a paint mixer, opening the door for him to eventually start his own businesses and find ways to help other formerly incarcerated individuals with their reentry journey. Then, host Carla Harris sits down with Marcus Glover, Managing Partner of VC firm Lockstep Ventures, to discuss the real opportunity in breaking down barriers to employment for formerly incarcerated individuals. Marcus outlines the mechanisms in place that lead to reoffending and offers ways that the VC community can leverage its investments to help stem the cycle of recidivism. https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity Disclaimer text The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. © 2021 Morgan Stanley & Co. LLC, Members SIPC.